During your working years you and perhaps your employer made contributions to your retirement account. You learned the benefit of putting your employment income into a 401k so that you would not pay income tax on it while you had earnings from employment. Rather, when you retired, you would then draw on those funds and… continue reading
Medicaid Planning for Couples Zoom Seminar
SECURE Act and Your Retirement Account
I would not associate the word SECURE with year 2020. So, it is a bit ironic that 2020 did bring us the SECURE Act. This Act is all about your retirement funds or what is left of it given the surprises of 2020. Setting Every Community Up for Retirement Enhancement (SECURE) eliminates the stretch provision… continue reading
Medicaid Planning and Asset Protection Zoom Seminar
COVID Stimulus Payments and Medicaid Benefits
There are many Medicaid programs but we most commonly assist those who are on the MI Choice Waiver program for in-home care and assisted living and the Medicaid program that pays for benefits in a skilled nursing facility. Persons who are receiving Medicaid benefits must keep their bank account balances under $2,000 at least one… continue reading
Business During the COVID-19 Crisis
For the last two weeks, I’ve tried to pin down the most important legal issue facing businesses. After seeing new legal developments coming each day from all levels of government (federal, state, and even local), I decided on a different approach. Rather than identify the one key issue, I’m offering more general and practical advice.… continue reading
Estate Planning During a Pandemic
If completing an estate plan has been on your to-do list for years – now is the time to get it done. Now is the time to check in with your loved ones on whether they need to do some planning while we face a global health crisis. No matter the size of your resources… continue reading
COVID-19 and Child Support Obligations
If you have an income or job loss because of COVID-19, Ottawa County Friend of the Court has put in place a process to quickly address your job/income loss. Here is what you should do: Call your Ottawa County Friend of the Court investigator/case worker to request a joint phone conference to review child support… continue reading
Medicaid Planning and Asset Protection Seminar
Asset Protection for Single Persons
When a single person needs Medicaid benefits to pay for in-home, assisted living, or nursing home care it is true that the asset protection options are limited compared to a married person in the same situation. But there are still some options. Check out the tips below and join us on March 10, 2020 at… continue reading
