If you’re asking yourself that question, the answer is likely “yes.” Will the world end if you don’t have one? No, it won’t, but an estate plan is a valuable tool that can actually improve your quality of life. Most people, especially those with families, worry about what the future may hold.
Depending on your parents, discussions regarding estate plans can be either easy or hard. Some people are lucky in that their parents may be at a stage of their life where they’re willing to accept some help and guidance from their adult children. Others may be resistant, which will likely make everything from gaining power of attorney to helping them find in-home assistance or a care facility difficult.
The Centers for Disease Control says the number of people dying from Alzheimer's Disease has jumped 54.5 percent since 1999. Data also show that an increasing number of those that died of the illness did so at home instead of in hospitals and other medical facilities. In 2014, 24.9 percent of Alzheimer's patients died at home compared to 13.9 percent in 1999. According to the CDC, Alzheimer’s disease currently affects an estimated 5.5 million adults in the U.S. and...Continue Reading
When it comes to estate planning and elder law, you could say the Law Offices of David L. Carrier sets the pace. Or, rather, they set the PACE. The Grand Rapids-based firm, which helps families navigate through complicated issues and laws surrounding estate planning, is making PACE the topic of its latest free workshop. PACE is an acronym for Program of All-inclusive Care for the Elderly. It’s a comprehensive health program that helps seniors remain at...Continue Reading
Wash up your Ride and Come on out and enjoy some classic cars, good food and 50's music. It will be fun for the whole family! Hosted by the Law Offices of David L. Carrier When: Friday, August 11, 2017 4-7 PM Where: 4965 East Beltline Avenue, NE, Grand Rapids, MI 49525 RSVP: Let us know you're coming (so we have enough Yesterdogs). Register Here or call (616) 361-8400...Continue Reading
Making an estate plan is not a one-time affair. Changes in your life may prompt you to revise your will, trust, power of attorney, or advance directives for health care. Even if you do not think any changes are necessary, it may still be a good idea to periodically speak with a Grand Rapids estate planning attorney about your situation. Avoiding Confusion Over Out-of-State Documents If you have just moved to Michigan from another state, you might...Continue Reading
Medicaid is designed to help seniors with limited means afford medical care, including long-term nursing home care. Since Michigan's Medicaid program imposes strict limits on an applicant's income and assets, some planning may be necessary to help ensure eligibility. Medicaid estate planning generally falls into two categories: pre-planning and crisis planning. Crisis Planning Crisis planning is the more common occurrence. A crisis in this context means any sudden or catastrophic healthcare event. For example, an elderly man...Continue Reading
A revocable living trust is an estate planning tool that lets you transfer assets to a trustee. You can serve as your own trustee, allowing you to keep control over the assets during your lifetime. Upon your death, a successor trustee (that you previously named) assumes control of the trust and distributes its assets according to your instructions. Many married couples in Michigan find it useful to create a joint revocable living trust. These are informally...Continue Reading