If your parents are at the age when illnesses and medical conditions are a concern, you will have worries about the costs of long-term care. One of the biggest problems confronting senior citizens today is the extraordinary cost of this care. Such costs can exceed one’s entire lifetime savings. When proceeds come to an end, the only option may be to apply for Medicaid.

However, while Medicaid does pay the costs of long-term care, eligibility is complex. One of the eligibility requirements is that the amount of assets your parents can own individually and jointly is extremely limited.

“Look-back” period

The Jenna Kast Believe in Miracles Foundation is an all volunteer, grass roots organization whose goal is to bring a smile to the face of a child that is suffering. The mission of The Jenna Kast Believe in Miracles Foundation is to enrich the lives of Michigan children suffering from life-threatening medical conditions by buying gifts and bringing joy and hope to their lives. Along with their gift, each child receives a personalized trophy to acknowledge their courageous fight.

This is a wonderful organization and our firm is proud and privileged to be a sponsor and a part of helping achieve its mission.

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Learn more about this great organization by visiting their website at www.believeinmiracles.org

You may be over at a friend’s house when, out of nowhere, an otherwise friendly dog bites you. Over 4.5 million Americans receive dog bites each year, shares the American Veterinary Medical Foundation. While a decent amount are superficial wounds that do not require any medical attention, plenty of people need to go to the emergency room to address the wound. 

You are put between a rock and a hard place when a friend’s dog bites you. You want compensation for your injury, but you also do not want to damage the friendship. During this time, the most important thing is your health, and you should take the following steps after suffering a dog bite. 

Get medical attention

Some car accident victims suffer from evident pain immediately after a car accident, such as a broken bone or back injury. Others, however, may not experience the pain right away. Some people may think that their pain is not severe and will go away on its own.

There is no question that it would be in your best interest to see a doctor after a motor vehicle accident. You may not immediately experience pain, but that does not mean that you have not suffered an injury, or that you will face one down the road. Clients have frequently stated that immediately after an accident they were not in pain and that the pain came days, or even weeks, later.

Being a victim of a car accident can be a very scary and confusing time. Many people are unsure of the steps they need to take to ensure they receive benefits they are entitled to. If you or a loved one has been injured as a result of a car accident, call SMDA Law today to schedule your free consultation. It is important to know and understand your rights.

Even though bankruptcy discharges your personal obligation to pay a secured debt, the lien on your property will remain.

Any amount of a debt that is secured by property, will remain. Any amount that is not secured by the property, will be discharged. For example, if you your purchased a tv on credit, if you default on your payment the creditor has the right to the collateral (the tv). If the value of the tv is less than the amount you owe, the remaining amount will be discharged.

For more information regarding liens and Chapter 7 bankruptcy, contact our office at (586) 264-3756.

We handle numerous probate and trust administration cases, where siblings do not get along. It is better to work through issues with your siblings, prior to your parents’ passing away, as there is less stress and emotion.

There are several questions to ask your adult siblings, which may help repair and strengthen your relationships.

1.) What can I do to help us grow closer? This question opens the door to issues that you may not know exist. It may give your sibling the ability to finally open up about something that is bother them, and in turn, the ability to work through the issue.

Do I qualify for Chapter 7 Bankruptcy? One of the main factors in determining whether or not an individual qualifies for a Chapter 7 bankruptcy, is whether your household income is under the median family income amount.

For cases filed on or after November 1, 2017 in Michigan, the following are the median incomes by family size:

1 earner: $48,626

Getting divorced at any age creates profound stress and uncertainty. However, this is even more so for older individuals. There are several considerations to help prepare yourself from financial pitfalls.

1.) Create an inventory of all assets, before meeting with your attorney. You should know how each asset is titled (jointly or individually).

2.) Be mindful of past employment and any pension or stock options that you may have.

Once your divorce is final with the Court, there are several things you should do to wrap up any lose ends. Below is a checklist of some post-divorce issues you may encounter:

1.) Look after your credit. Cancel joint credit cards, and ensure that you are aware of all of your old and new obligations.

2.) Update your estate plan. Ensure that you have removed your ex-spouse from your Will, Trust, and Powers of Attorney – both as a fiduciary and as a beneficiary.

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