The SECURE Act (Setting Every Community Up for Retirement Act) passed into law effective January 1, 2020. Although it is uncertain how the act was named, it is certain that this act will significantly impact estate, tax and income planning for baby boomers and their children. This act will force…
Articles Posted in Estate Recovery
Michigan Estate Recovery and Your Home
Are you residing in Macomb, Oakland, Wayne, Ottawa or Kent County? Do you have a loved one or family member residing at a nursing home? Does he or she currently receive benefits from the State of Michigan in the form of long-term care Medicaid for nursing home care? If the…
Michigan Estate Recovery
Confused about Estate Recovery in Michigan? Apparently, so is the State of Michigan. After several years of thumbing its nose at CMA, the State of Michigan finally adopted an estate recovery program. The legislature enacted law requiring estate recovery for long term care Medicaid recipients. The end result is that…
Michigan Estate Recovery – not here…not yet?
In November of last year, the State of Michigan adopted a new estate recovery law. For those of you unfamiliar with the concept, “estate recovery” is a term that describes the State’s ability to recover funds from people that have been approved to receive Medicaid benefits for nursing home care.…