Posted by Andrew R. Byers | Sep 28, 2024 |
As an elder law attorney in Michigan, I've seen firsthand the health issues that often lead seniors to require nursing home care. While aging doesn't necessarily mean a move to a nursing facility is inevitable, certain conditions can make it necessary for older adults to receive round-the-clock c...
Posted by Andrew R. Byers | Aug 29, 2024 |
Michigan's recently updated Power of Attorney (POA) law brings important changes that may affect how your estate is managed in the future. Whether you're drafting a new POA or revisiting an existing one, it's essential to understand these changes to ensure your wishes are fully honored.
Posted by Andrew R. Byers | May 20, 2024 |
Recent reports in the news have highlighted the negative impact of Medicaid estate recovery on families, prompting discussions about the possibility of abolishing this practice.
What is Medicaid?
Medicaid is a U.S. federal government program, administered by the states, that provides health car...
Posted by Andrew R. Byers | Apr 29, 2024 |
The probate process can seem daunting, especially when navigating the myriad of assets left behind by a loved one. While many assets pass through probate, some may bypass this legal process altogether. Understanding this distinction is crucial for beneficiaries and executors. Let's explore these ...
Posted by Andrew R. Byers | Mar 27, 2024 |
Are you part of the growing number of people in Troy who invest in cryptocurrency? Then there's a crucial question you need to ask yourself: "Who has access to my crypto keys?" As any savvy Troy estate lawyer will tell you, leaving your digital assets to loved ones is more complex than traditiona...
Posted by Andrew R. Byers | Feb 24, 2024 |
When you're working with a Troy trust attorney, it's crucial to understand what you can include in your trust document. Let's explore the variety of instructions or restrictions that can make your trust truly yours, ensuring your legacy is managed just the way you envision.
Tailoring Your Trust:...
Posted by Andrew R. Byers | Jan 24, 2024 |
As we age, companionship and shared responsibilities become more valuable. Many seniors are choosing cohabitation over solitude for mutual support and to cut costs. However, this arrangement brings about some legal nuances that need addressing. Based on my experience as an elder law attorney in T...
Posted by Andrew R. Byers | Dec 16, 2023 |
When the time comes to consider assisted living for a loved one in Troy, families often find themselves with a list of questions and concerns. It's a big transition, and understanding the financial implications is crucial. Here's where a Troy elder lawyer can offer clarity and guidance to help yo...
Posted by Andrew R. Byers | Dec 02, 2023 |
When you're named a beneficiary of a trust, it's natural to have questions about your inheritance and the trustee's actions. Knowing your rights is essential in ensuring transparency and fair management. Here, Andrew Byers, a Troy trust lawyer shed light on the powers and responsibilities at play...
Posted by Andrew R. Byers | Nov 17, 2023 |
Many people mistakenly believe that without direct heirs—like children or grandchildren—there's no need for estate planning. However, the reality is quite different. Even if you don't have immediate family to inherit your assets, deciding how your estate will be distributed is crucial. If not, yo...
Posted by Andrew R. Byers | Nov 13, 2023 |
When it comes to estate planning, ensuring that your Last Will and Testament is legally valid is paramount. One of the key components of a valid Will is having witnesses present during its signing. But why is this step so crucial? Our Troy estate lawyer delves into the importance of having witnes...
Posted by Andrew R. Byers | Oct 11, 2023 |
The loss of a loved one is always a challenging time. Amidst the emotional turmoil, there are several practical tasks that must be undertaken. One of the foremost among these is obtaining the deceased's death certificate. As your local Troy estate lawyer, I'm here to guide you through the process...
Posted by Andrew R. Byers | Sep 25, 2023 |
Inheriting an asset can be a mixed blessing. While it might signify a meaningful bequest from a loved one, it also comes with its own tax implications. One of the most significant tax features to understand when inheriting property is the "step-up in basis". As an estate planning attorney in Troy...
Posted by Andrew R. Byers | Sep 12, 2023 |
When navigating the intricacies of Medicaid, particularly when planning for long-term care, you'll encounter terms that might be unfamiliar yet profoundly influential. One such term is "community spouse." As your local Troy elder law attorney, I'm here to demystify this concept and its implicatio...
Posted by Andrew R. Byers | Aug 25, 2023 |
Inheriting assets is a mix of honor and responsibility. As a Troy probate lawyer, I've seen many people unprepared for the implications of managing their inheritance. The inclination to treat an inheritance as "bonus" money is common, but there are many pragmatic ways to use these funds for futur...
Posted by Andrew R. Byers | Aug 21, 2023 |
For many retirees, dividing time between two beloved locations is the dream. Known as "snowbirds," these individuals enjoy northern US states in the summer before flocking to warmer climes come winter. For residents of Michigan, snowbird time is usually spent in Florida, South Carolina, or Arizon...
Posted by Andrew R. Byers | Aug 07, 2023 |
Going through a divorce is an emotionally charged, challenging process. Amid the whirlwind of legal proceedings, contacting an estate planning attorney might not be at the top of your to-do list—but it shou...
Posted by Andrew R. Byers | Jul 28, 2023 |
Estate planning can seem daunting with its complex terminology and numerous components. But don't worry, this guide from a Troy, Michigan estate planning attorneys guide is here to help you navigate the basics.
What exactly is estate planning?
Let's define the term to make it clearer. Estate...
Posted by Andrew R. Byers | Jul 23, 2023 |
This blog post discusses how an elder law attorney can help residents of Troy, Michigan and the rest of Oakland County.
Posted by Andrew R. Byers | Jun 26, 2023 |
Advances in technology may help offset the problems caused by a lack of caregivers and help older people remain in their homes.
Posted by Andrew R. Byers | May 18, 2023 |
When older people cannot manage their finances, a probate court can appoint a conservator.
Posted by Andrew R. Byers | Apr 08, 2023 |
The guardianship system for incapacitated adults in Michigan has faced criticism for several issues.
Posted by Andrew R. Byers | Mar 31, 2023 |
This blog discusses issues to consider when acting as a caregiver for a family member.
Posted by Andrew R. Byers | Feb 28, 2023 |
This blog is about the requirements to claim your parent as a dependent on your federal income tax return.
Posted by Andrew R. Byers | Jan 20, 2023 |
This article discusses the differences between assisted living and nursing homes.