People are living longer. The fastest growing segment of the U.S. population is people over 80. Because of this fact, more people require more medical care. Medicare and Medicaid cannot keep up with the increased demand and are cutting benefits. Long term care insurance is one alternative.
Probate can be a frustrating and complicated process. It can also be expensive. The most expensive part of probate administration is the attorney fee. Do you need to pay this or can you handle probate on your own? These are the factors to consider.
There are two basic types of probate proceedings in Michigan. Someone suffering from legal incapacity, (such as a minor), may require a guardian and or conservator. Also, when someone has died, the probate court may be needed to transfer title to their assets. This guide deals with both proceedings.
EVERY person should have a General Durable Power of Attorney in place that names someone to handle their financial affairs and medical treatment decisions, in the event he or she becomes incapacitated. If someone does not have this document, then probate proceedings will be neces...