Showing 15 posts in Did you Know?.
In Michigan, the age of majority is 18 years. This means that when a person turns age 18, they are no longer a minor and are considered to be a legal adult. Consequently when your child turns 18, you no longer have the legal authority to make decisions for him or her, including financial and health care decisions. Read More ›
Occasionally clients will request, for one reason or another, that I mail them the originals of the estate planning documents I prepared for them so that they can have them executed outside of my office at a bank or some other financial institution. Read More ›
Categories: Did you Know?, Estate Planning
Many corporate clients ask why they should spend the time and money to maintain a corporate minute book. This is especially common in small or family-run operations. Other corporate clients don't even bother asking the question, they simply don't do it. Read More ›
In 2021, Michigan passed the Financial Exploitation Prevention Act (FEPA or Act) which took effect last September. FEPA sets forth new requirements on financial institutions to report financial exploitation of vulnerable adults to adult protective services and law enforcement in Michigan, and was a result of work led by the Department of Attorney General’s Elder Abuse Task Force. Read More ›
According to Michigan.gov, Michigan has over 1.2 million drivers that are age 65 and older. By 2025, it is expected that one in five drivers will be 65 and older. This is a trend that is sweeping across the country with more older drivers on the road than ever before. A person's ability to drive can mean everything to them; it serves not just as a means of getting from Point A to Point B, but it also represents their independence and personal freedom.
However data shows that driving gets riskier with age and while old age alone is not a reason to stop driving, a number of physical and mental conditions, such as dementia and vision/hearing impairment, can lead to an unsafe driver getting behind the wheel and possibly hurting themselves or others. So at one point does it become obvious that a senior driver must be told to give up the keys? Read More ›
Categories: Did you Know?, Elder Law
A year filled with many challenges, the end of 2020 draws near. We are, however, still far from being out of the woods. It would be a massive understatement to say that the last nine months of adapting to the "new normal" have been exhausting. Read More ›
Categories: Did you Know?
Various programs have recently been enacted in Michigan for the purpose of preventing and/or minimizing some of the challenges facing seniors in an effort to help them maintain a high quality of life. Read More ›
As parents age and require more assistance, the adult children who care for them may find themselves in a complicated predicament. Read More ›
Categories: Did you Know?, Elder Law
In the state of Michigan, nearly 2.5 million people are provided health care under Medicaid. This includes low-income adults, children, senior citizens and people with disabilities that depend on the federal and state program for access to health care as well as long-term services which include basic life functions such as meal prep, bathing/dressing and administering medication. For those not familiar with the eligibility aspects of Medicaid, click here to view the video “An Introduction to Medicaid.” Read More ›
Gift cards; while they are a great means of acknowledging someone's birthday, anniversary, or simply to say "thank you," they are also rapidly becoming a means for con artists to scam unsuspecting individuals, especially seniors. Read More ›
Due to the shock of the death of a spouse or a loved one, the steps of what needs to be done first can be an overwhelming process for the survivor(s). To aid in the breakdown and to act as a tool amidst the emotional days ahead, estate planning Jonathan "Jay" David has assembled a "Survivor's Checklist" of some of the important things that need to be addressed when a spouse or loved one dies.
COVID-19 Checklist & Elder Organizer Tool
For adult children responsible for their elderly parents and other senior caretakers concerned about protecting loved ones as the COVID-19 pandemic continues, below is a free downloadable checklist of steps to follow to prepare for any possible COVID-19-related illnesses among the most-vulnerable.
Foster Swift has created a free ‘Elder Organizer’ digital notebook to provide seniors and their caretakers with a toolkit that helps organize doctors’ appointments, medications, and more that can be shared online. The tools below are also available on the Elder Law Resources page.
*For those trying to access these links by smartphone, it is best practice to copy/open the link in a separate tab and download the free Google Sheets app from Google Play or the Apple Store.
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E-book Covers Estate Planning Essentials
Engaging in estate planning, while essential, is often emotional and generates many questions. How do I protect my spouse and my children if something happens to me? What happens if I become disabled before I pass on? Who will take care of my pet after I'm gone? How do I pass my business on to my children? These questions and more are addressed in Jonathan David’s recently updated e-book, “Estate Planning: You Have to Start in Order to Finish.”
Need Help Planning?
For more tools, visit our Elder Law Resource page for additional content. Click here to view/download the Foster Swift estate planning brochure to see what our experienced team of attorneys can do for you.
Meet the Team
Watch attorney Matthew Fedor explain a brief overview of elder law and how it can help either your or your loved ones.