Dower is a widow’s right to a one-third life estate in real estate owned by her deceased husband during marriage. A wife’s dower had been recognized in Michigan since the time it became a state in 1857. Michigan was the only state that had dower but not curtsy – a husband’s right to an interest in his wife’s property. By definition, dower only applied to a widow and many anticipated potential constitutional issues for dower in light of the recent U.S. Supreme Court decision legalizing same-sex marriage. On January 5, 2017, Governor Snyder signed legislation eliminating dower except for a widow whose husband dies before the effective date of the law – 90 days from January 5.
The Consumer Financial Protection Bureau has released three helpful resources on reverse mortgages. The first addresses the issues of using a reverse mortgage to delay taking Social Security. The second resource provides an overview on many important concepts regarding reverse mortgages. The final resource is a two minute YouTube video that provides a limited overview […]
Kaiser Health News reported that in 2016 nearly 600,000 seniors took advantage of end of life consultations that are now covered by Medicare. 2016 was the first year health care providers were allowed to bill for the service and the number of seniors who used the service nearly doubled the 300,000 that was projected by […]
A durable power of attorney – where an agent is appointed to handle the financial affairs for someone who can no longer make such decisions for themselves (known as a principal) – has been used for decades. Years ago, these documents were rarely ever challenged or exploited. Unfortunately with the rise of elder abuse, banks […]