Entries by Tom DelPup

A Savior Is Born Unto You

“And there were in the same country shepherds abiding in the field, keeping watch over their flock by night. And, lo, the angel of the Lord came upon them, and the glory of the Lord shone round about them: and they were sore afraid. And the angel said unto them, ‘Fear not: for, behold, I […]

We Can Read Your Writing, We Can’t Read Your Mind

Lyle and his son, Steven, purchased a house in 2007, which became Lyle’s personal residence. The title to the property was conveyed to: “Lyle, a single man, and Steven, a single man.” Lyle passed away several years later. The Michigan Department of Health and Human Services (DHHS) filed a claim against Lyle’s probate estate for unpaid […]

Tips for Navigating Medicare Open Enrollment

Medicare’s annual open enrollment period closes on December 7 this year.  During open enrollment, Medicare enrollees can shop for new prescription drug (Part D) or Medicare Advantage coverage. Medicare enrollees may be able to save hundreds of dollars on premiums and out-of-pocket costs by doing a checkup on their coverage and making necessary changes during […]

Michigan Launches the MiABLE Account Program.

Michigan’s ABLE account program (“MiABLE”) has gone into effect. The program launched November 1, 2016. MiABLE program accounts are modeled after 529 college savings accounts, and are meant to help persons with disabilities save money in their own names and allow tax advantaged distributions for certain expenses including housing, transportation, health and wellness, education and […]

Critical Post-Divorce Estate Planning Moves

Divorce can be a traumatic event.  But you cannot rest once the divorce is final.  You must immediately take action to update your estate plan to reflect your new marital status. A short article in Forbes online does a good job of summarizing what must be done with an estate plan following divorce. You need to review […]

Short Term Care Insurance Becoming More Popular

According to an article at Financial Advisor online, more seniors are purchasing short-term care insurance policies to help with the costs of care. As the name implies, a short term care policy generally provides coverage for a maximum of 360 days, and can pay for assisted living, home care assistance and skilled nursing home care costs. Short-term […]

Do You Know These Social Security Rules for Retirees?

Social Security is the largest public benefits program in the United States, paying money to more than 59 million beneficiaries every year.  It’s also one of the most complicated.  So it helps to know how the system works. A good article at www.mysanantonio.com covers 5 rules about Social Security retirement benefits every retiree should know: How to […]

5 Ways to Put Your Tax Refund to Good Use This Year.

Expecting a big, fat refund from the government this year? Rather than spending it on something frivolous, put it to a good long term use. Here are 5 effective ways to use your tax refund to improve your financial health: 1. Pay off a credit card. A tax refund can jump-start a debt repayment plan. If you carry a […]