Short Sales and Straw Men

A prospective client contacted me regarding the purchase of a house being sold at “short sale.” The prospect explained that the property owner is a relative, and the money to buy the property would be coming to the prospect through other relatives. The family desires to keep the property owner in the house after the […]

“I Don’t Want To Include My House In My Bankruptcy!”

And so began my conversation with a caller who wanted information regarding bankruptcy. He explained that he and his wife are afraid they will lose their house if their lender discovers they filed for bankruptcy. What bankruptcy filers sometimes don’t understand is that under the bankruptcy code, all of their assets and debts must be […]

2015 Retirement Plan Contribution Limits Released.

The US Treasury Department recently announced its inflation adjusted amounts for retirement account contributions for 2015. Among the details: IRAs: The limit on annual contributions remains $5,500 (no change for the third year in a row). 401(k)s: For employees who participate in 401(k), 403(b), most 457 plans, and the federal government’s Thrift Savings Plan, the […]

Sad, Maddening, And Possibly the Longest of Long Waiting Lines.

The Social Security Administration judges who hear appeals for disability benefit claims are a staggering 990,399 cases behind. According to a recent Washington Post story, the Social Security Administration first fell behind during the administration of President Ford – almost 40 years ago! The primary factors identified in the story as contributing to the backlog: […]

Michigan Right-To-Try Law Enacted

  A law giving terminally ill patients in Michigan the opportunity to try experimental drugs and other treatments was signed into law by Governor Rick Snyder earlier this week. The “Right-to-Try” Act gives those suffering from advanced illnesses the choice to try experimental drugs and similar treatments which have yet to be approved by the […]