Sending a child off to college is a stressful and hectic time for parents. After you’ve helped your child choose the best college, moved him or her into their new apartment, and generally done all you can to ease their transition to life away from home, imagine the following scenario: You get a call informing you that your son or daughter has been in an…
Caregiver Gets to Keep IRA
In a recent decision by the Michigan Court of Appeals in the case In re Cederquist Revocable Trust, a caregiver hired to care for an elderly man was allowed to keep his IRA after he died, because he had made her the primary beneficiary of the account before he passed. The decedent’s children alleged that the caregiver…