Why is it not a good idea for adult children to put their names on their parents’ bank accounts?

It is fairly common for an aging parent to add a child’s name (sometimes more than one child) as a joint owner on the parent’s bank accounts.  The arrangement is usually viewed as a simple and inexpensive solution to the concerns, such as someone needing to be able to pay bills when the parent is ill or hospitalized, funerals are expensive and money will be needed immediately, the account will […]

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Gene Richards Featured on “The Lawyers” Radio Program

Curt Benson, an attorney in our Grand Rapids office, hosts a popular syndicated radio program, The Lawyers, which airs on Newsradio WOOD 1300 and 106.9 FM.  On the program, Mr. Benson interviews professors, judges, lawyers and lawmakers on legal issues in the news. He recently sat down with Gene Richards, a partner in our Livonia office, to discuss a variety of estate planning and elder law issues, legal updates, and […]

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