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Acosta Law Firm - Estate Planning & Elder Law

Acosta Law Firm

Estate Planning and Elder Law

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wealth transfer

Study Shows Americans Are Not Ready for Significant Transfer of Wealth

March 12, 2024
by SM_Admin Estate Planning

The great wealth transfer is among us, with significant money to be passed on from retiring and older baby boomers to their younger beneficiaries in their family. However, a recent study from Edward Jones shows that the vast majority of families, incl ...

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assets

What About Assets I Did Not Specifically Name in My Will?

February 6, 2024
by SM_Admin Assets

Working with an estate planning attorney helps you to cover all of your bases with the estate planning process, so that you have clarity on what will happen to your assets, who will step in to make important decisions on your behalf and who will handl ...

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estate planning

Three Simple Methods for Basic Michigan Estate Planning

January 8, 2024
by SM_Admin Estate Planning

The word estate is used to describe all of the property and money that is owned by a person, such as their assets. Estate planning is the process used to leverage various strategies and tools to ensure that the goals you have for your assets and your ...

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will

Two Reasons Why a Will Doesn’t Do Enough

January 2, 2024
by SM_Admin WIll

  Many people confuse a will and estate planning. A will is one component of an estate plan. It might be all that you need, but there’s a good chance you need to work with a Plymouth, MI estate planning attorney to determine the full extent of ...

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estate

Three Challenges of Planning for High Value Real Estate

December 4, 2023
by SM_Admin Estate Planning

The future of high value real estate can have significant implications for your loved ones, especially if you intend to pass it on to them as part of your estate. There are many unique questions that must be answered in this process, and you can ease ...

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will

These Three Components Should be Included in Your Will

October 30, 2023
by SM_Admin WIll

Your will is your formal legal document that names your intentions for your assets after you pass away, but it can also cover other important aspects of estate planning. Finding an estate planning lawyer in your region to sit down with you and walk th ...

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estate planning

Four Reasons a MI Estate Planning Attorney May Recommend a Trust

October 9, 2023
by SM_Admin Estate Planning

As you contemplate the process of passing on assets to beneficiaries, there are many different strategies that you can use to achieve these goals. Trusts are a vital estate and financial planning tool and may be recommended to you by your estate plann ...

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medical decisions

Making Important Medical Decisions About Care Types: What to Know

October 2, 2023
by SM_Admin Durable Power of Attorney

You may have specific wishes about the care you do or do not want to receive should you become critically ill. The time to have this conversation with your loved ones is not after it happens to you, when you may be unable to speak for yourself. There' ...

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will michigan

Is My Out-Of-State Will Valid In Michigan?

September 5, 2023
by SM_Admin WIll

Are you a new resident of Michigan? Moving to a new state comes with a multitude of tasks, from changing your address to unpacking boxes and setting up utilities and Internet in your new home. It's easy to overlook the need to review your existing ...

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probate

How Can I Avoid Probate with My Estate?

August 30, 2023
by SM_Admin Estate Planning

One of the most common questions asked of estate planning attorneys relates to the avoidance of probate. Probate is the formal and often required legal process for administering your estate after you pass away. It can be time consuming, expensive and ...

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