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 ...
Four Reasons a MI Estate Planning Attorney May Recommend a Trust
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 ...
How Can I Avoid Probate with My Estate?
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 ...
What Lessons Can You Learn from Aretha Franklin’s Estate Planning?
When Aretha Franklin passed away five years ago at the age of 76, there was no typewritten or formal will. At that time her net worth was estimated at $80 million. However, updated valuations, back taxes owed, and lawyer fees now make the estate worth ...
Why Do Your Estate Planning Now? Putting Urgency to Your PlanĀ
For most younger people, especially single individuals with no children, it may seem as though estate planning is something that can be put off for many years or even decades. It may seem unnecessary to you, but it is far better to do your estate plan ...
What Is the Estate Tax?
If you're thinking about planning ahead for your financial future in your own life and what happens to your assets after you pass away, you may be curious about the potential impact of the estate tax. Understanding the Estate Tax The U.S. estate tax is ...
Have You Thought About Or Documented Immediate Action Steps If You Were To Pass Away?
The process of estate planning asks you to think about many things that are important to you, the assets you own, the liabilities that may be owed to creditors, and what you want to happen to your property after you pass away. However, there may also be m ...
Why Create a Revocable Living Trust in Addition to A Will?
Many different estate planning tools can be used to help you accomplish your overall goals. These may address individual aspects of your estate plan but also work together to ensure that your bigger goals are addressed and achieved during your life and af ...
Can My Roth IRA Be An Estate Planning Tool?
Roth IRAs allow you to pass along as much wealth as possible to your heirs if they are structured appropriately. With the SECURE Act, the opportunity to use a Roth IRA as an estate planning tool increased significantly. This is because your beneficiaries ...
What Does It Mean To Say A Power Of Attorney Is Springing?
Writing a power of attorney is an important part of your estate plan. This ensures that you have appointed a chosen and trusted agent to step in and manage your affairs on your behalf if you're unable to do so. There are many different terms that can b ...