Biddinger, Schrot & Rolando, PC. Estate Planning and Elder Law Attorneys

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Posts in category: Assets

Estate Planning for Couples Marrying Later in Life

April 25, 2023
by Michelle P. Biddinger AssetsEstate PlanningWills

Here are some factors to consider when marrying, or remarrying, later in life. Should You Have a Prenuptial Agreement? In most situations, the answer is yes, particularly if you and your betrothed have children from previous marriages, a disparity in fi

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How Should I Incorporate Tax Deferred Assets into My Gifting Plan?

October 25, 2021
by Rachel M. Estelle AssetsEstate Planning

In Michigan, you have many things to think about when you first approach your estate plan. You want a plan that will help you enter retirement so that you can not just survive, but thrive financially. You want to know that you’ve taken proactive measures

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Will an Underage Trust Beneficiary Receive Assets in Michigan After I Pass Away?

June 1, 2021
by Rachel M. Estelle AssetsBeneficiariesEstate Planning

Creating a will likely means that you’re going to include some or all of your children in it with the intention that you will be around for many years to come. Since children are not able to inherit most property directly, you’ll want to know what happens

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What Does It Mean to Say the Trustee is a Fiduciary?

November 3, 2020
by Gregory S. Schrot AssetsEstate PlanningTrustee

When you create a trust, an important part of that process is selecting who will serve as the trustee of the assets placed inside. If you’re not familiar with the importance of this role and what it means to be a trustee, this blog will help. A trustee

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A Gifting Guide for 2020 With Tax Implications

August 6, 2020
by Michelle P. Biddinger AssetsElder LawTax Planning

Gifting assets can have big benefits in terms of income taxes and estate taxes for both the person receiving the gifts as well as the person making the gifts. In 2020, you are eligible to gift up to $15,000 per calendar year to any number of individual pe

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Recent Posts

  • Do You Need a Trust? May 24, 2023
  • Know Your Options: The Spectrum of Long-Term Care May 11, 2023
  • Estate Planning for Couples Marrying Later in Life April 25, 2023
  • Reward Your Pet with the Best Treat of All—a Pet Trust April 6, 2023
  • Alzheimer’s Disease: Facts Versus Fiction, Continued March 31, 2023

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