Michigan Estate Planning & Elder Law Attorneys
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Many clients ask if they need a trust. It's a great question, but it leads to another: What do you want your plan to accomplish? There are many types of trusts, but when people talk about a trust, they are usually thinking of a Revocable Living Trust.
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
According to the American Humane Society, approximately 46 percent of households have at least one dog and 39 percent of households have at least one cat. We love our pets, and they provide us with plenty of love in return. Tragically, however, shelters a
Numerous studies have shown that Americans’ greatest fear regarding retirement is running out of money. Even so, myths abound about planning for retirement, Social Security, the cost of medical care, and more. Let’s explore the reality behind some of the
If something terrible happened to you and your spouse, who would raise your children? It’s not something anyone wants to think about, but we should plan for it. By naming a guardian for your minor children, you can help ensure they will be raised accordin
We would like to add one more item to your list of New Year’s resolutions—reviewing your estate plan. Why is it so important to keep your plan up to date? In a word, change. As you grow older, your needs inevitably change. So, too, does your health, yo
There are many reasons you might consider giving your adult children a portion of their inheritance now, while you’re alive and well. Maybe you’ve seen your nest egg grow thanks to a robust stock market, and you have more in savings than you thought you w
It’s the time of year for giving...but do I have to pay a gift tax on monies I gift to family or friends? The short answer is “it depends.” The gift tax exclusion is increasing in 2023 to $17,000 (the current exclusion is $16,000 in 2022). This means yo
Okay, so you popped the big question, and he or she said yes! Whew, what a relief! Now there’s so much to do, so many plans to make: the guest list, the invitations, the reception, the band, the cake, the honeymoon… the prenup? While it is hardly the mo
For your estate plan to meet your needs, it must be kept up to date. We recommend having your plan reviewed at least once every two years, but there are certain situations where you should have your plan revised immediately. Here are some of the most comm
