Biddinger & Estelle: Estate Planning & Elder Law Attorneys

Biddinger & Estelle, PC

Michigan Estate Planning Attorneys

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Posts in category: Estate Planning

Choosing a Guardian for Minor Children

January 24, 2023
by Michelle P. Biddinger Estate PlanningGuardianship

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

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The New Year is a Great Time to Review Your Estate Plan

December 27, 2022
by Gregory S. Schrot Estate Planning

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

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The Risks of Giving Adult Children an “Advance” on Their Inheritance

December 8, 2022
by Michael A. Rolando Estate Planning

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

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‘Tis The Season To Give, But What About Gift Taxes?

November 22, 2022
by Michelle P. Biddinger Estate Planning

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

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Do You Need a Prenuptial Agreement?

October 14, 2022
by Michael A. Rolando Estate Planning

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

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Six Reasons to Revise Your Estate Plan

September 12, 2022
by Rachel M. Estelle Estate Planning

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

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Seize Control Over Incapacity with Durable Powers of Attorney

August 24, 2022
by Gregory S. Schrot Estate PlanningPower of Attorney

Incapacity is defined, from a legal standpoint, as the inability to make sound decisions regarding one’s personal or financial affairs. Failing to plan for the possibility of incapacity in advance can create significant problems for seniors and their love

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Introducing Guidr – Online Estate Planning with your Local Attorney!

August 10, 2022
by Michael A. Rolando Estate PlanningPower of AttorneyWills

Have you ever thought: “I’m too young to need an estate plan.” “It’s easier for me to research and create my own estate plan, rather than sitting down with a lawyer.” “I don’t have enough stuff to worry about Estate Planning” “I don’t have

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The Trouble with Joint Tenancy

July 26, 2022
by Michelle P. Biddinger Estate Planning

Although Joint Tenancy offers some short-term conveniences, in the long run it poses a host of problems that can cost you and your loved ones the expense and headaches you thought you were avoiding. For the vast majority of American Couples, “Till Death

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Make Sure Your Revocable Living Trust Is Properly Funded

July 12, 2022
by Rachel M. Estelle Estate Planning

You’ve taken the time to plan for the financial well-being of your loved ones and yourself. You’ve created a customized estate plan to address your goals and concerns. Your plan includes one of the most powerful estate planning tools out there, the Revoca

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Recent Posts

  • Choosing a Guardian for Minor Children January 24, 2023
  • ATM Skimming—Yes, It Could Happen to You January 10, 2023
  • The New Year is a Great Time to Review Your Estate Plan December 27, 2022
  • The Risks of Giving Adult Children an “Advance” on Their Inheritance December 8, 2022
  • ‘Tis The Season To Give, But What About Gift Taxes? November 22, 2022

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