It’s a good idea to update your estate plan after major life events, like a marriage, divorce, the birth of a child, or a death in the family. It’s sometimes a good idea to double-check your estate plan before traveling too. Unfortunately, accidents can happen on a long trip, so… Read More
A will should include all of your assets and how you want them to be distributed after your death. You should also make your final wishes known, like how you would like to be buried and who should be responsible for executing your will when you are gone. You may… Read More
When you give a gift of a certain amount, it may be subject to a gift tax. Fortunately, there are a few ways to avoid this tax and generous limits on how much you can gift to family members each year. If you are looking for a way to pass… Read More
Different states have different rules and laws, and some people are surprised to learn that some of these regulations can apply to their estate plans. If you have created a plan in another state and then move somewhere new, you may need to make some updates in order to stay… Read More
When you are making an estate plan, you may want to consider forming a trust or even multiple trusts. There actually is no limit to how much money you can place in a trust, so it’s a useful estate planning tool whether you are trying to pass on your assets… Read More
Many kinds of trusts can be used to protect your assets. A Washtenaw County trusts attorney from our firm can guide you through the estate planning process and help you find an arrangement that works best for you. One good option might be a QTIP trust, which allows you to… Read More
If you are making an estate plan of your own, you may be looking for ways to lower the tax burden on your beneficiaries and protect your assets from anyone will ill intentions. What if we told you that a family LLC can help you do both? Our estate planning… Read More
When you made an estate plan, you probably realized that you should account for your business and its assets as well. Did you remember everything though? One thing that people tend to overlook is the digital assets of their business. Your company should have a digital estate plan too, and… Read More
When someone passes away, their property is distributed through the probate process. If there are any conflicts between family members or issues with creditors, these will have to be hashed out during this process. You probably want to make sure that everything goes smoothly, so it’s a good idea to… Read More
A healthcare proxy is someone that you select who can step in for you and make medical decisions for you if you are unable to make them for yourself. If you do not have a proxy, you could end up in a situation where your family members fight over what… Read More
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