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
If you have a business, you probably realize that you have to make some kind of plan for what happens to it when you pass away. Your estate plan, the one that you would use to handle all of your personal assets, can actually be quite useful here. When you… Read More
When you pass away, the federal government can tax your estate if it is large enough. Understandably, most people would rather leave their money and assets behind for loved ones. Fortunately, there are legal ways to reduce how much you can owe in estate taxes. The Washtenaw County asset preservation… Read More
When you are starting the estate planning process, you should make sure that you are taking steps to protect assets from a lawsuit. A lawsuit can happen when you are alive or shortly after your death if there are any squabbles over pieces of your estate. A properly made estate… Read More
If you pass away without an estate plan, what happens to your assets and any items you want to pass down to family members and loved ones does not really matter. With no formal plan in place, the court gets to decide what happens to just about everything you own.… Read More
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Estate planning can be complicated, so it’s no surprise that some people have misconceptions about living trusts and other popular estate planning… Read More