There are many misunderstandings and misconceptions regarding hospice care. You have heard about hospice care and that it has something to do with end of life. But do you really know what it is? The US Code of Federal Regulations …
Articles
Should You Share Your Estate Plan?
You have been raised in a family who does not talk about money. You have been taught that money matters are private and not to be disclosed to others, not even parents, children or siblings. They’re your assets and your …
When Do You Pull the Plug?
If you were being kept alive artificially after becoming mentally and physically incapacitated permanently, would you like your loved ones to be able to make decisions for you? Would you like the artificial life support to be withheld or withdrawn …
Protecting Assets in the Event of Nursing Home Admission
If you went into the nursing home, would you like your assets go to the nursing home or to your loved ones? This is a question that we ask each of our estate planning clients. For most all of our …
IRA Hot Topics
Frequently there are issues that come up in our office that affect the taxability of IRA distributions. We regularly get questions from our clients regarding their IRAs and the options that are available to them and who they should name …
Why Should You Update Your Estate Plan?
When was the last time that you took a look at or updated your estate planning documents? I read about a survey not too long ago which found that the average time between estate plan updates was almost 20 years. …
Reasons to Choose a Professional Trustee
When you do your estate plan, you have to choose someone to handle your property and financial affairs during your mental disability as well as after your death. You may be tempted to name your spouse or the kids in …
What Do We Do with the Mobile Home?
This past Thursday, I spent the day in Livonia teaching a continuing professional education class about estate administration for the Michigan Association of CPA’s. One of the topics I discussed with a room full of CPA’s was the transfer of …
Will or Trust – Which is Best?
Last week, one of the questions we discussed that I and my partner Buzz Suuppi get all the time is: How much assets do I need for a trust? What we are really being asked is: Should my estate plan …
Top Five Estate Planning Questions
Because of all the estate planning that we do, we get a lot of estate planning questions on a daily basis. In today’s column we are going to discuss the top five estate planning questions that we regularly get in …