Currently browsing Estate Planning

Hope for the Best, Plan for the Worst

When life happens, are you prepared? Do you just react to life events or do you have a plan in place? By being proactive, you can soften the adverse effects of unexpected events. Last week, we had an unanticipated event …

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Why Would I Want to Go Through Probate

I had two clients come through our offices last week in which both plans are designed and intended to go through probate after death. For most of our clients, avoiding the time, cost and lack of privacy of probate court …

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Protecting Special Needs Inheritances

I had a client come in this week who was the Social Security Payee for her disabled daughter. Her daughter was on Social Security Disability, Medicare and Medicaid. The father of her daughter recently passed away and was leaving a …

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Social Security Myths

Last week, I attended the State Bar of Michigan Elder Law and Disability Rights Section 16th Annual Spring Conference in Plymouth, Michigan. One of the presenters at the conference was Daniel D. McHugh, a Certified Financial Planner® and Certified Public …

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Creditor Protection Using Trusts

Trusts can be very effective creditor protection tools. We use them all the time for this purpose. However, there is one trust, that although it can provide fabulous creditor protection for other trust beneficiaries, it does not provide any creditor …

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Making Your Trust Work by Funding it

We had one of our clients in this week for a trust review. She said that estate planning and trusts have been regular topics of discussion with her friends. They all have trusts which have been drafted by different attorneys. …

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Does Your Trust Plan Have These Options?

We regularly to get people coming into our office with existing trust-based estate plans. These plans are typically prepared by their previous divorce attorney, real estate attorney, the family lawyer or other general practitioner. When we review these plans, rarely …

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