You’re on vacation, or maybe even your honeymoon, at a wonderful resort. You are offered a free night of your stay if you sit through a two hour presentation. You could actually buy a piece of the resort in one …
Currently browsing Estate Planning
Do You Need To Update EP
Last week we discussed updating your estate planning documents and some of the reasons you should update. As we also discussed, if you are over the age of 18, at a minimum, you should have a will, a financial power …
Don’t Forget to Update Your Estate Plan
You completed your estate plan years ago when the kids were little. You even named a guardian for them in the event you could not care for them. The kids are now in their 40s and have children of their …
Hiring Caregivers In The Home
Last week we discussed family members coming in to take care of Mom or Dad in their home when they are unable to care for themselves. But what if you are the primary caregiver and can’t quit work to care …
Estate Planning With No Kids
Recently, I spent a few days on a boat in Lake Huron with a friend of mine who has no children. It got me thinking. I have never written a column specifically directed at the issues that may be encountered …
Jul Savvy Powers of Appointment Changing Irrevocable Trusts
You have a revocable living trust. You can change it, amend it or revoke it while you are alive and well. So long as you are not mentally disabled, you can do what you want with your trust. However, as …
Importance of Funding Your Trust
You brought home your brand new trust. It sure looks great. It may be in a shiny new binder with tabs and everything. But how do you know your trust is going to work? And you got your trust at …
Unrecorded Deeds Bad Bad Bad
“I want my house to go to my kids after I die, but want to avoid probate. Can’t I just sign a deed now that transfers the house to the kids and keep it with my other important papers along …
Providing for Special Needs Loved Ones
You may have a special needs child or other loved one who is developmentally disabled and/or legally incapacitated. As a result of this disability or incapacity, your child or other loved one may also be on some form of governmental …
Young Families Need Planning Too
You are married. You have a couple of young, healthy children. You are still young yourself. Life is good. Why would you have to worry about estate planning? Isn’t that for when you die, or for people older than you? …