If you are like most people, you are concerned about what happens to your property and other stuff after you become “old and funny.” You have worked hard your entire life to accumulate what you have and you want to …
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September Savvy EP Drafting State & EP Docs When You Move
You spend your summers in Michigan. The rest of the year, you live out-of-state in Florida or another state. You have your will, financial power of attorney and healthcare power of attorney and maybe a trust. But they were prepared …
July Savvy Separate Trusts Offer More Benefits
For most of my married clients, I typically prepare separate trusts for each spouse instead of a joint trust for both spouses. I am occasionally asked why. The reason is very simple, it is what most of my clients want. …
Joint Ownership Fraught With Peril
You may have joint accounts, joint deeds or other joint assets. Many people, including most married couples, use joint ownership of their assets as their own self-made mini estate plan. You may be lucky and have joint ownership work to …
Serving As Guardian
You have been asked to be the guardian of the children of one of your siblings or a close family friend in the event of that person’s incapacity or death. You are flattered that someone would trust his or her …
With Estate Planning Fees You Get What You Pay For – Part II
There are a lot of different types of estate plans being sold out there. It is best that you know what you are buying. In last week’s column, we discussed the three most common types of will estate plans that …
With Estate Planning Fees You Get What You Pay For – Part I
I regularly get asked, “How much does a will cost?” Or, “How much is a trust?” Well, this is not a simple question to answer because a will or a trust is only a single component in an overall estate …
May Savvy Separate Tr Offer More Benefits
For most of my married clients, I typically prepare separate trusts for each spouse instead of a joint trust for both spouses. I am occasionally asked why. The reason is very simple, it is what most of my clients want. …
May Savvy You Can Provide For Your Children – Lifetime Trusts
You do not want to disinherit your children, but money management skills were not the talents that God has given them. The kids went through Grandma’s inheritance in less than a year. You may not want that to happen to …
Spouse in a Nursing Home
Your spouse is in a nursing home. You are paying out $6,000 or more per month for his or her care. You have been told that you can only keep ½ of your combined assets and have to spend down …