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Social Security Myths

Posted on 03/25/2018

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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Be aware of the Holiday Blues

Posted on 12/10/2017

It’s such a fun time of the year. Right? We are in the midst of the holiday season. For many people, it is time for the holiday party hop. In addition to family and friends, most organizations and employers are …

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How to Pay Off Your Credit Card Debt

Posted on 11/05/2017

The average U.S. household has $5,700 in credit card debt according to the researchers at ValuePenguin. The researchers also found that the average credit card debt for balance-carrying households is $16,048. That’s more than a quarter of the annual median …

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So You Are In Charge of the Estate or Trust

Posted on 09/03/2017

Mom or dad has named you as personal representative of their estate or as trustee of their trust. As a personal representative or trustee, you are considered a fiduciary. This is someone who handles funds or property of another. As …

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IRA Hot Topics

Posted on 07/09/2017

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 …

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Legend:

0-15 Level of risk is low.

You have done a very good job of protecting your estate.

16-30 Level of risk is moderate.

You have done a pretty good job of protecting your estate.

31-45 Level of risk in the "dangerous" area.

  • Examine areas where you are weak.
  • Seek advice from competent professionals that you trust.

46+ Level of risk is "severe".

  • Immediately begin a comprehensive examination of your estate planning needs.
  • Develop a step-by-step plan to plan for your disability and to protect your estate.
  • Seek advice from competent professionals that you trust.

Disclaimer

This website is not designed for do-it-yourselfers. The ideas presented herein are for discussion and educational purposes only. The information presented is the opinion of the authors only and DOES NOT create any attorney/client relationship and is not to be relied upon for any specific person or situation. For specific information regarding your needs, concerns, and plan, you must consult with your tax advisor, financial planner and estate planning attorney to discuss your situation and obtain advice.

You should not attempt to implement any of the techniques or ideas presented without competent advice. You would not want to do your own brain surgery, why would you want to do your own estate plan? Check with a qualified Attorney or other professional adviser before you attempt to implement these or any other estate planning techniques. It usually costs more to fix an estate planning problem than it would have cost to do it properly in the first place.

Legal and tax issues frequently change, therefore some material may be affected by changes in the laws regarding wills, trusts, taxes, and other issues, or new interpretations of the law since preparing this material. For that reason, the accuracy and completeness of information and the opinions expressed are not guaranteed. The information in this website may be reproduced, mechanically or electronically, in whole or in part so long as the firm information and copyright data are included in such reproduction.