Articles

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 …

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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 …

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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 …

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Protecting Inheritances

Many people use joint ownership and beneficiary designations as their own do-it-yourself estate plan. Sometimes it works, if all the stars line up. Unfortunately for many families, the stars do not line up. We see time and time again situations …

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Keeping the Family Cottage in the Family

You own the family cottage, farm or waterfront property that you and your loved ones have enjoyed for years. You want your loved ones to continue to enjoy the property after you are gone. Is there something that you can …

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Preventing Uncapping Property Taxes

Property tax assessments seem to be going up and up. Local tax assessors are on the lookout for opportunities to “uncap” property assessments, which increase the property taxes on your real estate. Since Michigan adopted Proposal A in 1994, the …

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Who Does What, When?

When you are doing your estate plan, you have to choose people for certain things. For what jobs do you have to make a selection and what are their duties? Who do you want to benefit, or to not benefit …

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Be Prepared

You fall and break your hip. Or you have a stroke. Or you have a heart attack. Or you or your spouse end up in a nursing home. What are you gonna do? What are your loved ones gonna do? …

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