With the 2017 Tax Cuts and Jobs Act set to expire on December 31, 2025, and new political leadership in Washington, estate tax planning has become more critical than ever. For families and individuals with significant wealth, understanding the impact of the upcoming changes and taking proactive steps now can make a significant difference. The […]
Estate Tax Planning Strategies In Light Of Potential Tax Law Changes Read More »
Applying for a lasting power of attorney (LPA) can be one of the most important steps in planning for the future. It allows you to name a trusted individual to act on your behalf if you’re ever unable to manage your financial or medical affairs. However, recent data reveals that more than 50,000 power of
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If you’ve created a Power of Attorney (POA) or are considering one, there’s a significant change in Michigan law that could impact your document. As of July 1, 2024, Michigan adopted the Uniform Power of Attorney Act (UPOAA), introducing greater accessibility, reliability, and consistency for POAs. This law ensures that POAs are more effective tools
Michigan’s New Uniform Power Of Attorney Act Makes POAs More Reliable Read More »
The probate process is something most of us hope to avoid but may ultimately face. With the “Great Wealth Transfer” on the horizon, the need for awareness and preparation has never been more critical. A recent study by Trust & Will highlights a startling reality—millions of Americans are deeply unaware of the costs, timeframes, and
A Guide to Navigating Probate The passing of a loved one is undoubtedly a difficult time, and the legal process that follows can often feel overwhelming and confusing. Probate is the legal process through which a deceased person’s assets are distributed and their final affairs settled. While probate can be complex, having a clear understanding
Revocable vs. Irrevocable Trusts – Making the Right Choice Read More »
Incorporating Estate Planning into Your Retirement Strategy When it comes to retirement, it’s natural to focus mainly on saving and investing to secure a comfortable lifestyle during your golden years. However, a truly comprehensive retirement strategy must include a vital component often overlooked: estate planning. Here’s a guide to successfully integrating estate planning into your
Navigating the Complexity of Estate Planning for Blended Families Read More »
How to Avoid Common Estate Planning Mistakes It’s never too early or too late to start thinking about estate planning. This essential legal tool helps ensure your loved ones’ financial security after you’re gone and allows you to dictate how your assets are distributed. However, without the right approach, you can fall into various pitfalls
Including Digital Assets in Your Estate Plan Read More »
