There is great freedom in grabbing your keys, jumping into your car, and driving wherever you want to go. Nobody wants to think of a day when we might lose that freedom. But as we age, a time can come to give up those precious keys and rely on others to drive us where we …
What happens when a person dies with a vehicle titled in their name with no surviving co-owner? Some states allow vehicle owners to name a beneficiary to take title upon an owner’s death. Michigan is not one of those states. But it is fairly simple to take care of this situation without the dreaded trip …
Transferring a Vehicle Upon Death of a Family Member Read More »
If the situation and relationship dynamics allow, I generally advise clients that want to choose co-trustees to administer their trust to allow them to act independent of one another. That way, the co-trustees can determine who should handle each task and work more efficiently. They can divide and conquer the tasks of selling real estate, …
The Pitfalls of Co-Trustees Representing Your Trust Read More »
You have weighed the options and decided a trust makes sense for your estate planning goals. The most important thing you will consider when it comes to your trust is, “who to name as trustee”. A trustee is the person who is obligated to administer the trust, and make sure the instructions expressed in the …
Should You Choose One Trustee or Co-Trustees for Your Trust? Read More »
Haans Mulder and Jessica Arends presented a seminar via Zoom on how to have tough conversations with parents or loved ones. Many times a parent will say, “it’s all taken care of” when asking about legal documents, health, and housing wishes. If more information was shared and crucial conversations were held, it could ease the …
Attorney: Who would you like to make medical decisions for you if your spouse is unable to? Client: Can I name all my children to act together? It is difficult to identify the person to place this great responsibility on. I often remind clients that although the person they select may feel honored that they …
During your working years you and perhaps your employer made contributions to your retirement account. You learned the benefit of putting your employment income into a 401k so that you would not pay income tax on it while you had earnings from employment. Rather, when you retired, you would then draw on those funds and …
Please join us for a Zoom seminar to discuss Medicaid Planning for Couples The seminar is on Tuesday, June 23, 2020 at 5:15 pm via Zoom. Please click the below link for details and instructions on how to RSVP. Medicaid Planning for Couples Seminar June 2020
I would not associate the word SECURE with year 2020. So, it is a bit ironic that 2020 did bring us the SECURE Act. This Act is all about your retirement funds or what is left of it given the surprises of 2020. Setting Every Community Up for Retirement Enhancement (SECURE) eliminates the stretch provision …
Please join us for a Zoom seminar to discuss Medicaid planning and Asset Protection The seminar is on Wednesday, May 27 at 5:15 pm via Zoom. Please click the below link for details and instructions on how to RSVP. May Zoom Medicaid Seminar
