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Estate planning is not usually a one-and-done deal. The estate plan you sign today may fit beautifully now, but over time changes in the law or in your circumstances could render your plan obsolete. Here are some recent examples to illustrate my poin…
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The IRS has issued inflation adjustments for certain sections of the Internal Revenue Code. Of interest to our estate planning clients, the federal estate exemption amount for decedents who die in 2022 has been increased to $12.06 million per individ…
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When done right, an estate plan can help make certain that a person’s assets will be easily passed on to the correct people after death. Not planning properly may cause family conflict, higher tax burdens, and the excessive time and costs of pr…
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Estate planning is often an overlooked piece of overall financial well-being. It’s a difficult topic to consider, and the conversations around it are not always easy. And without any real due date, it’s often the first “to-do” list item that…
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While many of you may be in the midst of sending your children off to college at this time of year, the fact is, whether your child is going to college or not, once they turn 18, they become adults in the eyes of the law and you risk being shut out u…
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During last month’s hearing, Britney Spears gave an emotional plea to the California Superior Court to finally end her 13-year conservatorship. In recent time, the #FreeBritney conversation has brought light to the issue of conservatorships, and ho…
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It has long been possible in Michigan to transfer a decedent’s vehicles to their closest kin without probate – as long as all the decedent’s vehicles aren’t worth more than $60,000, and the estate is not being probated. The forms to transfer…
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Cryptocurrencies (like Bitcoin) are continuing to become more mainstream as their volatility has made headlines during this past pandemic year. As more people add cryptocurrency to their investment portfolio, it becomes increasingly important for est…
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Do-it-yourself estate planning is the gift that keeps on giving. To attorneys, that is. A married client recently came in to see me. He had used one of the online document preparation services to create a revocable living trust for himself. When I re…
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These days, families come in all shapes and sizes. Blended families are even more common now than ever. And without proper planning, it can be easier than you think to unintentionally disinherit your children. We all know the story about Mike and Car…
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