Keeping Your Living Trust…

Keeping Your Living Trust Private

In an age when we seem to have less and less privacy, most of us are reluctant to needlessly surrender what privacy we do have. I was reminded of that a few days ago when a long-time client, who was selling a home titled in his living trust, called t… Read More
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A 2015 Resolution: Who’…

A 2015 Resolution: Who’s With Me?

As many of you may know, my husband, Joe, and I welcomed our second child, Cole Elizabeth, four months ago. (Our son, Callum, is now two and a half.) I look back on the two and a half years of being a parent, and am amazed by all of the planning, reo… Read More
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Keeping it in the Family

Keeping it in the Family

Last year, we told you about Michigan’s new law that exempts home and cottage transfers between certain family members from property tax uncapping. The Michigan legislature has now expanded the law to accommodate many typical transfers so that they… Read More
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Maximizing Estate Tax Exe…

Maximizing Estate Tax Exemptions for Recent Widows and Widowers

Beginning in 2011, decedents who leave their assets to their spouse can also transfer their unused estate tax exemption, commonly called “portability” under the IRS’s portability rules. The surviving spouse is eligible to receive the decedent… Read More
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Health Care Law 101

Health Care Law 101

Despite the recent opening of State insurance exchanges under the Patient Protection and Affordable Care Act (often called “ObamaCare”), many people are still uncertain about exactly what the law requires and how it impacts them. The Act is exten… Read More
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Joint Accounts: Less Conv…

Joint Accounts: Less Convenient Than You Might Think

Consider this scenario: Mom passed away in 1995. Mom is survived by Dad and their two children: Tommy and Jamie. Tommy lives close to Dad, visits him every other day, and helps Dad with shopping and other needs. Jamie lives two hours away and visits… Read More
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Delegation of Parental Po…

Delegation of Parental Powers: Don’t Leave Your Children at Home Without One!

Parents of young children relying on friends or family to take care of their children while they take a well-deserved vacation should consider signing a delegation of parental powers before they leave. This form assures that whoever is watching the c… Read More
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Wright Beamer Founder Tea…

Wright Beamer Founder Teaches Estate Planning to Lawyers

William M. Wright – founder and of counsel attorney with Wright Beamer, PLC – recently taught a seminar at the Probate and Estate Planning Institute’s sessions in Traverse City and Plymouth. The Institute, which is sponsored by the Institute of… Read More
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Charitable Remainder Trus…

Charitable Remainder Trusts: They’re Ba-ack!

The American Taxpayer Relief Act of 2012 (“ATRA”), coupled with the expiration of the 2% Social Security payroll tax reduction, mean increased taxes for most Americans. The increases come primarily in the form of new taxes, higher tax rates, phas… Read More
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A New Burden for Agents Under Powers of Attorney

In an effort to prevent potential abuse of elders and other vulnerable adults, the Michigan legislature recently added a new provision to the law governing durable powers of attorney. Powers of attorney, in a nutshell, are documents whereby we design… Read More
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