This article was first published in the State Bar of Michigan Probate & Estate Planning Journal, Vol. 37, No. 3.
History has shown a steady increase in the federal estate tax exemption. It has not been smooth sailing, but a long-term view of the federal estate tax reveals a trend toward estate taxes only impacting a very small fraction of the …Read more
By now your child has settled into her dorm or apartment and is hopefully working hard at pursuing that college degree and considering exciting career opportunities. While she appears to be quite grown up, living on her own, she may still be dependent upon you for many things like transportation, health insurance, emergency funds and, of course, la…Read more
You survived! Your divorce is now final, and you are ready to move on to the next chapter of your life, but there are a few more details that you do not want to overlook. Depending on how long you were married to your former spouse, his or her name is most likely all over your estate planning documents. You are probably the beneficiary of each othe…Read more
How does one know when to update an estate plan? How does one know when to create one in the first place? Estate planning can be a daunting topic for many people. The good news is there are many options available to benefit you and your loved ones because not everyone’s situation is the same. However, there are several circumstances that may affect…Read more
In 2008 Congress passed a resolution to declare the third week in October for Estate Planning Awareness. The goal is to spread information to the public about the importance and the impact of having an estate plan and the consequences of not having one.
As a resident of the U.S., you have the right to dictate what happens to your estate upon your d…