Seminar Alert: (Caregiver Seminar: Protecting Our Loved Ones and Ourselves)

Are you overwhelmed dealing with the legal, medical and physical needs of an aging parent or a medically challenged family member? Are you looking ahead to when you need to care for a family member and wondering how to prepare? You’re not alone. Th… Read More
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The Fiduciary Access to Digital Assets Act

  Effective June 27, 2016, the Fiduciary Access to Digital Assets Act (“the Act”) allows an individual to designate in their estate planning documents a fiduciary that is authorized to access their digital assets and computer devices.  This… Read More
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Categories: Estate Planning

The Funeral Representative Designation Act

Michigan has recently passed legislation that allows an individual to designate in their estate planning documents a “Funeral Representative” (“FR”).  Effective June 27, 2016, the Funeral Representative Designation Act (“th… Read More
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Categories: Estate Planning

2017 Estate and Gift Tax Exemptions

The IRS has announced the estate and gift tax exemption amounts for 2017. The lifetime exemption amount for estate and gift taxes is $5.49 million per individual.  That is an increase from $5.45 million per individual in 2016.  This means that an i… Read More
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Categories: Estate Planning

Designating A Beneficiary for Your IRA

  Once you turn 70 ½ years old, you must start taking out required minimum distributions from your IRA.  However, if you do not withdraw all of your money from your IRA before you die, naming the right beneficiary for your IRA can keep it grow… Read More
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Categories: Estate Planning

Funding Your Trust

Congratulations! You’ve put in place a Trust for your Estate Planning needs to ensure that your Estate will avoid Probate as well as allow you to control how and when your assets will be distributed after you have passed away.  Time to file aw… Read More
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Categories: Estate Planning

Failure to Change Deceased Insurance Policy Holder Can Void Coverage

In a recent opinion of the Michigan Court of Appeals, the Court held that the failure to change the named insured on a homeowners’ policy voided coverage. In 2002, Robert McGowan, Sr., purchased a homeowners policy on his cottage with himself as t… Read More
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Can I Completely Disinherit My Child?

In a letter to Ann Landers a writer from Manasota, Florida wrote to deliver a message to children and grandchildren: “YOUR INHERITANCE IS NOT AUTOMATIC.  IT’S A GIFT.”  When it comes to estate planning, many people feel this way,… Read More
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Categories: Estate Planning

"Vicki's Corner" - How Can I Make Sure That My Medical Provider Has My Patient Advocate Form?

“Vicki’s Corner” is designed to help our clients find comfort in knowing there is a place they can turn if they find themselves needing to address questions that require the input from a social or medical worker perspective.  This… Read More
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IRA Qualified Charitable Contributions Made Permanent

Passed at the end of 2015, the Consolidated Appropriations Act of 2016 made a Qualified Charitable Distribution (“QCD”) from an Individual Retirement Account (“IRA”) permanent.  In order to make a QCD, the following requireme… Read More
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Categories: Estate Planning

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