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Estate Planning, Health Care, Powers of Attorney
April 6, 2020

We hope everyone is healthy and staying safe.  During this State of Emergency, we will continue to work, and with a few exceptions, everything will be business as usual. We wanted to help keep you informed on some of the ongoing responses to this current crisis, starting with the CARES Act. The Act was signed into law to provide $2 trillion in relief for individuals and businesses in response to the coronavirus outbreak and some of the provisions may impact you...

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Estate Planning
February 26, 2020

Leap years occur almost every 4 years, so our calendars remain in sync with astronomical time. It takes the Earth 365.242 days to rotate around the sun and without leap years we would lose an average of 6 hours each year.[1] So, the extra day exists to keep our seasons aligned, but it can also be beneficial for you in other ways as well. The extra day can be time you spend catching up with loved ones you haven’t seen in a while. It can be...

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Estate Planning
January 6, 2020

Many people wait until February to start their “new year’s” resolutions and use January to develop a concrete plan instead. This includes gathering information and resources ahead of time, breaking up larger goals into smaller achievements, and mapping out different ways for everything to work together. Forming a plan for your goals can help you stick with them and with 80% of people stopping their resolutions by February, getting organized and ready may just lead to a greater likelihood of success.[i] One major goal you could work towards...

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Estate Planning, Taxes
December 20, 2019

With the holidays fast approaching, giving is a topic on many minds, including considering what to gift to loved ones or finding a charity to donate to. Each year the IRS recognizes a gift tax exclusion. This is the amount an individual can gift to someone else or an entity without using any of their $11.4 million lifetime exemption amount, and without the necessity of filing a Form 709 Gift Tax Return. The annual gift tax exclusion amount for 2019 is $15,000. A spouse may join...

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Asset Protection, Estate Planning, Health Care, Powers of Attorney
November 22, 2019

It is estimated that over 55 million Americans will kick off the holiday season by traveling to a family member’s or on a getaway this Thanksgiving.[1]  Holidays are a great time to see loved ones and learn about what everyone has been doing. And, with the hecticness it may seem easier to put off topics like estate planning until the new year, but the holidays are actually a great time to consider the matter. Traveling can prompt discussions to ensure you have a plan in place in...

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Estate Planning, Health Care, Powers of Attorney
November 6, 2019

As loved ones age, their physical and mental abilities change. They may not be as quick or sharp as they once were, they may have mood swings, and they may need more help taking care of themselves. But there is a difference between the general decline individuals can experience as they age and the decline someone can experience if living with dementia. The following are signs of dementia provided by the Alzheimer’s Association that caretakers may encounter: Memory loss – the kind that goes beyond occasionally forgetting a...

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Estate Planning, Powers of Attorney, Wills and Trusts
October 21, 2019

In September of 2008, Congressional leaders passed House Resolution 1499 declaring the third week in October as “National Estate Planning Awareness Week.” Resolution 1499 estimated over 120,000,000 Americans did not have up-to-date estate plans to protect themselves or their families in the event of sickness, accidents, or untimely death. More recently a 2019 survey, carried out by Caring.com, found 57% of adults in the United States have not prepared any estate planning documents such as a will or trust, despite the fact that 76% of the surveyed adults...

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Asset Protection, Estate Planning
October 11, 2019

Car accidents have unfortunately become a common occurrence. According to Michigan State Police, there were 312,798 car accidents in 2018, which resulted in over 75,000 people being injured[1]. These injuries can lead to emergency room visits, extended hospitalizations, physical therapy, missed work, and they can also wreak havoc on your accounts and assets if you have not properly planned for your future. Lawsuits can be, and often are, filed over car accidents. These will likely result in the person who was injured being owed money from the person who...

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Asset Protection, Estate Planning
October 4, 2019

October is Financial Planning Month, a time to check in on any financial goals you may have made this year. Maybe your goal was focusing on becoming more fiscally responsible, maybe you wanted to save for a big purchase or vacation. Or, perhaps it was looking at ways you could plan for your future, your retirement, and your family’s future. Another way to plan for your future and your retirement is through estate planning. Our method of estate planning focuses on how our clients can remain in...

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Asset Protection, Estate Planning, Health Care, Powers of Attorney, Wills and Trusts
August 7, 2019

Estate planning may be something you only associate with older adults – those with families that span multiple generations, retirees who have accumulated wealth from work and various retirement and investment plans, or elderly individuals who require assistance through at-home care or nursing homes. But estate planning can be beneficial to young adults as well. The following tools can help an individual plan for many different occasions, no matter what age. If there is an accident that causes incapacitation, most young adults would want their parents’ or spouse’s...

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