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Asset Protection

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Asset Protection, Estate Planning, Powers of Attorney, Wills and Trusts
August 22, 2022

A blended family could impact your life in a lot of ways, in particular it can affect how you approach your estate plan. There can be many people to take into consideration when planning, and it is important to acknowledge each person, so all your wishes are met. When planning, you have to decide how the families are going to split inheritances. Will both families share equally? Will your assets stay in your family and your spouse’s stay with theirs? Are...

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Asset Protection, Estate Planning
May 24, 2022

 A scavenger hunt is a fun game for children to play, searching for a list of various items, like toys or treats. As an adult, it is less enjoyable to participate in a scavenger hunt, especially when you are searching for asset information. As hard as we may try to keep our lives organized, it can be a challenge to keep all our belongings in one place. With the help of an estate planning professional, you can help your loved...

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Asset Protection, Estate Planning
May 4, 2022

Without proper funding, your estate plan won’t work. Why is that? Funding is retitling your assets or updating your named beneficiaries to achieve your intended result. If you have a living trust, that could mean you and your loved ones experience less burdens, your assets are distributed according to your wishes, and your estate avoids the probate process.   Changing the title on assets such as bank or investment accounts to your trust as the owner, can make it easier during...

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Asset Protection, Estate Planning, Health Care, Pet Planning, Powers of Attorney, Taxes, Wills and Trusts
October 15, 2021

www.keeping control-book.com There are many reasons to read a book; to learn something new, for relaxation, or to be entertained by a good story. In our house, reading has become a family activity with nighttime stories and multiple trips to bookstores to purchase every book in the series. Even requiring me to build more bookshelves! It’s easy to explain why we read books, but what about writing a book? Earlier this year I decided to write a book to help encourage...

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Asset Protection, Estate Planning, Health Care, Powers of Attorney, Wills and Trusts
June 28, 2021

June is popular for weddings, which is appropriate as the month is named after Juno, the goddess of marriage, family, and home. And, with all that goes into planning a wedding it’s not surprising a topic like estate planning isn’t high on the list for the soon-to-be newlyweds. But it is something that should be considered when entering a marriage, especially if it is a second marriage and you’re blending families. One of the first things you may do is set...

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Asset Protection, Estate Planning, Taxes
December 18, 2020

As we continue the holiday season, and are in the spirit of gratitude, we would like to consider the gifts we give at the end of the year. Some gifts can be given tax-free and knowing the applicable tax exemptions before you give to loved ones and charities can be beneficial. Each year the IRS recognizes a gift tax exclusion. This is the amount an individual can gift to another person without incurring any tax. For 2020, the annual exclusion amount...

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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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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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