Estate planning is the process of anticipating and arranging, during a person’s life, for the management and disposal of that person’s estate during the person’s life and at and after death, while minimizing gift, estate, generation skipping transfer, and income tax. Believe it or not, you have an estate. In fact, nearly everyone does. Your estate is comprised..
Tag: elder law of Michigan - page 2
Estate planning is the act of securing your assets before you die. Obviously you cannot take anything along with you after your death but what you can do is make sure your property falls into the right and true deserving hands instead of falling under the court. You don’t have to be very rich for..
The rеаѕоnѕ for needing an еѕtаtе рlаn are as vаriеd аѕ thе individuаlѕ invоlvеd and, it ѕееmѕ, thе many myths ѕurrоunding the subject do quitе a bit of harm. Fоr еxаmрlе, dо уоu have to be “rich” in оrdеr to need аn estate рlаn? Thе answer is, “Nо”, оnе dоеѕ not need tо be riсh..
Estate planning is the process of anticipating and arranging, during a person’s life, for the management and disposal of that person’s estate. This is put in place to provide during the person’s life and at death for their loved ones. This is done in order to minimize gift, estate, generation skipping transfer, and income tax. Believe it or..
Many individuals do not grasp how important it is to have an estate plan in place. By taking the time and effort that is needed now to plan for your estate you inevitably save your family and friends a lot of trouble after you are gone. In reality, after your passing, the last thing that..