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Assets

What Happens if my Estate Is the Beneficiary of my Assets?

Assets, Beneficiaries, Estate Planning, General / By

A retirement plan, such as an IRA, should be incorporated into your estate planning by using beneficiary designation forms. Assets like IRAs with beneficiary designations often transfer outside of the traditional probate process. However, the situation surrounding transfer of such an asset may become complicated without a proper beneficiary designation, or if your Estate has …

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What Emergency Information Should I Compile For My Parents Or Children Before An Emergency Arises?

Assets, Emergency Information, Estate Planning / By

This is a question we get asked on a weekly, if not daily, basis. What information should you have on hand to help administer your estate or your parents’ estate? Where can I find account numbers, assets, passwords, etc.? This can be a much harder question for children to answer than parents. Typically, the parents …

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Can You Protect Your Assets from a Lawsuit or Creditors?

Asset Protection, Assets, Estate Planning / By

  There are several different measures you can take to help keep your assets safe but these are not any undertakings that you should work on by yourself. In fact, hiring a knowledgeable estate planning attorney can be the first and perhaps the most important step in protecting your assets. Asset protection planning is something …

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Do You Need Advanced Estate Planning Strategies?

Assets, Estate Planning, Tax Planning / By

While people of every age and background can benefit from the basic tools of estate planning, certain families and business owners can benefit from more advanced strategies. There are many different planning strategies today that can help to enhance your asset protection and minimize your estate and income taxes. In order to make the most …

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Who Can See The Assets and Beneficiaries Listed In My Michigan Will?

Assets, Beneficiaries, Estate Planning, Will / By

Except in very unusual circumstances, Wills and the probate process that goes along with them are a matter of public record and can be located and viewed through the probate courts. Plenty of Michigan Wills can even be found by a simple internet search. For example, given the surge in interest for genealogy, it is …

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