Often times when individuals execute advance directives, they have a preconceived notion of the aliment or incapacitating situation they might find themselves in, in the future. People also often execute these documents with the intent that they will…
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With the aging population, estate planning has shifted to more than drafting a plan to devise your assets when you pass away. Planning for and protecting your assets from the high costs of nursing home and long-term care is a crucial issue that needs…
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With a new year come new estate tax exemption rates. Although estate and gift taxes are sometimes thought of as taxes that do not change that much, that has definitely not been the case in recent memory. In fact, there have been fairly significant ch…
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The IRS recently released proposed regulations that address issues with the new estate and gift tax exclusions that were increased as part of the Tax Cuts and Jobs Act enacted last year. Under the new tax law, the estate and gift tax exclusion amount…
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The IRS recently announced that retirement savers will be able to save even more in 2019. This is great news for anyone that saves through individual retirement accounts like 401(k) plans, IRAs, and ROTH IRAs! The higher contribution limits also give…
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As estate planning attorneys, we are often asked by heirs and other family members for copies of probate documents or a deceased person’s will. Sometimes, people are looking for probate records to see whether or not a probate has been started.…
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In our earlier post on guardianship and conservatorship for minor children, we discussed how to go about nominating a guardian and conservator for your children. But what happens when disability, incapacity, or incompetence renders an adult incapable…
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“If something happens to you, what happens to your children?” It’s a question no parent wants to think about, but it’s an important one to answer for parents who have minor children. Minor children are not granted full legal capacity until th…
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I remember a time when research projects involved books. My elementary and middle school research consisted of going to the library and reading through all kinds of tangible medium: books, encyclopedias, periodicals. My mom bought us a set of World B…
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It has recently been reported that the legendary singer, Aretha Franklin, died without a will or a trust. How do we know? Frankin’s niece filed a petition with the probate court in Michigan seeking to be appointed as personal representative and…
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