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Category: Estate Planning

Estate planning services refer to the process of managing and distributing one's assets and properties after their death, in a way that ensures the smooth transfer of wealth to the intended beneficiaries while minimizing taxes and other expenses. Estate planning services may include drafting legal documents such as wills, trusts, and powers of attorney, as well as providing guidance and advice on strategies for asset protection and wealth transfer. These services may be provided by lawyers, financial advisors, or other professionals with expertise in estate planning. Effective estate planning can help individuals achieve their long-term financial goals and provide peace of mind for themselves and their loved ones.

What’s a Bequest?

By: Nick Leydorf
Fundamental estate planning
When a person uses a will to leave property to their family, friends or the causes they support, the act is known as a bequest. A bequest can be the cash, investments, jewelry or other items that a person passes to beneficiaries when they die.
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Posted on: February 10, 2023 |
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Who Gets Graceland after Lisa Marie Presley‘s Death?

By: Nick Leydorf
Lisa Marie Presley‘s surviving three children will reportedly inherit her Graceland estate.
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Posted on: February 9, 2023 |
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When Is Life Insurance Taxable to Beneficiaries?

By: Nick Leydorf
married couple with their children
When beneficiaries receive a payout from a life insurance policy, they typically don’t have to pay taxes. However, there are a few situations where a portion of the life insurance benefit is taxable to the beneficiary.
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Posted on: February 8, 2023 |
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Why Everyone Needs an Estate Plan

By: Nick Leydorf
estate planning in Michigan can help keep families out of court and conflict
Estate planning isn’t just for wealthy individuals with large assets; it’s essential for everyone.
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Posted on: February 7, 2023 |
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Should You Take Social Security Benefits at Age 62?

By: Nick Leydorf
An 8.7% cost-of-living adjustment for 2023 will provide Social Security beneficiaries with the biggest boost in four decades.
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Posted on: February 6, 2023 |
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Can I Benefit Sleep by Changing Eating Habits?

By: Nick Leydorf
Restful sleep is important to every human. If you’ve ever tended to a newborn or gotten up repeatedly in the night with caregiving duties, you know what a luxury a good night’s sleep is—and how tough it can be to achieve.
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Posted on: January 27, 2023 |
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Some Dementia Warning Signs May Appear Years in Advance

By: Nick Leydorf
holding hands with an elderly loved-one
As we grow older, many of us fear the possibility that we could be diagnosed with dementia. Few things are more frightening than the thought of losing our independence to this progressive disease.  Researchers at the University of Cambridge now say signs of dementia may appear up to nine years in advance of when the illness is typically diagnosed.
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Posted on: January 26, 2023 |
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What Is Needed in Estate Plan Besides a Will?

By: Nick Leydorf
Fundamental estate planning
One reason for having a will is to make sure your wishes are carried out. If you die “intestate” (without a will), your assets will be distributed by state law, not by your desires.
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Posted on: January 25, 2023 |
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Can I Protect My Family after Death?

By: Nick Leydorf
The future is uncertain. However, you can ensure that your family and loved ones are taken care of with estate planning. Estate planning is a critical component of financial planning for the future.
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Posted on: January 24, 2023 |
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These Celebrities Didn’t have Wills…But You Should

By: Nick Leydorf
When the rapper Coolio died in September, he joined a group of notables that includes Prince, Howard Hughes and Pablo Picasso—all of whom died without specifying who should inherit their money and estate.
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Posted on: January 23, 2023 |
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