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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.

Does Will Have an Expiration Date?

By: Nick Leydorf
medical POA
If I have a current will that is about seven to 10 years old, do I have to write up a new will or can I edit the current will?
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Posted on: February 15, 2023 |
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What’s the Best Way to Organize Your Estate Plan?

By: Nick Leydorf
married couple with their children
Does somebody else know where it is in the event of your death or incapacity?
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Posted on: February 14, 2023 |
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What Is a Beneficiary Defective Inheritor’s Trust?

By: Nick Leydorf
Fundamental estate planning
A Beneficiary Defective Inheritor’s Trust, also known as a ‘BDIT,’ is a specific type of estate planning trust.
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Posted on: February 13, 2023 |
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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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