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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 are the Benefits of Creating a Life Estate?

By: Nick Leydorf
Once you create a life estate, property rights vest in your heir.
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Posted on: February 17, 2023 |
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Understanding Estate Planning Through Barbara Walters’ Legacy

By: Nick Leydorf
Walters’s estate will be inherited by her family.
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Posted on: February 16, 2023 |
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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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