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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 was So Unusual About Michigan Mayor’s Will?

By: Nick Leydorf
Estate planning is an important, if unpleasant, part of life. It is suggested that people look at their plans at least once a year and update them when there are significant changes in life; such as divorce, the death of a loved one, or the birth of a child. The suggestion also works if there has been a fight within a family and the one leaving the estate would prefer to choose a new heir.
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Posted on: January 20, 2023 |
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Who Were the 119 Heirs to a Chicago Man’s $11 Million Estate?

By: Nick Leydorf
a notebook with many questions
It turns out it’s not just in the movies that you can get a huge inheritance from that uncle you never knew about.
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Posted on: January 19, 2023 |
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Beneficiary Mistakes to Avoid

By: Nick Leydorf
elder couple working on protecting their assets
Before making a decision on a beneficiary, it's very important to check your state laws. Some states have different rules on who you can name as a beneficiary.
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Posted on: January 18, 2023 |
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How Does a Trust Work?

By: Nick Leydorf
estate planning and elder law
There’s no single path for everyone to follow. However, you might consider establishing a trust, which offers some key benefits.
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Posted on: January 17, 2023 |
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High Interest Rates Have an Impact on Estate Planning

By: Nick Leydorf
When the 7520 rate is low—as it has been for 15 years—opportunities for good planning abound.  However, what about when the rate is high? Few estate planners have needed to ask themselves that question until very recently.
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Posted on: January 16, 2023 |
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When Is a Family Limited Partnership Needed?

By: Nick Leydorf
You don’t have to be ultra-wealthy for a family limited partnership to make sense.
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Posted on: January 6, 2023 |
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What Is a ‘Residuary’ Estate?

By: Nick Leydorf
Fundamental estate planning
In simple terms, a residuary estate is any part of your estate that hasn’t been distributed to your heirs through a last will and testament.
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Posted on: January 5, 2023 |
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Candidate Is in Hot Water with Singer Tom Petty’s Estate

By: Nick Leydorf
After the 2022 midterms, the estate of late songwriter Tom Petty tweeted a statement that condemned the use of Petty's 1989 hit "I Won't Back Down" in one failed gubernatorial campaign.
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Posted on: December 16, 2022 |
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Anne Heche’s Estate Facing Another Problem

By: Nick Leydorf
The estate of late actress Anne Heche is being sued by Lynne Mishele, the woman who was living in the home, which was destroyed after Heche's vehicle crashed into the house and erupted into flames.
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Posted on: December 15, 2022 |
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Do I Need a Trust, or a Last Will and Testament?

By: Nick Leydorf
One of the most common questions people ask about estate planning is whether they should be using a revocable trust instead of a last will and testament.
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Posted on: December 14, 2022 |
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