Asset protection (a fancy way of saying methods to protect your money and assets) is something that is on everyone’s minds. I constantly find that people want to know how they can protect their money from future creditor claims.
With the rising costs of higher education, the burden of sending a child to a college or university is a greater concern for more and more people. In fact, the tuition rates for most Michigan colleges and universities have increased in excess of the rate of inflation.
As an estate planning attorney, I often work with clients that have children from previous marriages. These blended families bring special and very important issues to the table and oftentimes present challenges to develop a proper plan.
Every year around this time, our offices receive a flurry of telephone calls, from clients and financial advisors alike, with questions regarding end of year estate and tax planning. This year is no different.
While acknowledging David Letterman as the master of the Top Ten List, the following is my own Top Ten List of insurance planning mistakes and how to fix them.
Business succession planning, asit is typically described, contemplate scurrent ownership and leadership roles of the business entity, as well as how to transfer the ownership to the next generation and how to fill leadership positions as part of that process. Proper business succession planning involves a team of professionals to handle the intertwined legal, financial, tax and family dynamics that are always part of the process.
Northville Office 41000 West Seven Mile Road, Suite 200Northville, MI 48167 Tele: (248) 347-2950 | Fax: (248) 347-2999 |
Wyandotte Office 1800 Biddle AvenueWyandotte, MI 48192 Tele: (734) 281-6464 | Fax: (734) 281-1620 |