Asset Protection; protecting your money, now and in the future

February 1, 2015 at 6:00 am

2010_May_GMM_Asset_protection_DownriverProfileAsset 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.

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Tuition programs; how they can benefit you

February 1, 2015 at 5:00 am

2009_Sept Oct_GMM_Tuition_programs_DownriverProfileWith 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.

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Estate planning for a blended family

February 1, 2015 at 4:00 am

2009_July_GMM_Estate_planning_blended_family_DownriverProfileAs 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.

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Tax implications: end of the year estate and tax planning

February 1, 2015 at 3:00 am

2009_Winter_GMM_Tax_Implications_Downriver_ProfileEvery 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.

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Top ten list of insurance planning mistakes – and how to fix them

February 1, 2015 at 2:00 am

2008_Dec_GMM_Top_ten_list_of_insurance_planning_mistakes_DownriverProfileWhile 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.

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Challenges that business owners contend with when transitioning the business to the next generation

February 1, 2015 at 1:00 am

2007_Sept_GMM_Estate_and_Business_Successor_Planning_DownriverProfileBusiness 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.

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