Like saving for retirement, an estate plan is something everyone needs. Hayley E. Rohn PLLC offers estate planning services for families and individuals in Michigan. Due to the virtual nature of the firm, overhead costs are considerably low and therefore, legal services can be provided at much more affordable rates. And clients can appreciate not having to leave the comfort of their own homes or have their own working hours disrupted.
Thanks to the large federal estate and gift tax exemption (currently $5.49 million for individuals and $10.98 million for married couples), most people do not need estate planning for the purpose of saving
Of course, no one is expecting to die young or while your children are young. But the responsible thing to do, as a parent, is to plan for that possibility no matter how remote it seems. A good estate plan for a young family includes two major features: (1) naming a guardian for your minor children and (2)
A basic estate plan includes a Will which deals with your property and allows you to nominate guardians for minor children. It also includes a Living Will and Patient Advocate Designation and a Durable Power of Attorney, both of which allow someone to manage your financial affairs and make
Death is certain but estate planning shouldn’t contemplate just your death. You should plan for the event, however remote, you become incapacitated and unable to make medical or financial decisions.
Estate planning is most certainly not on most millennials’ radar. It is just not “sexy” enough to think about now. Most people assume you don’t need to think about estate planning until they are in their
I have talked about this before here, but this coming week is the start of school for many college students so this is a friendly reminder for parents of college students to keep this on their radar. They
It still isn’t clear whether Trump plans to follow through on one of his [empty] campaign promises of eliminating the estate tax. The estate tax was actually repealed for one year in 2010 and then
I discussed in one post about the various factors that you should consider in naming your child’s guardian and in another post about the all-too-common situation where you and your spouse may not be able to agree about who
It’s one thing to get your estate planning documents done and it’s another thing to keep them organized and someplace where family members can access them should they need to in an emergency.
Your beneficiary designations are a very important part of your estate planning. They are also very easy to forget about when you’ve had life changes. A common misconception is that once you have an
