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Another Celebrity Death Teaches Estate Planning Lesson: The Estate Of A Soprano

August 1st, 2013
When James Gandolfini, one of the most recognizable actors of the last decade, diedof a heart attack while on vacation last month, the response was as intense as you might have expected for the man who was Tony Soprano. But then something odd happene… Read More
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Baby Boomer Heirs in Ann Arbor

July 31st, 2013
"The Center on Wealth and Philanthropy at Boston College estimates that baby boomers and their offspring could inherit as much as $27 trillion over the next four decades, with the progeny of the wealthiest pocketing much of the windfall," T… Read More
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Knowing The Signs Of Dementia Can Prevent Financial Disaster in Ann Arbor

July 29th, 2013
There is a lot of research to inform us that as an aging parent develops dementia, their financial decision-making capacity erodes early on.  At the same time, a parent can be quite appropriate socially and appear “fine”. A case at AgingPare… Read More
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Life Insurance & Incidents Of Ownership - Beware of Estate Taxes in Ann Arbor!

July 26th, 2013
Are the proceeds of life insurance policies owned first by a taxpayer’s wife and then owned by a family trust, includible in a taxpayer’s gross estate? The estate tax is currently set at a generous level, with married couples able to protect up t… Read More
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Check More Than “The Box” When It Comes To Organ Donations

July 24th, 2013
Elijah Smith said he wanted to be an organ and tissue donor when he applied for a driver’s license in September. But his family didn’t find that out until he was declared brain dead by doctors on July 4 after being struck in a hit-skip crash whil… Read More
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Does A Longer Life Threaten Disability in Ann Arbor?

July 23rd, 2013
Weird berries. Capsules of unpronounceable supplements. Yoga or tai chi. Crossword puzzles. Such amulets, we’re told, may ward off disability — which is the real fear that accompanies aging, isn’t it? Not the sheer number of years that will hav… Read More
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Safeguarding Your Heirs From Their Inheritance in Ann Arbor

July 22nd, 2013
When Juliann Reynolds' husband died of cancer in 1992, she had to decide how to plan her own estate … Reynolds is one of a growing number of parents who are requiring their heirs to wait until they are older before they can collect their inher… Read More
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Examine Your Own Charitable Goals …And The Charities Too in Ann Arbor

July 19th, 2013
That an entity has been effectively organized, and recognized by the IRS as tax exempt is no guarantee that it is being operated as a charitable entity.  A good rule of thumb is that a charitable entity’s general and administrative expenses sh… Read More
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Would You Give Your Employees Skin In The Game in Ann Arbor?

July 17th, 2013
In family businesses, there are two main ways stock gets diluted: it gets passed on to employees or it’s passed down through the generations.  We often see the first situation occur in families when owners give out shares to non-family executi… Read More
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The Gift of College Funding

July 15th, 2013
The Uniform Gifts to Minors Act (UGMA) and the Uniform Transfers to Minors Act (UTMA) are sometimes called the “granddaddies” of college savings accounts. Both allow parents to establish custodial accounts for a minor child, and a grandparent can… Read More
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