Revocable Living Trust
A Revocable Living Trust is a written document in which you, the grantor of the Trust, set forth in detail the arrangements for the management and distribution of your property during your lifetime and after your death. Typically, you will serve as the trustee (or manager) of the Trust property until you are unable or […]
Trust & Estate
The administration of Trusts and Estates for deceased and incapacitated persons is more complicated than you might think. Whether a person has a Revocable Trust, a simple Last Will, or no estate planning documents, action must be taken to handle his or her affairs. The assets must be inventoried, and liabilities resolved. Decisions must be […]
When A Loved One Passes
Dealing with the death of a loved one can be one of the most difficult challenges we face. 1. Grieving And Family Is A Priority It is natural to feel a sense of urgency in handling a loved one’s financial affairs; however, in most cases, matters can wait. Do not rush into making changes or […]
Becoming The Family Banker
Family members sometimes loan money to each other. These “related party” loans are given with the best intentions and, most of the time, are repaid timely and without any problems. However, there are many things to think about before lending or borrowing money to or from a family member. Consider Your Personal Relationship Related party […]
Michigan Asset Protection Trust: How to Protect Your Assets
Most of us have at one time or another worried about causing an accident and being sued, or considered the financial loss that might result from a divorce or bad business dealing. These are just a few situations in which your personal assets may be taken by creditors, whether an injured person, a divorcing spouse, […]
Technology for Estate Planning Lawyers
There is a ton of technology available to lawyers, including estate and trust lawyers. Whether you are looking to increase efficiency in your workflow or just convenience in your daily work life, there is a tool for almost everything. Systems to manage your calendar and integrate contacts are prolific and have evolved over nearly two […]
The Exact Estate Planning Checklist Veteran Estate Planners Use
If you’ve practiced estate law even for just a few years, you know every client is unique in some way. Each client has different types and amounts of assets, different family dynamics, and different attitudes. It’s these differences – and the opportunity to provide creative solutions – that keep estate planning careers, including my own […]
How to Get Clients as a Financial Advisor: 9 Proven Ways
You know you can do the work, it’s getting the work that’s the challenge. Believe us, we know that feeling. We’re going to show you 8 exact ways you can get clients as a financial advisor. These ideas are super grab-and-go — you can take these and start using them right now. Here’s what we’re […]
Choosing The Right Trustee
All estate plans require that you designate someone to handle financial matters upon your incapacity or death. Whether you are single or married, have a modest estate or millions, the most important estate planning decision you will make is choosing your Fiduciary. Your Fiduciary is the “trustee” in your Trust, the “attorney-in-fact” or “agent” in […]
Marketing for Estate Planning Attorneys (10 Tips)
As much as attorneys would like to focus on only doing billable work, marketing is a constant in any entrepreneurial role, and you need to view investing time into growing your estate planning practice as an integral part of your weekly to-dos. The Bad News First Selling estate planning services has become increasingly difficult for […]
