You are wrong to think that you don’t need a Will just because you have a Living Trust…find out why before it is too late…
In today’s episode, Tom discusses options that you have to protect the inheritance that your child receives from you from going to their spouse in the event of a divorce.
In today's episode, learn what a Health Care Power of Attorney or Advanced Directive is…..why you need one…..and what can happen if you do not have one. And, in recognition of National Healthcare Decisions Day, learn about the special savings we...
Be sure to listen to today’s program to find out if your debts will have to be paid after you die and, if so, will your Spouse or children have to pay them.
In today’s episode, Tom discusses the options that are available when settling an estate where the balance on the mortgage exceeds the value of the home.
The number one mistake that people make after creating their estate plan is failing to keep it up to date. Make reviewing and updating your Estate Plan part of your Spring Cleaning.
To help avoid family conflict, be sure that there will be adequate cash available in your estate to pay ongoing expenses until your home is sold.
As we begin our 4th year of "Tuesday with Tom", Tom reviews a number of the most popular topics that have been covered during the last 3 years.
In today’s episode, Tom discusses the headaches and expenses that you can incur if you do not get a deed from the seller when you pay off your land contract.
In today’s episode, Tom answer a question that many clients ask when they have a home or other land for sale, and they are working on funding their Living Trust.
In today's episode, Tom describes when your Power of Attorney for Finances and your Power of Attorney For Health Care become effective so that your named Agent has authority to act on your behalf.
Tom explains how a transfer of assets under Michigan's Uniform Transfer To Minor's Act (UTMA) can be used to provide trust like benefits for a minor until age 21
In today's episode, Tom discusses several reasons why it might be better to leave your assets in your trust for your adult children, instead of having them inherit the property outright.
In today’s episode, Tom explains what a Michigan Domestic Asset Trust is, and how it can be used to protect assets from your creditors.
Tom discusses 3 important issues that every senior should consider before getting remarried.
Tom suggests 3 ways to remember your favorite charities at Christmas time, and counts down the top 10 episodes from 2018.
Tom reviews the various limitations that apply to both financial and medical powers of attorney
In today’s episode, Tom explains why using a 529 Plan can be a great way to pay for the costs of college, or K-12 private school tuition, for children or grandchildren.
Tom discusses a number of issues that need to be considered in deciding whether to record a deed to your Trust, including: Mortgage “due on sale” clauses, uncapping property taxes, homeowners Insurance coverage, protecting Tenancy by Entireties...
In his continuing discussion about using beneficiary designations to implement your estate plan, Tom discusses how you can use POD or TOD designations to transfer your Michigan LLC or Corporation at the time of your death.
Tom discusses the importance of getting written confirmation of your beneficiary designations, and the problems that can result to your heirs when you don’t.
Tom discusses the use of beneficiary designations to avoid probate, and what happens if your named beneficiary dies before you.
Tom talks about Certificate of Deposit as investments, and how to make your CD yields higher with a CD ladder.
While Tom is meeting with clients in the UP, enjoy this archived episode.....If you or a loved one is thinking about moving to an assisted living facility, explore the options available where the focus is on you and the quality of your life. Tom...