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...

If you have a Will, or are thinking about having a Will as part of your Estate Plan, be sure you understand what Wills do and do not do. I discussed 4 common myths that people have about Wills.

Tom discusses a situation where we recommended that a client’s daughter contact her representatives in Washington DC to resolve a legal problem, that ended up saving her thousands of dollars in attorney fees.

Tom explains the differences between Warranty Deeds and Quit Claim Deeds, recording requirements in Michigan, different ways to own real estate, and what a Ladybird Deed is.

Tom explains what an Irrevocable Trust is, how it differs from a Revocable Trust, and how it might be used to avoid or minimize federal estate taxes, serve as an asset protection vehicle, or provide a tool for advanced Medicaid planning or Veterans...

Do you have a child that you don’t want to receive any of your estate? Or, maybe you want to be sure that your estate does not to end up going to your child’s spouse or creditors. In today’s episode, Tom discuses the best ways to disinherit a child,...

In this archived episode, Tom discusses Michigan’s Medicaid Estate Recovery law that requires the State of Michigan to recover the cost of Medicaid benefits that were paid for you from your estate after you die. Without proper planning, this can...

On August 21 Tom explained what a self-directed IRA is, and how it gives you opportunities to extend your IRA investment options. In today’s episode Tom takes that concept one step further and discusses how a Checkbook IRA might even be a better...

Enjoy this archived episode where Tom explains why if there is a conflict between a beneficiary designation on your bank account and what you say in your Will , the beneficiary designation wins. This also applies to other assets such as life...

Did you know that Your IRA does not have to be at your bank or broker? In today’s episode, Tom discusses how you can extend your IRA investment options through a self-directed IRA. Maybe you are interested in rental property, or flipping property,...