Category Archives: Beneficiary Designations
Your Estate: Give It Way
It’s not easy dealing with the many possessions of a loved one after they pass away. In some cases it can even create family conflict. But you can make things considerably easier for your family and beneficiaries by giving away your prized possessions before you die. Only you know and understand the value and sentiment […]
Also posted in Estate Planning
Estate Planning: Talking About the Inheritance
Many parents find talking about money with their children as difficult as talking about sex.It may be awkward, but talking to your children about their inheritance benefits everyone. If kept in the dark, children may think their parents are “loaded” and expect a significant windfall upon their passing. They may worry about the cost of […]
Also posted in Estate Planning
Tagged Estate Planning, Estate Planning; Financial, Lenawee County
Letter of Wishes
Dear Trustee… When drafting estate planning documents the dispositional portion, where we actually say what we want, tends to be impersonal and broadly worded. Providing a trustee with latitude is often a wise decision, as circumstances can change and trustees need leeway to respond to different events. A “letter of wishes” provides an opportunity to […]
Also posted in Estate Planning
Tagged Estate Planning
