Know the difference between an inheritance tax and an estate tax…will you owe either one?

In this archived episode, Tom discusses the six most common mistakes that people make when a settling an estate, and provides tips on how to avoid them.

In today's episode, Tom describes when your Power of Attorney for Finances and your Power of Attorney For Health Care end, and your named Agent no longer has authority to act on your behalf.

My law school professor suggested that every husband should prepare his wife to be a widow…..same holds true today for a wife preparing her husband to be a widower.
#Michigan #Spouse #Widow #Widower #Finances #funeralplanning #EstatePlanning

Tom answers this most frequently asked question...

Tom discusses how to reject an inheritance by using Disclaimers…What they are…how they work…what they are used for. (Episode #168)

Tom discusses a client's recent experience with the cemetery where her spouse was going to be buried, showing why it can be important to regularly visit the cemetery before you or your loved one dies

Tom discusses the use of beneficiary designations to avoid probate, and what happens if your named beneficiary dies before you.

More options, including natural burial, green cremation, and even composting, are becoming available for people who are looking for alternatives to traditional casket burial or cremation. In this archived episode Tom explains what these alternatives are, and which are available in Michigan.

Listen to today’s episode to find out if you will need new estate planning documents when you move to another State, or if you plan to spend your winters in another state.