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 protection for married people, and more.

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 explores The Village Movement, a national movement to keep people in their own homes, and The Green House Project, where facilities are focused on you and your wellbeing and development.

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.