To begin the new year, Tom reviews many of the 2024 changes relevant to estate planning and settlement, including Estate and Gift Taxes, Retirement contribution amounts, 529 Plans and Michigan Durable Powers of Attorney.

If you have been appointed as financial and/or medical power of attorney, be sure you understand the limits on your authority.

A witness can serve an important function in the execution of your Durable Power of Attorney. Be sure you understand the execution and witnessing requirement for your Durable Power of Attorney.

If you are going to have a trust as part of your estate plan, be sure that you understand important differences between a Testamentary Trust and a Living Trust.

Sometimes, questions that have to be asked to prepare your estate plan are uncomfortable. They are not being asked by the attorney simply to be nosy, but are being asked to make sure that an appropriate estate plan is being prepared for you.

A witness serves an important function in the execution of your Power of Attoney for Health Care. Be sure you understand who cannot be a witness to your Will Power of Attoney for Health Care.

A witness serves an important function in the execution of your final Will. Be sure you understand who can and cannot be a witness to your Will

Be sure you understand how your heirs might be affected by new IRS rules changing how step-up in basis applies to certain assets.

You are sending your student away to college, but does she have theses 2 documents that every college student should have?

Not sure if you need a Trust or a Will? Here are six reasons for choosing the Trust