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December 2015 Archives

Trusts can be used to lower impact of rising interest rates

It is important for Michigan residents to understand the economic climate that the country is facing. By understanding big picture issues, people can better plan how to use these situations to their advantage. The past decade, America has seen a deep recession and an economic recovery. While people may not realize it, this has a huge effect on their estate plans. A big part of estate planning must include how a person's assets will be distributed after the person has passed.

Funding a living trust

A trust can be an important part of a person's estate plan. People can rely on the terms of the trusts to carry out their wishes after they have passed away. A trust may have many other benefits for individuals in Michigan and for their families.

Do charitable trusts have a tax advantage?

When people are estate planning a Michigan, they often need to determine how to distribute their assets following their deaths. People have many options when it comes to asset distribution. In some cases, people may choose to give their assets to family and friends. However, people may also want to give to those in need. One way to do this is through the use of a charitable trust.

Understand how a power of attorney can work for you

Michigan residents need to plan for the good times and the bad. People spend their entire lives making plans for what they will do today, tomorrow or next month. They make detailed lists about what they need to purchase each week, or what they need to get for a special occasion.

Dementia, wills and capacity issues

Older Americans can face a variety of health problems. As America's baby boomers age, these problems are becoming more prevalent in our society. One of the most devastating diagnosis that a person can receive is that of dementia. Dementia occurs when adults are diagnosed with a variety of diseases. These diseases can include Parkinson's disease, Alzheimer's disease and other disorders. People with dementia are often unable to live independently or to make decisions in their best interests.

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