Tuesday with Tom

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

In today’s archived episode Tom discusses a case in which a woman in a long-term care facility died because there was confusion about her end-of-life wishes as documented in her chart and her Living Will.

Are you interested in protecting farmland from being developed? In today's podcast Kara O'Connor, from American Farmland Trust, explains what agricultural conservation easements are and how they are used to protect farmland from development.

Tom discusses several ways that SECURE 2.0 Act, signed into law in late December 2022, might affect your retirement planning.

Tenants in Common ... Joint Tenants ... Joint Tenants with Rights of Survivorship ... Tenants by the Entireties. Be sure you understand how you own your Michigan real estate.

As a follow-up to last Week's episode about how to reject an inheritance, Tom discusses 6 times when it can make sense to say No to an inheritance.

Disclaimers…What they are…how they work…what they are used for

Does today’s volatile stock market and uncertain economy have you worried? Tom discusses Certificates of Deposit as investments, and how to make your CD yields higher with a CD ladder.

Just like your home, spring is a good time to clean your estate plan.

The Roth IRA "five-year rule" can trigger an unexpected tax bill, even after age 59 1/2.

Enjoy our 7th anniversary podcast in which Tom plays the very 1st poscast from February 23, 2016.

If you are thinking about naming a sibling as a beneficiary on a life insurance policy to manage the insurance proceeds for your minor child in order to avoid probate, STOP! Listen to today’s episode.

If you have a manufactured or mobile home in mobile home park, you will want to listen to this episode.

Be sure you understand what your pour-over Will does, and does not, do.

Calling upon his 40+ years of experience in working with clients, Tom explains what every estate plan must include.

If you want to avoid probate, here are 6 strategies that you can use.

Your age plays a big role in how much you can expect to receive from Social Security and what you need to do to avoid retirement account penalties. Remember to factor these important ages into your retirement plan.

Have you received an Inherited IRA? These are the rules and deadlines you should know to avoid taxes and penalties.

If you don’t want your estate to pay 40% to Uncle Sam, you need to understand scheduled changes to the Death Tax and your planning options.

If you thought that your risk of dying was greater during times of economic uncertainty, would you make sure that you get your estate plan prepared now rather than waiting for better economic times?

Make sure that your family can assess your important online information after you die. Many of the tech companies now make it easy for you to name someone who can access your account after your death.

If you are wondering if you should have a lady bird deed, this episode is for you.

Are you considering a 1031 like-kind exchange to avoid capital gains tax on the sale of real estate, but don’t want to actively manage real estate? Are you simply interested in an income stream? You might consider a Delaware Statutory Trust (DST).

Don’t accidentally uncap your property taxes when you transfer Michigan real estate. You need to know how to use a Property Transfer Affidavit to avoid uncapping when the transfer is exempt from uncapping.

If you are an older American thinking about getting married, you might be surprised to learn that you might end up paying higher income taxes as a married couple, and be exposing your states to higher Medicaid spend down requirements.