Tuesday with Tom

It is not time to panic, but it is time to be prepared, and Tom suggests some things to consider as part of your preparation.

n today’s episode, Tom answer a question that many clients ask when they have a home or other land for sale, and they are working on funding their Living Trust.

How someone can steal the title to your home, or equity in your home, and how you can protect yourself.

In today’s episode Tom discusses a recent case in which a woman who was 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.

In this archived episode, Tom explains how a transfer of assets under Michigan's Uniform Transfer To Minor's Act (UTMA) can be used to provide trust like benefits for a minor until age 21

Be sure you understand how the SECURE Act, effective January 1, 2020, the most significant retirement planning legislation in decades, affects your Retirement and Estate Planning.

Tom reviews the various limitations that apply to financial and/or medical powers of attorney

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 explains why your estate plan is not complete until you have appointed a Funeral Representative….even if you have pre-planned your funeral.

In this archived episode, Tom talks about Certificate of Deposit as investments, and how to make your CD yields higher with a CD ladder.

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.

Did you know that if that child that you sent away to college is in a serious accident, you do not have any legal authority to know about, or make decisions about, their medical care just because you are their parent? Tom discusses the important legal documents that your child should have to give you that authority.

In this archived episode, Tom discusses the 5 most common lies people tell themselves to avoid estate planning...are you guilty?

In today's archived episode, Tom discusses several reasons why it might be better to leave your assets in your trust for your adult children, instead of having them inherit the property outright.

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. Tom explains what these alternatives are, and which are available in Michigan.