Posts Tagged "Probate"

Where Do My Assets Go if I Die Without a Will in Michigan?

Posted by on Nov 16, 2017 in Estate Planning, Probate | 0 comments

The legal term for someone dying without a Will is “intestate”.  When someone dies intestate, they essentially have their Will written for them by the State Legislature.  There is a set of rules and priorities for determining who receives the assets of an intestate decedent, and the rules are different depending upon the marital status of the decedent and whether the decedent had children or surviving parents or siblings.

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Your Family Will Not Lose Half of Your Estate to Taxes or Probate

Posted by on Oct 24, 2017 in Estate Planning, Estate Tax, Probate, Probate Admin, Tax | 0 comments

When faced with the question “what do you want to accomplish with your plan?” many clients respond that their primary objective is avoid “giving half of their stuff to the government”. While this is a very commonly cited goal of Estate Planning, it is not a realistic concern for the vast majority of clients.

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Estate Planning Myths v. Fact

Posted by on Nov 9, 2011 in Estate Planning, Probate | 0 comments

We hear a lot of misinformation while assisting families with estate planning and probate proceedings.  Unfortunately, it is often the case that important decisions are made based on this misinformation.   Below are just a few of the many estate planning myths we hear on a regular basis: Myth #1:  A Large portion of my estate will go to the government in the form of Estate Taxes This statement is true for a very small percentage of Americans.  The reality, under current tax law, is that only those who die with a net worth in excess of $5 million ($10 million for a married couple) will owe...

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