I ran into a situation recently with one of my clients when her husband passed away. In the process of going through their estate, she discovered that he was the only name on the deed of their house. Unfortunately for her, that meant that the estate
Last week I worked with a terminally ill client. He was so ill that he barely made it into the office and was lacking in energy to get through the process effectively. The best I could do was to set up stop gap estate planning giving him just the
When you die, a representative that you chose, often your surviving spouse, will file your final tax return. What happens beyond that, depends on your assets, your estate and distribution. Are you ready to consider your final phase of life? You may
No one wants to pay more taxes than necessary. With that in mind, today’s post discusses a few things to consider for year end planning that you should start now. Let’s discuss accelerating deductions and deferring income! Accelerating Deductions:
Please make note that the the Law Offices of A. L. Bemish, P.C. office have moved. We are now located at 9380 N. Lilley Rd., Plymouth, MI 48170. All of our phone and fax numbers remain the same. We hope to see you soon!
With all the fundraising done in the #BettyWhiteChallenge, and the spotlight on animal welfare, this question has come up - Can you leave your estate to your pet? The short answer is, no. You cannot leave money, assets or property to your pet. Law
I recently read a MarketWatch post regarding the contesting of a will where the writer's mother-in-law left everything to her second husband. The writer was wondering if her children could contest the will and what the resulting outcome might be. The
People often become irrational when it comes to the possession of land, and why not? There is substantial emotional and sentimental attachment to family cottages and land. In Michigan I frequently hear of disputes over lot lines, the edge of
Today’s blog post may seem dark, but it is a way for children to be covered financially in the event they become orphaned. Once an orphaned child gets the insurance money what should they do? Today's blog covers that by highlighting the need for
The sun is setting on another Michigan summer. Many families are spending their time on a Lake Michigan beach vacation or at the “family cottage”. Many times these cottages stay in the family for generations, and that’s how their owners want it.