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Blog Posts in Estate Planning

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  • Estate Planning with a Tangible Personal Property List
    Estate Planning with a Tangible Personal Property List

    Many individuals want to give family heirlooms or other items with sentimental value to specific loved ones in their estate plan . While these items can be listed individually in a last will and ...

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  • Choosing the Right Special Needs Trust
    Choosing the Right Special Needs Trust

    A special needs trust, which is also called a supplemental needs trust, can provide financial support for an individual with special needs without interfering with their ability to qualify for ...

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  • What Are the Duties of an Executor or Personal Representative of a Will?
    What Are the Duties of an Executor or Personal Representative of a Will?

    When you make a Last Will and Testament, you designate a person to serve as the executor of your estate, which is called a personal representative in Michigan. A personal representative in a will has ...

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  • The Difference Between Per Capita and Per Stirpes Beneficiary Designations
    The Difference Between Per Capita and Per Stirpes Beneficiary Designations

    When you make a Last Will and Testament or establish a Trust, you designate beneficiaries to receive property under the Will or through the Trust . You can provide that beneficiaries inherit through ...

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  • Significant Changes to the Federal Estate and Gift Tax Exemption Pending in Congress
    Significant Changes to the Federal Estate and Gift Tax Exemption Pending in Congress

    The United States Senate is considering significant changes to the federal estate and gift tax exemption. If the proposed legislation passes both houses of Congress and is signed by the President, the ...

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  • Revocable v. Irrevocable Trust: What’s the Difference?
    Revocable v. Irrevocable Trust: What’s the Difference?

    Trusts are a valuable estate planning tool. A trust can accomplish a wide range of purposes. Since the goals determine the nature of the trust, there are many kinds of trusts. But every trust is ...

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