» Discover Estate Planning Mistakes to Avoid With Michigan Estate Planning Attorney

Discover Estate Planning Mistakes to Avoid With Michigan Estate Planning Attorney

Bloomfield Hills, MI (Law Firm Newswire) March 15, 2013 – A Michigan estate planning and elder law attorney is presenting a free seminar on common estate planning mistakes to avoid.

Christopher Berry, certified Michigan elder law attorney from Witzke, Berry, Carter & Wander PLLC of Bloomfield Hills, an expert in estate planning, veterans benefits, Medicaid, life-care planning and the Affordable Care Act, is hosting a seminar for the public on common estate planning mistakes to avoid on Sunday, March 10 at 1:30 at Maple Village Senior Living, 6257 Telegraph Road, Bloomfield Hills, Michigan. Interested attendees are advised that seating is limited. Contact Gloria to reserve a seat at 248-0723-6275.

“The good news is that, while we see among our clients that these estate planning oversights are commonplace, all of them are easily remedied,” says estate planning lawyer Christopher Berry. “And the time and cost it takes to work with an estate planning lawyer to remedy these oversights is just a small investment in the future of your estate, and will make a huge impact on your own security and the assets you leave for your loved ones.”

Common mistakes discussed will include dying intestate, i.e., without a will or other form of estate planning. Without estate plans in place at the time of passing, an individual’s assets are usually distributed according to what the Probate Court deems best. This can cost the estate substantial tax losses, and is also a public process, which allows creditors and others complete access to all available information about the estate.

Other common mistakes include: simply passing property directly to children without stipulations to protect the assets; failing to formalize joint property issues; not having one of the many possible types of trusts in place; not properly funding a trust; not regularly reviewing documents after establishing them; and either failing to establish, or not properly establishing a living trust, or advanced healthcare directive, to ensure wishes are followed during an incapacitating injury or illness.

Mr. Berry is an established public speaker on topics concerning estate planning and elder law. He is a Certified Elder Law Attorney (CELA), well-versed in the legal issues and estate planning challenges faced by the clients he works with as part of his comprehensive practice.

Learn more at http://www.michiganelderlawattorney.com/

The Elder Care Firm of Christopher J. Berry
2550 S Telegraph Rd.
Ste 255
Bloomfield Hills, MI 48302
Local: 248.481.4000
Toll free: 855-41-Elder (855-413-5337)

  • Massive Changes to Medicaid Planning in Michigan For Married Couples using Sole Benefit Trusts
    Today, the Department of Human Services made huge sweeping, unforeseen changes to Medicaid planning for Michigan married couples with their change in analysis of the Sole Benefit Trust and how it fits into the asset calculation. According to a communication from Terrence M. Beurer, Director, Field Operations Administration, all SBO Trust assets are deemed countable […]
  • Philip Seymour Hoffman Leaves his Children Zilch…$35Million to his Partner
    Phillip Seymour Hoffman died at the young age of 46, with three children, all under the age of 11.  With his estimated $35 million fortune in his estate, he made the bold decision to disinherit his children, leaving the bulk of his $35 million to his partner, Mimi O’Donnell, according to an article on Today.com. […]
  • Is your Michigan Caregiver for Your Senior a Felon?
    According to a disturbing article in the Daily Reporter, convicted felons are being paid to take care of our Michigan seniors, according to a staffer at the Area Agency on Aging. Melissa Franklin of the Area Agency on Aging states, “We have multiple care providers now who are on the sex offender registry.  There is […]
  • BIG NEWS: Supreme Court Holds Inherited IRAs are Not Protected Anymore
    In the big news department, the Supreme Court held in Clark v. Rameker that inherited IRA’s are not asset protected.  There were differing opinions on whether an inherited IRA would be protected against bankruptcy, however it is now clear that they are not. Here’s the facts, at death Ms. Heffrom owned an IRA worth about […]

See other news sources publishing this article. BETA | Tags: , , , , , ,

Get headlines from Law Firm Newswire sent right to your inbox.

* indicates required