So you’ve found us… now call!
Do you need an estate plan?
Maybe a simple will or a revocable living trust?
Are you interested in asset protection or thinking about starting a new company and need a business planning attorney because you can’t decide between an LLC or an S Corporation? We put ours together let us help you with yours.
Maybe you already have a business and need some legal advice. Maybe you need some help with both your business and your estate, these usually go hand in hand.
To get the desired outcome, make a plan.
If someone even hints long term care (i.e. onset of Dementia or Alzheimer’s) may be necessary or wanted… YOU HAVE TO CALL. We cannot stress enough how limited options become if you attempt to handle elder law issues after people enter a nursing home or Assisted Living or handle assets wrong and get disqualified from receiving what everyone is legally entitled to… DON’T LET THE STATE OF MICHIGAN TAKE YOUR HOME. We can help prevent estate recovery in Michigan if your loved one needs or receives Medicaid and long-term care.
Now is the time to address your estate or business planning concerns. We can help.We draft estate plans, i.e. wills, trusts, business planning, formation, governance, succession, etc… and now, here in MICHIGAN, we can actually do asset protection trusts as of February 5, 2017. Prior to this it could only be done in Delaware, Nevada, Alaska and a handful of other states.
READ OUR ARTICLE DOMESTIC ASSET PROTECTION TRUSTS or DAPT’s, click here
We work with individuals, families, small and family business owners, farmers and even with pet owners, yes people plan for their pets too.
We are members of the State Bar of Michigan Probate and Estate Planning section and Elder Law Section (http://www.michbar.org) as well as of Wealthcousel, www.wealthcounsel.com, the Institute of Continuing Education (www.icle.org), and The National Academy of Elder Law Attorneys (NAELA) (www.naela.org) and are a certified Veterans Attorney. All the attorneys have obtained their certificate of completion in Estate Planning and Probate offered by ICLE.
Our goal is to provide good service and good work product, for a fair price.
What’s your goal?
Answer YES to any of these and you should make estate planning a goal…. so call us, we only charge if we can help and make a plan to meet in person, info calls are free!
- Do you have children, especially minor children or children with special needs?
- Is your tax bracket in excess of 15%?
- Are you interested in Michigan’s ABLE account, to help one’s with disabilities achieve a better life experience, i.e. MIABLE?
- Are you concerned about protecting your assets?
- Do you or your spouse expect to receive an inheritance sometime in the future?
- Do you have some children who are financially better off than your other children?
- Are you in a second marriage?
- Do you have step-children?
- Do you have some children who know how to manage money and some who don’t?
- Is the size of your estate anywhere near $11,400,000 (if single) or twice that if married?
- The federal estate and gift tax exemption increased to $11.4 million per individual in 2019, compared to $11.18 million in 2018. A married couple will be able to protect up to $22.8 million from federal estate and gift taxes. See our article on 2019 Estate Taxes and Gifting Limits Update
- Would you like to leave something to your favorite charity?
- Do you own property in more than one state or in a foreign country?
- Are you an alien–nonresident, resident, soon to become resident?
- Would you like to minimize income taxes when your estate passes from one person to another?
- Do you have adopted children? Do your kids?
- Are you divorced or re-married? Are you contemplating marriage?
- Do you have health concerns?
- Have any animals? Who will take care of them if something happens to you?
- Anyone need protection like older adults?
Get the picture?
“If you answered yes to any one of these questions, you should do estate planning, and you need a plan…. so call us or some other planning attorney.” Just make one!
If your goal to do business planning or resolve a business problem, we can help too. Such planning comes with its own list of concerns, many of which you may not have considered:
If you’re starting a business, which entity form should you choose? Sole proprietorship? Partnership? S or Corporation? LLC? LLP? PLLC? etc.
Do you want to be taxed like a corporation or like an individual?
What about self-employment taxes? Is there a way to reduce those?
How can you maintain control of the business?
What happens when you decide to sell or simply shut your business down? What about passing it on to the next generation?
What if you want fringe benefits? How should that impact what entity you choose to form your business?
What state should you form your business in? What happens if you organize your business in one state but run it in another?
Etc. etc. etc.
If any of these questions caused you to pause and think, then maybe a red flag is waving to get your attention. If so, we can help.
Plan. Get it done and move forward.
Let us help. Let us walk you through the planning process, so both you and those who depend on you derive the greatest benefit from your hard work.
Contact us
info@michelderlaw.com
(231) 715-1401