MICHIGAN ESTATE PLANNING

GREAT LAKES BAY LAWYERS - Smith Bovill, P.C. - Providing quality legal services throughout Mid-Michigan

Jan 4, 2018

Do TOD and POD Designations Really Work?

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“ T .O.D.” (Transfer on Death), and “P.O.D.” (Pay on Death) designations have become common with most financial institutions.  These are ess...
4 comments:
Feb 10, 2017

Designating IRA and other Qualified Plan Beneficiaries

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Please note that this is a very complex area and what follows is generalizations.  This is an area that should be reviewed on a client-by-cl...
1 comment:
Jan 2, 2017

Should You Have a "Ladybird Deed" ?

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W ith all the competition for customers (from lawyers and non-lawyers alike) in the estate planning field, it is easy to see why the consumi...
2 comments:
Dec 5, 2016

Should your Children have an Estate Plan

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O ccasionally, during an Estate Planning conference with clients, this question comes up.  As an Estate Planning lawyer, I should probably b...
2 comments:
Nov 17, 2014

Welcome Clarification on Family Transfers of Residential Real Property and “Uncapping”

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The new law now provides that transfers of property into and out of a trust, and via an estate, to these family members, are exempt, in ad...
1 comment:
Mar 9, 2014

Should You have a “Ladybird” Deed?

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T wenty-five years ago, I was covering for an astute, senior partner at my first law firm employment. I got a call from the title company ...
3 comments:
Feb 25, 2013

New Michigan Law Avoids “Uncapping” in Family Transfers

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T wo years ago in March, I reported here on the Klooster v City of Charlevoix case , which addressed the issue of "uncapping" in...
2 comments:
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