What you should know about advance care directives

On behalf of Bebout, Potere, Cox & Bennion, P.C. posted in estate planning on Monday, November 6, 2017. You may have already spent some time making some end-of-life plans, but a Michigan will or trust often only addresses part of the equation. At Bebout, Potere, Cox & Bennion, PC, we
Feature image not available

Should a 529 Savings Plan be part of your estate planning?

On behalf of Bebout, Potere, Cox & Bennion, P.C. posted in estate planning on Sunday, March 26, 2017. A common theme in estate planning is providing for the educational costs of beneficiaries. Today’s post takes a look at an increasingly popular option, tax-advantaged 529 savings plans. This type of plan
Feature image not available

Can you create a trust for your estate plan on my own?

On behalf of Bebout, Potere, Cox & Bennion, P.C. posted in estate planningon Monday, March 6, 2017. With the wealth of information available on the Internet, individuals may wonder whether they could set up a trust on their own. According to the Michigan State Bar, it is highly risky, although not illegal, for
Feature image not available

When should you discuss your advance health care directive?

On behalf of Bebout, Potere, Cox & Bennion, P.C. posted in estate planning on Monday, February 20, 2017. A comprehensive estate plan can include an advanced health care directive, also known as a living will. This document describes an individual’s treatment preferences, such as hospice preferences and/or life-sustaining measures in
Feature image not available

Are certain estate assets difficult to value for the IRS?

On behalf of Bebout, Potere, Cox & Bennion, P.C. posted in estate planning on Monday, January 23, 2017. For readers of this blog, recommending a will may be akin to preaching to the choir. Yet a surprising number of Americans fail to heed this advice, including the late singer Prince.
Feature image not available

How does the Estate Tax Impact a Family-Owned Business?

On behalf of Bebout, Potere, Cox & Bennion, P.C. posted in estate planning on Monday, February 13, 2017. Many people who have heard about the estate tax, also known as the death tax, are worried about how to protect their assets. As estate taxes could wind up compromising up to
Feature image not available

Using a Safe Deposit Box as Part of an Estate Plan

On behalf of Bebout, Potere, Cox & Bennion, P.C. posted in estate planning on Friday, January 13, 2017. The safe deposit box is a common place to put expensive items and important documents. These locked boxes are kept in vaults in a bank, which makes them look like very secure
Feature image not available

You need to make an estate plan to prevent intestate succession

On behalf of Bebout, Potere, Cox & Bennion, P.C. posted in estate planning on Tuesday, November 15, 2016. According to a recent estimate, over half of Michigan’s residents have no estate plan in place. Thinking about the transfer of assets in one’s estate can be a daunting task, to be
Feature image not available

Tips regarding the practical aspects of estate planning

On behalf of Bebout, Potere, Cox & Bennion, P.C. posted in estate planning on Monday, January 9, 2017. You may have gone through the work of creating a revocable trust. However, unless you have retitled assets in the name of that trust, all you have is essentially a piece of
Feature image not available

An Overview of Types of Trusts

On behalf of Bebout, Potere, Cox & Bennion, P.C. posted in estate planning on Friday, December 23, 2016. Many people start to think about planning for the future of their estate when they find out about the estate tax. For those that don’t know, the estate tax is a tax
Feature image not available