Wakefield Law, PC

Does Your Estate Plan Include a Funeral Advocate Designation?

Estate planning is often focused on the big picture: wills, trusts, and powers of attorney. These are great tools for estate planning but one critical detail often overlooked is who will handle your funeral arrangements. In Michigan, a funeral advocate designation ensures your wishes for your final arrangements are respected. But what exactly is a

Does Your Estate Plan Include a Funeral Advocate Designation? Read More »

Avoiding Probate for Small Estates: A Practical Solution

Dealing with the estate of a loved one after their passing can be a complex and emotionally taxing process. If your loved one’s affairs require probate court, this adds stress to the grief of losing a loved one. Probate court administration is a procedure that can be time-consuming and expensive. However, for those who have

Avoiding Probate for Small Estates: A Practical Solution Read More »

Kamala Harris Reveals Estate Tax Policies Including 55 Percent Estate Tax

In August, presidential candidate Kamala Harris disclosed some of her proposed tax policies. Kamala Harris’s proposal brings significant changes to estate planning that would increase taxes and substantially impact how individuals and families manage their wealth and plan for the future.  This article covers a few of the proposed policies and their implications. To read

Kamala Harris Reveals Estate Tax Policies Including 55 Percent Estate Tax Read More »

The Importance of Reviewing your Estate Planning Documents during an Election Year

When a new, or incumbent, candidate is elected to become the next president of the United States of America, you can confidently assume that this new candidate will integrate their political agenda into the current tax code. Therefore, the United States tax code and many other relevant administrative rules are updated frequently to reflect the

The Importance of Reviewing your Estate Planning Documents during an Election Year Read More »