People work their whole lives to gain financial stability and to provide for their families. When it comes to estate planning and asset transfers, it is important to be aware of your full scope of options. Designating Life Gifts are a way of determining where your money goes someday.
Creative Estate Planning – Life Gifts
As someone who has worked hard to provide for your family, you want to ensure that the money you have earned one day gets passed on to them or to a charity of your choosing. However, gift taxes, estate taxes and generation-skipping taxes are all a concern. It may be difficult to stay in control of your assets. You may be worried that the assets and property you plan to pass on will not make it into the hands of your desired beneficiaries. Without proper planning, these are all legitimate concerns.
- Planned giving/charitable gifts: Making a monetary gift to a charity or organization can be done through a trust. We can help you establish a trust that will direct your finances to your charity of choice, and help you take advantage of tax benefits.
- Asset transfers: Trusts are often used to conduct assets transfers. We can help you establish a trust to transfer assets, or explore other options such as a buy-sell agreement or land transfer.
Depending on your wishes, there may be other estate planning options that help you meet your goals for the future. During your initial consultation, we review your paperwork and go over your specific options in regards to life gifts.
Contact the estate planning attorneys at Kathryn Wayne-Spindler & Associates at 248-676-1000 to discuss planned or charitable giving, life gifts, asset transfers and other legal options to protect your hard-earned assets.
Kathryn Wayne-Spindler & Associates have many satisfied clients throughout the five counties of Southeastern Michigan – Oakland, Washtenaw, Wayne, Genesee and Livingston. The Michigan Family Law Attorneys of Kathryn Wayne-Spindler & Associates have one simple objective: to handle our clients’ legal worries so they can concentrate on life and family. Contact Kathryn Wayne-Spindler & Associates today to learn more about our experience and success at 248-676-1000. We are conveniently located in Milford, Michigan. We help clients throughout Milford; Highland; Hartland; White Lake; Commerce; Waterford; West Bloomfield; Walled Lake; South Lyon; New Hudson; Wixom; Linden; Holly; Fenton; Grand Blanc; Flint and many more local communities.