What is Estate Planning?

Estate planning is a complex and important aspect of financial and life planning. Many people do not realize just how important it really is to have a plan in place that protects yourself for the remainder of your life and for what happens upon your death. It does not have to be complicated- it just has to get done!

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Mastering Trusts: Advanced Strategies for Asset Protection

In the complex world of estate planning and wealth management, trusts have emerged as powerful tools for safeguarding assets, managing wealth, and providing for future generations. While the foundational concepts of trusts are well-known, advanced strategies can elevate their utility to new heights. This blog post explores advanced trust strategies that can provide enhanced protection for your assets and help you achieve your financial goals.

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ADVANCE PLANNING SEMINAR

Sharp Funeral Homes and Abraham Law will show you how intentional planning today will protect your loved ones tomorrow. Join us for a complimentary dinner as we discuss estate planning and funeral pre-planning and see how easy it is to take the first step.

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The Importance of Estate Planning During the Coronavirus Pandemic

Who will make decisions about your finances, your health and possibly even your life if you get COVID-19?

The COVID-19 pandemic has affected all of us, literally everyone, and on a global scale. It has forced all of us to face our fears in some way, whether it’s the fear of becoming ill, losing a job, closing our business, or having to be isolated and alone. All of these anxieties and unknowns are creating a sudden and crucial need to get our affairs in order.

Not knowing what symptoms we may experience or how extreme they may be should we contract COVID-19, it is certainly important to be prepared if you do need to be hospitalized. It is scary to think about getting sick or not being able to make decisions for yourself, but an estate plan is meant to handle such situations and manage those fears. Having a plan with trusted people in place to help you in making health and financial decisions can provide peace of mind and directly eliminate the uncertainty of “what if”.

The fact is, everyone should have an estate plan, even if there is no looming health threat. And if you don’t have one, there’s no better time than now to put it together.

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What Can I do? The Circles of Concern and Influence

This is one of those lessons that is so painfully obvious it’s difficult to understand why anyone would bother to teach it. If we truly can’t change something then why would we ever spend any time on it? And yet, if you’re human like me, you know all too well that we spend a disproportionate amount of time thinking and acting on things that are fundamentally outside of our control. This element of human nature can have distracting and damaging consequences. As human beings, we have the capacity to be proactive. We can focus on the things that we can actually do something about, or we can add to the stress in our lives by worrying and fretting over the things we have no control over.

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SEMINAR EVENT: Script Your Family's Future: Why You Need an Estate Plan

Script Your Family's Future:  Why You Need an Estate Plan

Event Details • Wed, Feb. 5, 2020 at 6:00-7:30 PM

Ciao's Italian Bistro, 110 S Leroy Street, Fenton MI 48430

When it comes to your estate, even if you've taken no action at all, you still have an estate plan. Your "default plan" may be determined by the laws of your state.

We will discuss strategies you may want to consider when preparing your estate plan. Lee Napier of Edward Jones and Matthew Abraham of Abraham Law will be presenting and answering your financial and estate planning questions.  

Join us for dinner and learn valuable information.

SPACE IS LIMITED • RSVP: Please call 810.629.6589

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The SECURE Act: Things You Need To Know Right Now

The ‘Setting Every Community Up for Retirement Enhancement’ (SECURE) Act of 2019 was passed and is now in effect. Because this bill was the product of actual bipartisan effort, it should give thinking Americans a major understanding of just how important this issue really is. I mean, if the two sides of the political aisle are working together (the House voted 417 to 3!!), it certainly must be that important!

There has never been a more important time to talk to your financial and legal professionals. It is urgent to explore alternative methods for estate planning and retirement savings.

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Thanksgiving: A Good Time to Talk Estate Planning

At large gatherings of friends and family, the rule is you don't talk about politics, religion, or personal finances. So, who wants to discuss estate planning at Thanksgiving? After all, it’s a time to slow down and enjoy your family before the true holiday rush officially gets underway. Seventy percent of Americans say that their family is what they’re most thankful for as they gather around the dinner table… SO TAKE THE STEPS NECESSARY TO PROTECT THEM. It is easier than you think.

At Abraham | Law we provide practical legal services on a common-sense basis tailored to the specific needs unique to each client.

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Do you know the difference between a Medical and Durable Power of Attorney?

What is the Difference Between a Medical and Durable Power of Attorney?

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You have the freedom and ability to choose who you want to make these decisions for you and to define when and how they do so.

Estate planning can be straightforward or complex but it is vital at every level and for many reasons. It is wise for everyone to have an estate plan in place that is tailored for your specific needs and those of your family. Don’t wait to engage an estate planning attorney to create and administer your estate plan.

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The Importance of Estate Planning

Think Estate Planning is For You? Here are the Important Facts.

Estate planning may bring to mind an elderly besuited man sitting across a plush desk from an attorney, quietly discussing the disbursement of his sizeable assets to his next of kin. The notion that an estate plan is only for rich people and their business needs is simply not the case, and who better than an estate planning attorney to address this misconception?

Whether you belong to the wealthy or middle class, no matter if you’re young or old, estate planning offers necessary benefits that require your attention now.

At Abraham | Law we provide practical legal services on a common-sense basis tailored to the specific needs unique to each client.

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Why You Should Have A Revocable Living Trust

Living trusts are often the topic of small talk at social gatherings or on the golf course, but not many people know what they actually do. They are “living” because they are created now, while you are alive. You sign it and it becomes an enforceable document. Your living trust can be revocable or irrevocable. A revocable trust can be revoked or amended by you

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Should You Have A Trust?

Whether you are married or single; whether you have adult or minor children or no children, having a comprehensive and well thought-out estate plan is the smart thing to do and is always in yours and your families' best interests.

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Michigan Estate Planning Lawyer Debunks Estate Planning Myths [Part 2]

Estate planning is the process of arranging, during a person's life, for the management and distribution of that person's estate during the person's life and at and after death, while minimizing any tax consequences. Not all estate plans are created equal and should be specific to each person, couple, or family and tailored to their unique needs. Estate planning is one of the most important steps any person can take to make sure that their final property and health care wishes are honored and that loved ones are provided for in their absence. This should include financial planning and guardian designations for any minor children as well.

Unfortunately, many people postpone even rudimentary estate planning decisions because of common misconceptions based on prevalent estate planning myths.  As an experienced Michigan estate planning lawyer, Mathew Abraham often receives calls from people after they have already experienced the consequences of inadequate estate planning that results in frustrated intentions, unnecessary probate, personal family turmoil, or tax expenses and loss of control of health care decisions.  This article is intended to dispel some common myths about estate planning to help promote better planning and decision-making.

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Michigan Estate Planning Lawyer Debunks Estate Planning Myths [Part 1]

While estate planning objectives and the best options for achieving those goals can vary dramatically, all adults can benefit from at least a simple estate plan.  A range of factors might dictate an individual’s specific estate planning needs, such as a simple will, living trust, financial power of attorney, advance health care directive and more.  Unfortunately, many people postpone even rudimentary estate planning decisions because of common misconceptions based on prevalent estate planning myths.  As an experienced Michigan estate planning lawyer, Mathew Abraham often receives calls from people after they have already experienced the consequences of inadequate estate planning that results in frustrated intentions, unnecessary probate, personal family turmoil, or tax expenses and loss of control of health care decisions.  This article is intended to dispel some common myths about estate planning to help promote better planning and decision-making.

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If It Doesn't Suck, It's Not Worth Doing

Benjamin P. Hardy contributed an article to Inc.com that I believe might be one of the most insightful articles I've read this year.  We all know much written by Mr. Hardy in this article to be true. Take a read and see for yourself. It may just give you a clearer perspective to move you forward in your endeavors, whatever they may be.

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