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Legacy Planning: The Ultimate Gift

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Can I Age in Place?

As with anything in life, our individual preferences and circumstances will vary. Some may want to ‘age in place,’ while others may need to consider other housing options.
05/23/24 • by: Law Office of Michelle Adams
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Ever Wonder How the Very, Very Rich Pass Wealth to Their Children?

If you’re part of the baby boomer generation, you may be in the process of making plans to pass on any assets you have to your children and other beneficiaries.
07/06/23 • by: Law Office of Michelle Adams
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What Are The Benefits Of Creating A Life Estate?

A life estate is a form of property ownership that splits control and ownership of a property. The person who creates the life estate for their home and assets is known as the life tenant. Though the tenant retains control of the property, they share ownership during their lifetime with the remainderman, a legal term referring to the estate's heir.
07/06/23 • by: Law Office of Michelle Adams
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How Gifting and Joint Ownership Can Go Wrong

There is a popular misperception among many seniors that in order to protect their assets from creditors, including the cost of nursing home care, they should consider gifting their assets to their children.
07/06/23 • by: Law Office of Michelle Adams
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Who Will Inherit Tina Turner’s Fortune?

Tina Turner’s husband is set to inherit nearly half her estimated $250 million fortune.
07/06/23 • by: Law Office of Michelle Adams
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How Do I Transfer Vehicle Ownership of a Deceased Relative?

One common question executors may have to deal with is how to transfer a car title after the owner dies.
07/06/23 • by: Law Office of Michelle Adams
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How Do Beneficiary Designations Work?

When was the last time you updated, or even thought about, the beneficiary designations listed on your retirement accounts, life insurance, or annuity contracts? If you don’t remember, it’s time for a review!
07/06/23 • by: Law Office of Michelle Adams
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What Should I Do Now for a Successful Business Succession?

If there’s one thing that’s certain, it’s life’s uncertainty. While we all hope for the best, as a business owner, it’s important to be prepared for anything. Having an answer to life’s curveballs can help you stay in business, ensure that your legacy lives on, and that your business partners and family are taken care of.
07/06/23 • by: Law Office of Michelle Adams
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How Estate Planning Transfers Business Interest with Limited Liability Companies

An LLC is a particularly flexible form of business entity that is governed by statute and most often is organized in the estate planning context as a ‘manager managed’ LLC.
07/06/23 • by: Law Office of Michelle Adams
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Start Planning Now for Coming Changes in Estate Tax Exemption Levels

Clients with sufficient wealth to leave them exposed to future estate tax burdens need to understand that the time to act on the generous estate tax exemption established in 2017 by the Tax Cuts and Jobs Act is now—not when the expanded exemption sunsets the end of 2025.
07/03/23 • by: Law Office of Michelle Adams
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Regardless of your income level or celebrity status, everyone will leave a legacy. And author Michelle Adams helps you to be intentional about building a strong family legacy. Order a copy today!
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