Tom Clancy and Second Marriage Planning

With the death of Tom Clancy, famous author and minority owner of the Baltimore Orioles, we experienced some of the dynamics of a second marriage with children from the first marriage and children of the second marriage. In this particular case, Tom Clancy left...

Successor Trustee Simple Rules

When it comes to serving as a Trustee of a revocable Living Trust, it is important that you understand some very simple rules. The first rule is you were not made the fiduciary because the Trust creator wanted you to keep everyone in the dark. In other words, do not...

The Family Cottage

Summer cottages are a very common asset for many Michigan families. When you start looking at passing the family cottage down to the next generation, there are a variety of issues that need to be addressed, beyond treating everyone equally. For example, many children...

Shakespeare on Charitable Giving

In our final week with William Shakespeare and his foresight into estate planning topics, we visit Julius Cesar. Julius Cesar is not about second marriages, spend thrift children or even making bad business decisions and the transfer of assets during your lifetime....