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Fall Business Maintenance

November 16, 2018LifeFocus Admin

It is fall in Michigan (even though it certainly looks and feels like winter), and now is the time to prepare for a productive new year. For small business owners, you should be considering ways to improve your operations in 2019. One
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The Pitfalls of Using Joint Accounts

February 5, 2018March 5, 2023Ferri Law Editor

Using Joint Accounts By Matthew A. Ferri, Esq.  Do you own joint accounts or property as joint tenants? Have you considered the planning pitfalls of this way of owning property? Ownership as joint tenants (which includes joint bank accounts) is so pervasive in
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Blended Families – Five Estate Planning Challenges

February 5, 2018May 5, 2022Ferri Law Editor

Blended Families and Estate Planning By Matthew A. Ferri, Esq.  Blended families by nature bring more people to the table.  The following are only a few of the big challenges we face when estate planning for a blended family. Your Ex-Spouse A major
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Thoughtful Planning for Children

February 5, 2018February 7, 2018Ferri Law Editor

Many parents purchase life insurance, sign a will, or prepare a trust to ensure the well-being of their children. The majority of life insurance proceeds are left outright to children and other beneficiaries without a single word of instruction. This kind of
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How to Avoid Fights Over Final Arrangements

February 5, 2018February 7, 2018Ferri Law Editor

A recent article published on wealthmanagement.com[1] focuses on the importance of making final arrangements prior to death. The article highlights famous cases of Anna Nicole Smith, Ted Williams, and Mickey Rooney.  In each, the families fought over the deceased burial wishes. In
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Why You Should Proactively Plan

January 17, 2018February 7, 2018LifeFocus Admin

The headline reads: Michigan mother-of-two ‘stole $200,000 from life insurance policy her teen daughters received when their father died’ The headline leaves us asking, “how did this happen and why would a mom do this?” After reading the story, we learn that
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