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Jerry Reif
I am in Saginaw, Michigan. My law practice has helped clients all over Michigan to avoid many legal problems.
I help people stay out of legal trouble by planning ahead for their estate planning, business succession planning and nursing home and elder law issues.
Interests: Mostly, i love to travel especially with my family. i have driven motor homes to every border of the continental United States and as a private pilot i have enjoyed travelling to some of the Florida and Arizona sites.
Recent Activity
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“Should I terminate these trusts and just have my children as beneficiaries of my investment accounts and life insurance?” Continue reading
Posted 7 days ago at Michigan Estate Planning Blog
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“Do I need a trust in case something happens to me?” Continue reading
Posted Jul 8, 2021 at Michigan Estate Planning Blog
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“The biggest misconception people have about estate planning is that “they are not that old and can do it later,” say almost half (49%) of advisors in a recent Key Private Bank Advisor Poll on estate planning. Yet, the majority (73%) of advisors say the ideal age to start putting an estate plan in place is before 40—earlier than many people think.” Continue reading
Posted Jun 22, 2021 at Michigan Estate Planning Blog
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“The word “estate” has always been connected to “ultra-rich” families, those with a lot to leave behind after their death. However, definitions have changed, and anyone who has anything to leave behind needs to plan their estate. “Estate planning” essentially becomes your family’s guidebook, once you are no longer in the picture. Sounds important? Definitely, and here’s why.” Continue reading
Posted Jun 10, 2021 at Michigan Estate Planning Blog
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“Wealthy families could face combined tax rates of as much as 61% on inherited wealth under President Joe Biden’s tax plan, according to a recent analysis.” Continue reading
Posted May 24, 2021 at Michigan Estate Planning Blog
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“Leaving behind a home for a loved one to inherit is a huge gift, but without the right planning, it could be an equally large headache.” Continue reading
Posted May 3, 2021 at Michigan Estate Planning Blog
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“Many baby boomers may hesitate to discuss money with their children. However, the reality is that a massive amount of wealth will be transferred in the next couple of decades. Cerulli Associates estimates that about $68 trillion will move between generations within 25 years, with most of those assets transferred to Generation X households.” Continue reading
Posted Apr 26, 2021 at Michigan Estate Planning Blog
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“Vanguard has sent me a beneficiary designation verification letter. For the primary beneficiary, it says it will be the person I am married to at the time of my death. For the secondary beneficiary, it says, my descendants “per stirpes.” I have one child. Should the beneficiary designation include his name?” Continue reading
Posted Apr 19, 2021 at Michigan Estate Planning Blog
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“The overdue decision to stop publishing certain Dr. Seuss books, because they contain racist imagery has caused quite a hullabaloo — a Seussian word, if there ever was one.” Continue reading
Posted Apr 8, 2021 at Michigan Estate Planning Blog
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“Over the years, several high-profile celebrities have died without either properly updating their estate plan or having one at all. The list includes Princess Diana, Prince, Heath Ledger, Michael Jackson and Kurt Cobain, all of whom were worth millions and among the most famous people on the planet at the time of their death.” Continue reading
Posted Mar 29, 2021 at Michigan Estate Planning Blog
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“Over the years, several high-profile celebrities have died without either properly updating their estate plan or having one at all. The list includes Princess Diana, Prince, Heath Ledger, Michael Jackson and Kurt Cobain, all of whom were worth millions and among the most famous people on the planet at the time of their death.” Continue reading
Posted Mar 29, 2021 at Michigan Estate Planning Blog
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“While legally you may not need all-new estate planning documents if you move to a different state, you should have your documents reviewed by a local attorney in your new home.” Continue reading
Posted Mar 15, 2021 at Michigan Estate Planning Blog
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“Charitable remainder trusts give you more options and more control on how your heirs inherit, now that the “stretch” IRA is a thing of the past.” Continue reading
Posted Mar 3, 2021 at Michigan Estate Planning Blog
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“Charitable remainder trusts give you more options and more control on how your heirs inherit, now that the “stretch” IRA is a thing of the past.” Continue reading
Posted Mar 3, 2021 at Michigan Estate Planning Blog
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“Here’s a closer look at what per stirpes vs. per capita means.” Continue reading
Posted Feb 25, 2021 at Michigan Estate Planning Blog
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“Here’s a closer look at what per stirpes vs. per capita means.” Continue reading
Posted Feb 25, 2021 at Michigan Estate Planning Blog
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“When it comes to your retirement accounts, do you know who your beneficiaries are? These types of accounts have complex distribution rules and significant tax implications for those who inherit them. This complexity is compounded, if there are errors or missing information on your beneficiary forms, as is often the case. Add to this the game-changer SECURE ACT, the largest retirement legislation that has been passed in decades—and there has never been a more important time to review your beneficiary forms.” Continue reading
Posted Feb 17, 2021 at Michigan Estate Planning Blog
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“Depending on your family situation and the value of your estate, forming a trust can be an important addition to your farm transition plan.” Continue reading
Posted Feb 9, 2021 at Michigan Estate Planning Blog
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“Depending on your family situation and the value of your estate, forming a trust can be an important addition to your farm transition plan.” Continue reading
Posted Feb 9, 2021 at Michigan Estate Planning Blog
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“Few retirees have all of these documents that are crucial to their golden years — especially during a pandemic.” Continue reading
Posted Jan 28, 2021 at Michigan Estate Planning Blog
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“Revocable trusts are a very popular and effective estate-planning tool. However, the trust will be ineffective, if you do not actually place your assets in the trust.” Continue reading
Posted Jan 28, 2021 at Michigan Estate Planning Blog
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“A last will and testament is the foundation of an estate plan, which lets you plan for your estate after you’re gone. However, there are certain things that you might not want to put in your will.” Continue reading
Posted Jan 19, 2021 at Michigan Estate Planning Blog
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“A growing number of seniors are facing challenges to achieving financial security in retirement. From rising healthcare costs to the economic turmoil caused by Covid-19, financial stressors are leading even those who thought they saved enough for retirement to look for ways to bolster their income and savings.” Continue reading
Posted Jan 14, 2021 at Michigan Estate Planning Blog
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“Creating a will is one of the most basic elements of estate planning. There are different types of wills you can choose from, including a simple will.” Continue reading
Posted Jan 4, 2021 at Michigan Estate Planning Blog
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“Gifting sounds pretty simple, but there are many ways to do it, and several tax ramifications to be aware of as well.” Continue reading
Posted Dec 28, 2020 at Michigan Estate Planning Blog