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Battle Creek​

269-441-4143​

Jackson​

517-795-2025​

Kalamazoo

269-441-4099

Battle Creek​

269-441-4143​

Jackson​

517-795-2025

Kalamazoo

269-441-4099

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Estate Planning Services

Estate Planning Services

Battle Creek, MI Estate Planning | Kalamazoo, MI Estate Planning | Jackson, MI Estate Planning | Nationwide Estate Planning
The Unified Estate and Gift Tax Credit was raised to $5,340,000 for 2014. This change basically eliminates the estate tax, commonly referred to as the death tax. Don’t ignore your estate plan because of it though. Your managing a great deal of control in your financial documents.
Beneficiary designations are followed by the courts before beneficiaries designated in your will. It’s critical to keep your beneficiaries up to date. Your will may tell the court that everything goes to your spouse, but if your sister is the beneficiary on an old 401(k), your sister will inherit the 401(k) instead of your wife. Competent advice will help you avoid many costly mistakes, including this one. Professional advice for estate planning
Generations Financial Planning works with your attorney to create well thought out estate plans. We continually review your information, including beneficiaries and tie up loose ends. We make sure you pass your wealth to the next generation simply and efficiently.

What about you

What steps should you take to plan your estate?

Designated Beneficiaries on Financial Accounts :

If you live in Michigan, you should have Primary and Secondary Beneficiaries on all financial accounts

A Will :

Each person should have their own will. Your will designates where you want your property that doesn’t have a beneficiary attached to it to go when you pass away. You can name one person to receive everything or you can name many people. You can even make sure your nephew gets that special watch he has always admired. Your will can also designate a Guardian for your children and you can create a trust for any minor children as a paragraph in your will.

Trusts :

Trusts are a great way to avoid probate and control distributions of assets after death. If you die with a will the probation of the will has to go through the courts and the contents of the estate can be found in public records. A trust on the other hand is a private matter and can avoid probate. In the case of a special needs beneficiary or a spendthrift beneficiary the trust can control distributions after death according to need or a pre-determined schedule. If a couple has assets above the level that can trigger estate taxes trusts can be constructed to reduce or eliminate estate taxes.

Power of Attorney (POA) :

This document is important while you are alive. It allows your agent to act on your behalf in financial matters. You spell out what type of powers you grant that agent and when he or she has those powers. You could give the power to sell stocks, gift money from your bank account, or even sell your house.

Living Will :

The lack of this document created the Terri Schiavo controversy. Some people refer to this document as the “pull the plug decision.” It is not easy to think about, but you can save your family a lot of stress by making this decision while you are healthy and of sound mind.

Health Care Power of Attorney :

In the event that you become incapacitated, this document will allow the agent you selected to make health care decisions for you. This can be very relevant when two family members disagree over how to proceed with your medical care. This document lets everyone know who you trusted to make some difficult decisions regarding your health.

How Can We Help

We make it easy for you to understand, invest, and plan financially for the life you want. If you are serious about planning for your future, we want to meet with you. 

Simply fill out a brief survey and we will be in touch to schedule a time to meet. 

Or call us at (269)-441-4090

Complimentary Consultation

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  • Battle Creek office phone:
    269-441-4143
  • Kalamazoo office phone:
    269-441-4099
  • Jackson office phone:
    517-795-2025
  • Fax:
    866-381-2301
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Securities offered through Cambridge Investment Research, Inc., a Broker/Dealer, Member FINRA/SIPC. Advisory Services offered through Cambridge Investment Research Advisors, Inc., a Registered Investment Advisor. Fixed insurance offered through Generations Financial Planning & Wealth Management. Cambridge and Generations Financial Planning & Wealth Management are not affiliated. Cambridge does not provide tax or legal advice.

Advisory services available in all 50 states. Information relating to securities is intended for use by individuals residing in: Alabama, Florida, Georgia, Indiana, Maryland, Michigan, Pennsylvania, Tennessee, Texas, Virginia, Washington, Wisconsin and the U.S. Virgin Islands only. This is not an offer to sell securities, which may be done only after proper delivery of a prospectus and client suitability is reviewed and determined.

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Contact Us

269-441-4143

517-795-2025

269-441-4099

866-381-2301

[email protected]

77 E Michigan Ave,
Suite 140
Battle Creek, MI 49017

977 Airport Rd.
Jackson, MI 49202

1803 Whites Rd. Suite 6.
Kalamazoo, MI 49008

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