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O'Reilly Rancilio Legal Blog

What are power of attorney and the health care directive?

Power of attorney and the health care directive are two aspects of your will and estate plan that dictate who will make financial decisions on your behalf, and how you should be medically treated in case you are incapacitated (respectively). As you c… Read More
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Categories: Estate Planning

Your will is not written in stone - for the most part

We are finishing up our discussion of the various ways a testator can change his or her will. There are codicils and separate writings, for example, that can amend or supplement an existing will. And, over the past couple of decades, technology has m… Read More
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Categories: Estate Planning

In probate, fully executed does not mean written in stone p2

We cannot overstate the importance of having a sound estate plan. Remember, if you do not have a will, the state has one for you, and the state’s plan may be exactly what you do not want to happen to your property. The only way to make sure you… Read More
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Categories: Wills

In probate, fully executed does not mean written in stone

If we all lived in a Dickens novel, a funeral would be followed by a somber meeting of the deceased’s family members. A distinguished lawyer would be behind an enormous desk in a book-lined room, and the heirs — or likely heirs — wo… Read More
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Categories: Wills

An estate plan is more than the sum of its parts, whatever they are

We talk about estate plans all the time, but it occurs to us that we have not really reviewed the individual components of an estate plan. This is definitely an a la carte menu: Personal circumstances dictate what any one person needs at any given ti… Read More
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Categories: Estate Planning

Ho Ho Holy cow, is your estate plan ready for 2016?

If you are done with your holiday shopping and wondering what to do with your time, you may want to pull out your estate plan to make sure everything in it and everything affecting it are up to date. Before your credit card bills come in, take a few… Read More
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Categories: Estate Tax

What is a life settlement? Does Michigan regulate them?

We are talking about life insurance and its place in an estate plan. As we explained in our Nov. 16 post, life insurance can be part of a retirement plan, too. If you own your own policy, and the policy is for permanent life insurance, you may be abl… Read More
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Categories: Estate Planning

'Life insurance, meet my retirement plan and my estate plan'

A life insurance policy can be an important part of an estate plan for a few reasons. First, the payout is not counted as taxable income. Also, the payout processes more quickly than a lump sum bequest. While your personal representative goes through… Read More
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Categories: Estate Planning

Do I have to share my trust fund in a divorce? p2

On its FamilyFacts.org website, the conservative Heritage Foundation has collected some interesting statistics about inheritance and divorce that we thought fit nicely with our discussion of property division in divorce. Research has shown, for examp… Read More
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Categories: Estate Planning

Do I have to share my trust fund in a divorce?

When you write a will or establish a trust, your goal is to make sure your property is distributed according to your wishes after your death. You want to avoid conflict, and you want to maximize the value passed on. It’s that basic. Or is it? Y… Read More
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Categories: Trusts

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Nov
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Congratulations to O’Reilly Rancilio founding member, attorney John Nitz, on receiving Distinguished Volunteer recognition from Advancing Macomb. Mr. Nitz is a fou… Read More
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Attorney Sean M. Colonna has joined O’Reilly Rancilio P.C. as an associate in the firm’s estate planning, business law, and litigation and disputes practice area… Read More
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