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» Estate Planning

The Reasons People Fail to Create an Estate Plan

Few people wish to think about their mortality, let alone take time to plan for those they leave behind. A recent Care.com survey reveals why people fail to create an estate plan. Read More
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Don't Forget Digital Assets When Estate Planning

If you have a smartphone, tablet, or computer you most likely have a digital asset. It's important to protect digital assets just as you would any other valuable. Read More
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Some important considerations for parents revisiting their estate plan

When it comes to estate planning, it’s important for people — particularly parents — to understand that it’s more than just a one-time event, but rather a lifelong endeavor. That’s because whether they realize it or not,… Read More
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Categories: Estate Planning

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

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

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

Know what's in your estate plan, talk to an attorney

When we’re younger, we can’t wait to get older; but when we’re older, we wish we were young again. For many, this sentiment stems from the fact that as we age, our health typically begins to fail, causing a plethora of problems many wou… Read More
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Categories: Estate Planning

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Press Room

Jan
8
2019 marked many successes for the attorneys and staff at O’Reilly Rancilio in Sterling Heights, and we are happy to present just a few of the notable achievements… Read More
Dec
5
O'Reilly Rancilio Of Counsel attorney Jim Thomas was named one of America's Top 100 Criminal Defense Attorneys. Read More
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Blog

Jan
15
Most business owners already know that Michigan’s minimum wage increased on Jan. 1 for the second year in a row. The increase, to $9.65 an hour, affects businesses… Read More
Jan
9
Few people wish to think about their mortality, let alone take time to plan for those they leave behind. A recent Care.com survey reveals why people fail to create a… Read More
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