Dallo Estate Planning, PLLC

1. DALLO ESTATE PLANNING, PLLC WWW.DALLOESTATEPLANNING.COM

2. CONTENTS 3 ABOUT US 6 SERVICES 7 ESTATE PLANNING 9 PROBATE AND TRUST ADMINISTRATION 7 ELDER LAW SERVICES 12 ESTATE PLANNING FOR NEWLY WEDS 13 LADY BIRD DEED 17 FINANCIAL POWER OF ATTORNEY 20 CONTACT US

3. ABOUT US Attorney Joe Dallo became a lawyer to help others. He truly enjoys serving his clients and help them plan for the future. He knows that the services he provides can help others meet life goals and avoid unforeseen problems. But perhaps the best part of Joe's job is helping clients protect their families, homes, assets, and dreams for the future. Dreams for the future are what drove Joe to found Dallo Estate Planning. As Joe says, “It brings me a great sense of joy to know that I helped someone. I love being a mentor to others and guiding them through life changes like marriage, buying a home, and having a child.”

4. Through Dallo Estate Planning, Joe can help you protect your family and your goals as well. Joe graduated from Lawrence Technological University with a Bachelor of Science in electrical engineering, before completing his law degree and Thomas M. Cooley Law School at Western Michigan University. Joe's engineering background, combined with his legal training and financial planning background, gives him a logical, problem-solving approach to estate planning. As an analytical, outside-the-box thinker, he's better able to craft creative solutions for his clients.

5. Joe is a dedicated family man and enjoys spending time with his wife, Dena, and their three children, Lexie, Aria, and Jacob. He also loves traveling, sports, especially hockey and football, and technology. Never leaving his electrical and engineering and electronics education behind, Joe considers himself a bit of a computer geek, in the best way. Joe Dallo is also a member of Wealthcounsel, an organization focused on providing estate attorneys with the best tools, research, and continuing legal education to create high-quality estate plans for clients and advocate on their behalf. Attorneys who work with Wealthcounsel strive to give their clients the best service possible.

6. SERVICES At Dallo Estate Planning, we offer a full range of estate planning, trust and probate administration, and elder law legal services. Whether you need guidance in trust administration, a new or updated estate plan, or need elder transition planning, we can help. Dallo Estate Planning, PLLC is committed to answering your questions about estate planning, trust administration, and elder care law issues in Michigan.  I offer a free consultation and I’ll gladly discuss your case with you at your convenience. Contact me today to schedule an appointment.

7. ESTATE PLANNING Estate planning doesn't have to be complex, and it's not just for the ultra- wealthy. Rather, estate planning is simply making a plan for managing your assets and affairs during your lifetime, in the event you become incapacitated, and upon your death. Estate planning isn't just planning for your death; it's also about planning for your life and the lives of the people you love. While death is uncomfortable to think about, if you fail to plan, the future of your estate can be uncertain. Planning can relieve your loved ones' burden, ensure that you can meet your personal goals, and care for your loved ones once you are gone.

8. While Michigan law assures that your closest heirs will inherit your assets, you will have little control over its distribution. Your heirs may also face unnecessary taxes and a lengthy and expensive probate process. Through estate planning, you can avoid these complications. Our estate planning legal services include: Wills; Trusts; Powers of attorney; Tax planning; and Special needs planning

9. PROBATE AND TRUST ADMINISTRATION Probate is a court-directed process that distributes the assets of your estate upon your death. While we often help clients avoid probate, we can also assist heirs with managing the probate legal process and settlement of an estate. When you create a trust to protect your assets or your heirs, you choose someone reliable as your trustee. But many people simply don't understand the administrative and legal steps necessary to administer a trust properly.

10. At Dallo, we can offer legal guidance to trust fiduciaries and assist with the proper legal and tax filings. Our probate and trust administration practice includes: Lifetime probate; Death probate; Trust administration; Tax preparation; and Probate litigation.

11. ELDER LAW SERVICES Dallo Estate Planning also offers a full range of elder law services in addition to estate planning geared towards seniors. Whether you want to make plans for yourself or a parent, we can assist with: Medicare planning and benefits; Medicaid planning and benefits; Veterans benefits; Planning for short-term or long-term nursing care; Retirement benefits and insurance; Inter Vivos Transfers of property; Minimizing probate and estate taxes; Elder rights advocacy, including advocating for seniors who are the victim of financial exploitation, physical abuse, or neglect; and Elder transition planning. WWW.DALLOESTATEPLANNING.COM

12. ESTATE PLANNING FOR NEWLYWEDS Congratulations on your marriage! It's an exciting time in your life. But once the honeymoon is over and you've merged your households, it's time to think about the practical matters that arise from sharing your life with someone. No one likes to think about a time when bad things might happen, but preparing ahead can help you protect your new family. Today, we'll talk about some of the most urgent issues you should address. Protect Your Housing Unless you've lived together for a while, you and your new spouse are probably working out the kinks of sharing a home. While it's not fun to think about, if only one of you is on the deed, it could make life much more complicated and expensive if one of you passes away.

13. Some solutions include: Lady Bird Deed In Michigan, a ladybird deed is a special form of life estate deed that allows you to pass on your property to your spouse or other heirs automatically upon your death without going through probate. Probate can be a time-consuming and expensive process where the court appoints a trustee to oversee your estate's distribution. But a ladybird deed allows you to retain the full title to the property for your lifetime and avoid probate after your death. You can still sell or mortgage the property at any time, and the trust protects it from your heir's creditors. Quitclaim Deed A quitclaim or quitclaim deed is a legal instrument used to transfer an interest in real property. It's a quick and relatively easy way to add your spouse to the title of your home while you're both still living.

14. Protect Your Assets After getting married, it's also important to think about what will happen to your assets if one of you passes away. There are a few essential estate planning documents to put in place now. Create a Will A will is part of the backbone of your estate plan, allowing you to determine how the executor will manage and distribute your probate assets after your death. While this is a simple and easy way to declare your wishes for your estate, it doesn't offer any protection for your assets while you are alive. Moreover, you can't place restrictions on gifts to your heirs with a will.

15. Consider a Living Trust A revocable living trust is a good way to organize and protect your assets. A living trust allows you to put restrictions or conditions on gifts to your heirs and control how the trust will distribute assets. A trust also allows your assets to go directly to beneficiaries without going through probate. You can even include spendthrift provisions if you want the assets to remain in the trust if an heir's creditors may be a problem. A living trust also typically names a successor trustee who can manage your affairs if you become incapacitated. In combination with a will, a living trust is usually the most efficient way to distribute your estate.

16. Prepare for Incapacitation While it's not fun to plan for your death, it's also not fun to think about incapacitated. To protect your family, you should put plans in place if you or your spouse physically or mentally unable to care for yourselves. To prepare for this, you should put several documents in place: Living Will A living will is a written document expressing wishes for end-of-life care, given to your doctors and your family. When your doctor diagnoses you as terminally permanently unconscious and unable to communicate your desires about your care, the living will take effect. becoming become your ill or

17. Financial Power of Attorney A financial power of attorney is another advanced directive that names someone to make financial decisions for you if you become incapacitated. Financial decisions could include paying bills, managing your assets, or running a small business. Protect Your Children If you have minor children or plan to have children, you should consider how to protect them and provide for them if you and your spouse pass away or become incapacitated. As part of your estate plan, you should name a guardian to care for them and make decisions about their education, health, and lifestyle.

18. You should also name a conservator to make financial decisions for your minor children and manage their assets. You can name both of these people before your children are born. Protect Your Family with Life Insurance As part of your estate planning, you and your spouse should consider purchasing life insurance.

19. Life insurance can give you peace of mind that your spouse or children will be able to pay bills, pay off a mortgage, or finance their education if you pass away. Life insurance proceeds do not pass through probate, meaning they can go directly to your adult heirs. Or life insurance proceeds can fund a trust for your heirs upon your death. However, if your children are minors, the life insurance proceeds will not be released to them directly. Having a Living Trust in place will allow you to choose who handles the money, how the money is spent, and at what ages your children may receive lump-sum payments. If you're a newlywed in Michigan considering how to plan for your family's future, Dallo Estate Planning can help.

20. CONTACT US DALLO ESTATE PLANNING, PLLC 31731 Northwestern Hwy, Ste 261W Farmington Hills, MI 48334 248-914-8146 WWW.DALLOESTATEPLANNING.COM