(Probate and Estate Planning)
The importance of a well drafted estate plan cannot be understated. Not only does this process establish how and to who your assets will go after you pass, it also involves important decisions about your future care. Establish trusts so your family will not have to go through the expensive and time-consuming probate process. Establish powers of attorney that give people you trust the right to make decisions for you should you become incapacitated. All of this can be accomplished while doing estate planning.
(Special Needs Planning)
If you have a loved one with a disability, you won’t want to jeopardize their receipt of government benefits by leaving them an outright inheritance. Special needs planning will allow you to set up safeguards such as a special needs trust. This type of trust will allow you to leave assets to your disabled loved one without having to risk the loss of their much-needed government benefits.
Everyone dreads preparing their taxes and very few people have detailed knowledge about maximizing tax credits and deductions in order to save the most money. Attorney Kevin M. Bannon handles most every kind of tax return and can even handle out of state returns or if you have made money out of state.
(Federal Tax Controversy)
Have you been subject to an audit request or need to file a tax appeal with the IRS? Neither of these things have to be overwhelming and lengthy processes. Attorney Kevin M. Bannon will help you get through the audit and appeal process by troubleshooting any tax issues you may be having and working to provide simple and effective solutions.
Plan to safeguard the financial future for yourself and your children with an asset protection plan. With this in place, your assets will be safeguarded from your creditors and the potential creditors of your children. Discuss your asset protection options and get peace of mind for a secure financial future.
Bannon and Associates, PC frequently assists clients in the Wayne, Oakland, Washtenaw, Monroe and Macomb counties.