Tuesday with Tom

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Estate Planning Attorney, and life-long Michigander, Tom Doyle, discusses all things related to Estate Planning & Settlement in Michigan, talks about Michigan events, answers your estate planning and settlement questions, and hosts guest speakers.

Tom Doyle


    • May 13, 2025 LATEST EPISODE
    • every other week NEW EPISODES
    • 23m AVG DURATION
    • 324 EPISODES


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    Latest episodes from Tuesday with Tom

    What Happens If You Die Without a Will in Michigan? (Episode 319)

    Play Episode Listen Later May 13, 2025 21:25


    In today's episode of Tuesday with Tom, we're diving into what really happens if you die without a Will in Michigan. Who gets your assets? What if you have no close family? I'll walk you through the State's Intestate Succession laws and explain why having a Will — even a simple one — can save your loved ones time, money, and stress. Plus, I'll share how Amanda and I can help you create or update your estate plan, and the convenient ways you can get started.

    Living Trusts: What They Are and Why You Might Need One (Episode 318)

    Play Episode Listen Later Apr 29, 2025 16:31


    If you've ever wondered what a trust actually does or whether you need one, this episode is for you.

    Trust Funding Made Simple (Episode 317)

    Play Episode Listen Later Apr 22, 2025 20:16


    Are you confused about trust funding? Episode 317 breaks it down for you! Join us as we simplify the complexities and guide you through the essentials. Don't miss out!

    How Much Should Be In Your Emergency Fund? (Episode 315)

    Play Episode Listen Later Apr 8, 2025 20:27


    Are you prepared for the unexpected?

    Why Now is the Right Time to Get Your Estate Plan in Order (Episode 315)

    Play Episode Listen Later Mar 18, 2025 21:34


    Did you know that the political and economic uncertainty you are all feeling puts you at greater risk of death or incapacity? In today's episode Tom explains that increased risk, and why now is the time to get your estate plan in order.

    Will the Corporate Transparency Act Affect Your Estate Plan? (Episode 314)

    Play Episode Listen Later Feb 25, 2025 18:46


    How to Save Your Children from a 20% Capital Gains Tax on Your Home (Episode 313

    Play Episode Listen Later Feb 18, 2025 11:11


    In today's program, Tom explains how deeding your home to your children during your lifetime can end up costing your children a 20% Capital Gains tax when your home is sold.

    Does My Revocable Living Trust Need a New Tax ID Number? (Episode 312)

    Play Episode Listen Later Jan 28, 2025 13:46


    Does Santa Have to Pay Gift Taxes? (Episode 311)

    Play Episode Listen Later Dec 17, 2024 33:17


    Ever wondered if Santa's sleigh full of gifts comes with a side of IRS paperwork? In this festive and thought-provoking episode, we explore whether the jolly old elf is subject to gift taxes.

    Have You Sent Your Crummey Letters? (Episode 310)

    Play Episode Listen Later Dec 10, 2024 28:02


    When managing an Irrevocable Life Insurance Trust (ILIT), one critical yet often overlooked step is sending Crummey letters to the beneficiaries. Have you sent yours?

    Does Your Homeowner's Insurer Know Your Home Is In Your Trust (Episode 309)

    Play Episode Listen Later Dec 3, 2024 21:01


    Did you know that putting your home in a trust can impact your homeowner's insurance? In our latest episode, we dive into the crucial question: Does your insurer know your home is in your trust? Tune in to Episode 309 for insights that could save you from potential pitfalls!

    Understanding Digital Asset Reporting Requirements (Episode # 308)

    Play Episode Listen Later Nov 5, 2024 29:19


    In today's fast-evolving financial landscape, understanding tax reporting for digital assets is crucial. Tune into our latest podcast episode for information on your tax reporting obligations.  #DigitalAssets #Finance #Podcast

    2025 Increase in Federal Estate Tax and Gift Exemptions (Episode # 307)

    Play Episode Listen Later Oct 29, 2024 27:15


    Understanding the implications of the increased federal estate tax and gift exemptions is crucial for effective estate planning. Join the conversation on how these changes can affect your financial future. 

    Medicaid in Michigan: Why You Should Remove Your Home from Your Trust (Episode # 306)

    Play Episode Listen Later Oct 15, 2024 28:27


    Did you know? Removing your home from your trust might be necessary for Medicaid eligibility in Michigan. Listen to our latest episode for essential tips! #Medicaid #Michigan

    Does Michigan's New Uniform Power of Attorney Law Affect Your Power of Attorney? (Episode # 305)

    Play Episode Listen Later Jul 9, 2024 21:35


     Be sure you understand how Michigan's new Uniform Power of Attorney Act, that went into effect on July 1, might require you to replace your current Power of Attorney.

    Why A Will Doesn't Avoid Probate (Episode # 304)

    Play Episode Listen Later Jul 2, 2024 17:52


    In the realm of estate planning, a Last Will and Testament, commonly known as a Will, is often seen as the cornerstone document. However, there's a common misconception that having a Will in place means your assets won't have to go through probate.

    Why Your Special Needs Child Should Have a MiABLE Account (Episode # 303)

    Play Episode Listen Later May 28, 2024 20:00


    Learn more about the importance of MiABLE accounts for special needs children!

    Do You Need A Special Needs Trust For Your Disabled Child? (Episode # 302)

    Play Episode Listen Later May 21, 2024 23:59


    Understanding the different types of Special Needs Trusts is essential for families and caregivers to make informed decisions about their loved one's future financial planning.

    Should You Use a Professional Trustee? (Episode # 301)

    Play Episode Listen Later Mar 19, 2024 15:49


    In today's episode Tom discusses some the reasons that you might consider using a professional trustee.

    The Benefits Of A Trusteed IRA Over A Traditional IRA (Episode # 300)New Recording (draft)

    Play Episode Listen Later Mar 12, 2024 29:01


    Discover what a Trusteed IRA is, and why it may be the better choice for you!

    6 Reverse Mortgage Myths (Episode # 299)

    Play Episode Listen Later Mar 5, 2024 18:10


    If you are considering a reverse mortgage, don't be fooled by these 6 reverse mortgage myths.

    What Happens If My Minor Child Receives My IRA? (Episode # 298)

    Play Episode Listen Later Feb 27, 2024 17:28


    If you are considering naming minor children as primary or contingent beneficiaries on your IRA or 401(k), be sure you understand what will happen upon your death.

    8th Anniversary Episode (Episode #277)

    Play Episode Listen Later Feb 20, 2024 31:49


    Enjoy our 8th anniversary podcast in which Tom plays the very 1st podcast from February 23, 2016 "What Is An Estate Plan".

    My Address Has Changed…Do I Have To Change My Estate Plan Documents? (Episode #296)

    Play Episode Listen Later Feb 13, 2024 13:14


    Have you moved since your estate plan was prepared? Finld out if you need to update your documents to reflect your new address.

    Celebrate National Unclaimed Property Day! (Episode 295)

    Play Episode Listen Later Jan 30, 2024 17:13


    The Michigan Department of Treasury has millions of dollars in lost or forgotten assets from dormant bank accounts, uncashed checks, valuables left in safe deposit boxes and stock certificates. Celebrate National Unclaimed Proprty Day by finding out if any of it is yours.

    Should I name my children as “joint” or “co” successor trustees? (Episode #294)

    Play Episode Listen Later Jan 23, 2024 18:13


    Check out this new Tuesday with Tom episode where he discusses whether you should name your children as 'joint' or 'co' successor trustees. It's an informative conversation about estate planning in Michigan!

    Be prepared for when Trump's tax cuts expire next year, and taxes for most Americans will increase (Episode #293)

    Play Episode Listen Later Jan 16, 2024 24:16


    Did you know that in 2026 most American's will see their taxes increase due to the expiration of Trump's tax cuts? Tom discusses the pending changes that might increase you taxes, and what you might be able to do now to minimize your increase.

    2024 Law Update (Episode #292)

    Play Episode Listen Later Jan 2, 2024 22:37


    To begin the new year, Tom reviews many of the 2024 changes relevant to estate planning and settlement, including Estate and Gift Taxes, Retirement contribution amounts, 529 Plans and Michigan Durable Powers of Attorney.

    Know The Limits Of Your Power Of Attorney (Episode #291)

    Play Episode Listen Later Oct 31, 2023 25:52


    If you have been appointed as financial and/or medical power of attorney, be sure you understand the limits on your authority.

    Who Can Witness My Durable Power of Attorney? (Episode #290)

    Play Episode Listen Later Sep 26, 2023 15:07


    A witness can serve an important function in the execution of your Durable Power of Attorney. Be sure you understand the execution and witnessing requirement for your Durable Power of Attorney.

    Will My Testamentary Trust Avoid Probate? (Episode #289)

    Play Episode Listen Later Sep 19, 2023 15:25


    If you are going to have a trust as part of your estate plan, be sure that you understand important differences between a Testamentary Trust and a Living Trust.

    Estate Planning Questions That Might Make You Squirm (Episode 288)

    Play Episode Listen Later Sep 12, 2023 19:20


    Sometimes, questions that have to be asked to prepare your estate plan are uncomfortable. They are not being asked by the attorney simply to be nosy, but are being asked to make sure that an appropriate estate plan is being prepared for you.

    Who Can Witness My Health Care Power of Attorney? (Episode #287)

    Play Episode Listen Later Sep 5, 2023 12:32


    A witness serves an important function in the execution of your Power of Attoney for Health Care. Be sure you understand who cannot be a witness to your Will Power of Attoney for Health Care.

    Who Can Witness My Will? (Episode #286)

    Play Episode Listen Later Aug 29, 2023 17:44


    A witness serves an important function in the execution of your final Will. Be sure you understand who can and cannot be a witness to your Will

    IRS Eliminates Step-Up In Basis For Some Assets (Episode #285)

    Play Episode Listen Later Aug 8, 2023 17:25


    Be sure you understand how your heirs might be affected by new IRS rules changing how step-up in basis applies to certain assets.

    Two Documents That Every College Student Should Have (Episode #283)

    Play Episode Listen Later Jul 25, 2023 13:23


    You are sending your student away to college, but does she have theses 2 documents that every college student should have?

    Six Reasons to have a Trust and not a Will (Episode #283)

    Play Episode Listen Later Jun 20, 2023 13:50


    Not sure if you need a Trust or a Will? Here are six reasons for choosing the Trust

    Don't Die Because of Confusion About Your End-Of-Life Wishes (Episode #282)

    Play Episode Listen Later May 30, 2023 16:02


    In today's archived episode Tom discusses a case in which a woman in a long-term care facility died because there was confusion about her end-of-life wishes as documented in her chart and her Living Will.

    Using an Agricultural Conservation Easement to Protect Farmland From Development (Episode #281)

    Play Episode Listen Later May 23, 2023 29:48


    Are you interested in protecting farmland from being developed? In today's podcast Kara O'Connor, from American Farmland Trust, explains what agricultural conservation easements are and how they are used to protect farmland from development.

    Several Ways that SECURE Act 2.0 Might Affect Your Retirement Planning (Episode #280)

    Play Episode Listen Later May 9, 2023 17:29


    Tom discusses several ways that SECURE 2.0 Act, signed into law in late December 2022, might affect your retirement planning.

    When 2 or More People Own Michigan Real Estate (Episode #279)

    Play Episode Listen Later May 2, 2023 25:01


    Tenants in Common ... Joint Tenants ... Joint Tenants with Rights of Survivorship ... Tenants by the Entireties. Be sure you understand how you own your Michigan real estate.

    6 Reasons to Reject an Inheritance (Episode #278)

    Play Episode Listen Later Apr 18, 2023 23:49


    As a follow-up to last Week's episode about how to reject an inheritance, Tom discusses 6 times when it can make sense to say No to an inheritance.

    How to Reject an Inheritance (Episode #277)

    Play Episode Listen Later Apr 11, 2023 22:15


    Disclaimers…What they are…how they work…what they are used for

    Certificates of Deposit as Investments, and What is a CD Ladder? (Episode 275)

    Play Episode Listen Later Mar 28, 2023 25:00


    Does today's volatile stock market and uncertain economy have you worried? Tom discusses Certificates of Deposit as investments, and how to make your CD yields higher with a CD ladder.

    It's Time To Spring Clean Your Estate Plan (Episode #274)

    Play Episode Listen Later Mar 7, 2023 27:31


    Just like your home, spring is a good time to clean your estate plan.

    Be sure you understand the Roth IRA "five year rule" (Episode #273)

    Play Episode Listen Later Feb 28, 2023 13:59


    The Roth IRA "five-year rule" can trigger an unexpected tax bill, even after age 59 1/2.

    7th Anniversary Episode

    Play Episode Listen Later Feb 21, 2023 28:08


    Enjoy our 7th anniversary podcast in which Tom plays the very 1st poscast from February 23, 2016.

    Naming Your Sister As The Beneficiary On Life Insurance To Avoid Needing a Conservator For A Minor Child (Episode #271)

    Play Episode Listen Later Feb 7, 2023 16:41


    If you are thinking about naming a sibling as a beneficiary on a life insurance policy to manage the insurance proceeds for your minor child in order to avoid probate, STOP! Listen to today's episode.

    Transferring Your Manufactured Home at Death Without Probate (Episode #270)

    Play Episode Listen Later Jan 24, 2023 14:37


    If you have a manufactured or mobile home in mobile home park, you will want to listen to this episode.

    Does A Pour-Over Will Avoid Probate? (Episode #269)

    Play Episode Listen Later Jan 17, 2023 16:11


    Be sure you understand what your pour-over Will does, and does not, do.

    Do You Know What Your Estate Plan Must Include? (Episode #268)

    Play Episode Listen Later Jan 10, 2023 20:45


    Calling upon his 40+ years of experience in working with clients, Tom explains what every estate plan must include.

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