You probably know that having an estate plan is crucial. Estate planning protects your family, but it also ensures asset dispersal happens according to your wishes. According to U.S. News & World Report, you should also work to avoid certain estate planning...
Having a thorough plan for incapacity can help estate planners protect themselves in the invent they become incapacitated. There are several important components of a comprehensive incapacity plan that estate planners should keep in mind when developing theirs. Living...
According to a recent survey, over half of the U.S. does not have even a basic estate plan, like a will. This is an unfortunate statistic because 100% of everyone will die. Of course, this is not comfortable to think about, let alone talk about, but it is something we...
Estate planning is often perceived as something that could be held off until later. This is especially true for younger people in Michigan who might not think there is a sense of urgency. However, people should be aware of the unexpected challenges in life and that...
Having an estate pan in place is not just for the wealthy; however, certain strategies and information may be more beneficial for those that are financially well off in Michigan and elsewhere. The Estate planning process is not an easy one to begin, but when an...
Like other states, Michigan has laws in place that determine what will happen to a person’s property if she dies without a will. The same laws also apply if a will turns out to be invalidated or if the will does not apply to all of the person’s probate estate. These...
As this blog recently discussed, estate planning is important for many reasons. An important element of estate planning is keeping an estate plan current and ensuring it reflects the estate planner’s most current wishes. Estate planners should know when it is a good...
New families and retiring seniors both understand the importance of an estate plan. This collection of legal documents contains deeds to properties, insurance policies and beneficiaries, stock portfolios, IRAs, the will, and even funeral arrangements. Some planners...
Estate planning isn’t something many people want to think about. Aside from confronting their mortality, common myths regarding who needs an estate plan or what estate plans accomplish often prevent people from taking essential steps to safeguard their legacy and...
Young people often avoid estate planning because they mistakenly believe you have to be either rich or old to have an estate plan. The truth is that estate planning is important no matter a person’s wealth or age. For example, if a person in Michigan dies with no...
