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...
There are many misconceptions that surround estate planning, including how important the process is for a person and their loved ones. In addition to the necessity of proper estate planning, many people fail to realize that it's not only those of higher financial...
Many newly married couples have a narrow definition of estate planning. Though a traditional will is a part of a comprehensive estate plan, it is not the only document. Estate plans usually include a will, which dictates the distribution of assets upon an individual’s...
As your parents age, you may find that you experience somewhat of a role reversal. While your parents raised you - making sure you were safe and out of harm's way -- now it's your turn to do the same for them. It is unfortunately highly common for scammers to target...
