For some Michigan residents, the idea of creating any type of legal document may seem out of their reach. They may think that getting professional legal help will cost a fortune and that they would be better off handling matters like creating an estate plan on their...
Many people in Michigan have a will as part of their estate plan, but if it isn’t kept up to date, it can cause problems for one’s heirs. A big life change such as the birth of a new child or a divorce necessitates a change in estate planning that doesn’t always...
It’s common to think of trusts as tools only for wealthy families. Contrary to popular belief, nearly every family in Michigan can benefit from a trust. Living trusts in particular have become increasingly favorable estate planning tools because of their many...
Many people here in Michigan know all too well that they should have an estate plan, or at least a will, in place, but that doesn’t mean they will make it happen. Whether it is due to reluctance to think about the end of one’s life or not knowing how to begin, estate...
Many people in Michigan plan to divide their assets evenly among their children or family members upon their passing. However, some may not want to do that, particularly if someone in their family isn’t good with money. Whatever the reasons may be, the estate owner...
Although necessary, planning for the inevitable event of death is often something that is often neglected. It can be uncomfortable to talk about dying or what will happen to a person’s possessions after his or her death. Not surprisingly, about half of Michigan...
When considering plans for the future, many assume drafting a will is enough. While this is a basic step in the estate planning process, Michigan adults can often benefit from expanding their plans beyond a will. Trusts may allow one to accomplish specific goals with...
As inevitable as it is, no person enjoys talking about his or her death. Although planning for the future is a good thing and always makes sense, many Michigan residents put off creating an estate plan until it’s too late. Contrary to popular belief, estate planning...
Life is completely unpredictable and can change in the blink of an eye. Yet, so few Michigan residents have a plan for the future. Failing to create an estate plan will only cause future difficulties for heirs and relatives. Contrary to popular belief, estate planning...
When people think of creating an estate plan, they may consider including money from bank accounts, stocks, their home and other physical and financial assets. One new facet of estate planning is cryptocurrency. This is a digital currency that is not tied to a central...
