Establishing a power of attorney (POA) for health and/or financial matters is an important part of the estate planning process for many Michigan residents. The basic gist of a POA’s role is that it names an individual -- the agent -- who will be designated to act on...
One of the key tasks people face when creating a comprehensive estate plan is naming their beneficiaries. Beneficiaries are the individuals who will receive the assets left behind in an estate. Naming the right individuals and doing so in the right documentation, is...
When parents think about the future of their families, and in particular about estate planning, those with children often first consider guardianships, trusts and general considerations about how their children will be cared for if something happens to them as...
When people think about estate planning, often they are most concerned with assets. But many wonder what happens to liabilities, or debt, when a person passes away. Individuals with credit card debt, or those responsible for executing the wills of individuals with...
As difficult as it is to think about, every person will die, so it is important to have a plan in place to protect familial assets when this inevitable event occurs. For those in Michigan who have an estate plan, it may be time to review and update some documents....
When it comes to estate planning, many people have a vested interest in making sure the maximum amount of their estate goes to their intended beneficiaries. Some also have specific intentions for how that money should be used or under what circumstances it should be...
From electronically stored videos and photos to email and social media accounts, life is becoming more and more digital. These days, it’s the norm to store most things digitally and conduct financial transactions electronically. The majority of people in Michigan own...
Many Americans understand the importance of putting together an estate plan and have the intention of creating one. Despite this awareness, a recent survey shows that the majority have yet to take action; of the 2,644 respondents, only one-third said they had an...
Death is not something that most Michigan residents prefer to discuss openly. Of course, though, death is inevitable for everyone. When something is guaranteed to happen, it typically makes sense to prepare for it. A will is one of the best ways to ensure an estate...
An increasing number of Americans hold valuable blockchain assets. As these holdings gain popularity, an increasing number of owners are rightfully concerned with how to include such assets in their estate plan. Michigan cryptocurrency owners must work through some...
