[{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/nmichlaw.com\/blog\/the-new-year-is-a-good-time-to-consider-estate-planning\/#BlogPosting","mainEntityOfPage":"https:\/\/nmichlaw.com\/blog\/the-new-year-is-a-good-time-to-consider-estate-planning\/","headline":"The New Year Is a Good Time to Consider Estate Planning","name":"The New Year Is a Good Time to Consider Estate Planning","description":"Another year is coming to a close in Michigan and the new year is looming. With the approach of New Year\u2019s Day, people frequently review the past and consider plans for the future. Among those plans may be thoughts of\u00a0estate &hellip; <a href=\"https:\/\/nmichlaw.com\/blog\/the-new-year-is-a-good-time-to-consider-estate-planning\/\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a>","datePublished":"2018-12-26","dateModified":"2022-06-21","author":{"@type":"Person","@id":"https:\/\/nmichlaw.com\/blog\/author\/nmichlaw\/#Person","name":"Alward Fisher","url":"https:\/\/nmichlaw.com\/blog\/author\/nmichlaw\/","identifier":10,"image":{"@type":"ImageObject","@id":"https:\/\/secure.gravatar.com\/avatar\/63071aa228c966abd886a2cbb647b07806c39706d3fbac14fe9c4c475edc7457?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/63071aa228c966abd886a2cbb647b07806c39706d3fbac14fe9c4c475edc7457?s=96&d=mm&r=g","height":96,"width":96}},"publisher":{"@type":"Organization","name":"Alward Fisher","logo":{"@type":"ImageObject","@id":"https:\/\/nmichlaw.com\/wp-content\/uploads\/2021\/09\/logo-fisher.png","url":"https:\/\/nmichlaw.com\/wp-content\/uploads\/2021\/09\/logo-fisher.png","width":288,"height":103}},"image":{"@type":"ImageObject","@id":"https:\/\/nmichlaw.com\/wp-content\/uploads\/2021\/11\/featured-about-1.png","url":"https:\/\/nmichlaw.com\/wp-content\/uploads\/2021\/11\/featured-about-1.png","width":688,"height":382},"url":"https:\/\/nmichlaw.com\/blog\/the-new-year-is-a-good-time-to-consider-estate-planning\/","about":["Estate Planning"],"wordCount":270,"articleBody":"Another year is coming to a close in Michigan and the new year is looming. With the approach of New Year\u2019s Day, people frequently review the past and consider plans for the future. Among those plans may be thoughts of\u00a0estate planning. But what exactly does that entail and who should be concerned about it?Estate planning, simply put, involves making plans for one\u2019s family and belongings in the event of one\u2019s death or serious injury. However, there is more to it than creating a last will and testament. In addition, a living will can instruct loved ones on what is to be done in the event of a serious injury that leaves one unable to speak or communicate. If substantial assets are involved, a trust can be set up for the administration and disbursement of those assets and this can benefit family members, including young children.Other things to consider may involve insurance policies. Are there appropriate policies in place and are the beneficiaries appropriately designated? A recent divorce may mean that an ex-spouse is still named as a beneficiary on a life insurance policy, for example.Estate planning should be as comprehensive as possible and may be complex. Making a list of goals to be accomplished with an estate plan is a good first step in Michigan. An experienced estate planning attorney can help one look at the big picture and may be able to help ensure that most eventualities are provided for. Providing this security and protection for one\u2019s self and one\u2019s family can be an invaluable gift for the new year."},{"@context":"https:\/\/schema.org\/","@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"Blog","item":"https:\/\/nmichlaw.com\/blog\/#breadcrumbitem"},{"@type":"ListItem","position":2,"name":"The New Year Is a Good Time to Consider Estate Planning","item":"https:\/\/nmichlaw.com\/blog\/the-new-year-is-a-good-time-to-consider-estate-planning\/#breadcrumbitem"}]}]