Category: Estate Planning
With the midpoint of summer fast approaching, many Michigan parents are preparing to send their children off to college. Whether this is the first semester or the last, parents have many things to worry about besides grades. The college years … Continue reading
If you’re divorcing, updating your estate plan may be the last thing on your mind. Yet, failing to do so can lead to repercussions in the long run. By making crucial changes, you can save your assets from falling into … Continue reading
Life is fragile, and in uncertain times, some may realize the importance of planning for the future. This may include building an estate plan that will provide protection for loved ones at the end of a person’s life. While understanding … Continue reading
Estate planning becomes a necessity as we grow older. We begin to worry about our assets and ensuring all our affairs are in order in the case of illness or death. Without an estate plan, you may have trouble passing … Continue reading
When you draft your estate plan, you need to consider the worst-case scenarios when it comes to your children’s welfare. Establishing guardianship is one of the most challenging considerations for a parent or couple making their estate plans. You want to choose … Continue reading
Many in Michigan think of estate planning as something that happens only after one’s family is grown and retirement is near. However, nothing could be further from the truth. Estate planning is essential for every stage of adult life. Parents … Continue reading
Few events can derail plans like a divorce. Even the most carefully prepared futures can quickly become uncertain when a couple decides to end their marriage, especially when they do so after the age of 50. Not only that, but … Continue reading
Most people will not make an estate plan before the end of their lives. The few who do may limit their estate planning to drafting a simple will. This may be sufficient if the estate has no complex assets or … Continue reading
Estate planning can involve many stages, details and parties. On top of that, there are several different options to choose from when deciding what works best for you and your family. One such option is a revocable living trust. What … Continue reading
Passing away without a will is known as dying intestate. Intestacy laws govern what happens to someone’s assets when they pass away without a will. These laws are set at the state level and the regulations differ between each state. … Continue reading