Category: Estate Planning
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
The language of estate planning can be a little bit confusing. For example, there is a living will and a living trust, and there seems to be some confusion as to what the difference is between the two. In addition, … Continue reading
Young adults frequently embark on the journey of adulthood with plans to build their fortune. The term estate planning conjures up images of considerable assets to be bequeathed to one’s heirs at the time of one’s death. However, anyone who has a … Continue reading
It is no secret that the population in Michigan and around the country is aging. The fastest growing age group is that of people 65 and over. As people age, their health can deteriorate, and the fear of living with … Continue reading
Anyone with an estate plan is aware of the importance of protecting financial and physical assets. A new category requiring protection that people need to be aware is that of digital assets. Technology has become an increasingly important part of … Continue reading
“No one gets out of here alive” is often a good-natured statement that people may make regarding their mortality. The truth is, no one lives forever and planning for one’s legacy is not something to be taken lightly. When people … Continue reading
The fastest growing age group in Michigan and elsewhere in the country consists of those 55 years of age and older. They are known as the baby-boom generation, those who were born in the years after World War II. As … Continue reading
Aretha Franklin passed away almost one year ago. At the time, it was believed that she had not left a will. Three documents appearing to be wills were recently found in her Michigan home. The discovery is likely to add … Continue reading
Estate planning and financial planning are two terms that are frequently heard in Michigan. What many people may not understand is the interconnectedness of the two. People may believe they don’t need a financial plan as they have an estate … Continue reading