Category: Estate Planning
When establishing estates and trusts, people normally take into consideration who will care for minor children in the event of the parent’s passing. Michigan families may be overlooking important family members. Pets are often considered part of the family, and … Continue reading
Avoiding probate and providing privacy for loved ones is often the catalyst behind the Michigan resident’s decision to establish a living trust. Yet, in many instances, the individual creates the living trust but, through a series of errors and omissions, … Continue reading
As the Michigan family plans for the future, there are a number of decisions that must be made. In addition to the traditional estate planning decisions, the family with a special needs child must also make arrangements for this loved one’s … Continue reading
Who will take care of mom or dad? This is a question that many Michigan families must come to terms with as their parents age. In some families, the adult children work together to take care of the necessary tasks. … Continue reading
In some instances, when one doesn’t know what to do, doing nothing is the appropriate choice. Rather than make a wrong decision, the Michigan resident chooses to make no decision. However, when it comes to estate planning, this decision to not … Continue reading
Many Michigan residents recognize the need to create an estate plan. This is the overall plan designed to inform loved ones, medical professionals and the courts of the individual’s desires for end-of-life care and the final disposition of one’s assets. … Continue reading
If you are an adult child of parents who are senior citizens, you may already be worried about your parents’ care in the coming years. Still, broaching the subject with them can be a minefield in some families. Learn how … Continue reading
In some Michigan families, the family all sits down together and irons out the details regarding how one’s estate and affairs will be handled when his or her time comes. In other families, there is no discussion or action taken, … Continue reading
Creating a will, naming beneficiaries and selecting an executor are all part of planning for the end of one’s life. However, what many Michigan residents fail to realize is that there may be a number of years toward the end … Continue reading
As long as one remains healthy, financial and medical decisions are just a normal part of daily life. However, if the individual suffers an accident or medical condition and is unable to make sound decisions, it will be necessary for … Continue reading