Estate planning in Michigan is a process every adult should undertake. Delineating where things go after your death may keep your family from facing a prolonged probate process. When you own property, using a Ladybird deed may work in your favor. While the name may...
Estate Planning
Reviewing special needs trusts
Estate planning can be tricky for multiple reasons, and some people have a hard time figuring out which type of estate plan is right for them. Every family is in a unique position, and some, such as those who have a loved one with special needs, have particularly...
How do you pick the right executor or trustee?
If you live in Michigan and have created an estate plan such as a will or a trust, you are already a step ahead of many. While estate plans are common among the elderly, the truth is that everyone can benefit from having their affairs in order because no one can...
I just had a baby. Do I need an estate plan?
Welcoming your new child into your Michigan home likely represented one of the biggest and most exciting events of your life to date. But by now, reality has likely set in and your find yourself engaging in numerous day-to-day tasks in your never-ending desire to love...
What are an executor’s duties?
If you are named an executor of a will in Michigan or are trying to choose the executor for your own estate, then it helps to learn about the duties this position holds. An executor is an important person in the estate process that occurs after the death of the estate...
Name the right guardian for your children in your estate plan
When estate planning, it's easy to focus so much attention on your assets that you overlook details that are every bit as important. For example, you must name a guardian for any children under the age of 18. This is a big decision, as this person will be responsible...
It may be time to review and alter your estate plan
When you create an estate plan, do so with the idea that you'll have to make changes in the future. This guarantees that you're always on the lookout for any changes that will benefit you and your loved ones. You have the final say in regard to when you review and...
Tips for choosing the right executor
When creating a will, there will come a time when you have to choose an executor. This is the person who will review your will, enter it into probate and ensure that everything goes as you have planned. Choosing the right executor is easier said than done, especially...
Durable financial power of attorney: What can your agent do?
When creating an estate plan, it's important to think about what would happen to your finances if you were to become incapacitated. If you're unable to make your own decisions, you want to know that someone responsible can step in and do so on your behalf. A durable...
Steps to creating your first estate plan
There will come a time when you decide to dive in and create your first estate plan. Even if you waited longer than you should have to do this, you're now faced with the process. There are many steps that will put you on the right track to creating your first estate...
