» Estate Planning

can a minor be a beneficiary

Protecting Minor Beneficiaries

Preparing your estate plan inevitably requires that you consider your own mortality. If you have children under the age of 18, planning to provide for and protect your family is even more important. But can a minor be a beneficiary at all? One of the… Read More
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Categories: Estate Planning
last will and testament

What is a Last Will and Testament, and Why You Need One

What is a Last Will and Testament? A Will, also known as a Last Will and Testament, is a legal document that states your intentions for the distribution of your assets and property after your death. The State of Michigan requires the person creating… Read More
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Categories: Estate Planning
spendthrift provision

How to Protect Your Legacy from Immature Financial Decisions

As you work with your lawyer to develop your estate plan, you will consider the legacy you want to leave to the people you care about most. But sometimes the people we love need to be protected from themselves. This is where a spendthrift provision c… Read More
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Categories: Estate Planning
(durable) power of attorney

The Importance of a Durable Power of Attorney

A durable power of attorney allows you to appoint another person to make decisions for you if you lose the mental capacity to make decisions on your own. Choosing someone who will act as your power of attorney is an important decision that should onl… Read More
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Categories: Estate Planning
Estate plan file in a filing cabinet

10 Reasons to Update your Will or Trust

Your estate planning documents, and especially your Last Will and Testament (Will) and any trusts you have created, are living documents that need regular maintenance. As your life and circumstances change over time, your estate planning documents mu… Read More
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Categories: Estate Planning
Couple reviewing joint revocable trust

Should You Have A Joint Revocable Trust in Your Estate Plan?

In the right circumstances, using a joint revocable trust as an estate planning tool can make a married couple’s administration and distribution of their assets easier, with the added benefit of reducing time and expenses. What is a Joint Revocable… Read More
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Categories: Estate Planning
house and property deed papers

What Is a Lady Bird Deed / Enhanced Life Estate Deed in Michigan?

A lady bird deed (or ladybird deed), also called an enhanced life estate deed, is an estate planning tool that avoids probate and accomplishes other estate planning objectives. It is not like a common deed that transfers fee title to real estate, but… Read More
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Estate Planning is Essential for Everyone

Estate Planning Is Essential For Everyone — Not Just Wealthy People

Many people think that estate planning is only necessary for people who have a lot of money and assets. That myth could not be farther from the truth. Estate planning is essential for everyone. What Is Estate Planning? Estate planning is commonly und… Read More
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Categories: Estate Planning
Start a Conversation with…

Start a Conversation with Your Family About Estate Planning

This may be a good time to start a conversation with your family members about your estate plan. We are all susceptible to a critical change in our health at any time. These uncertain times bring a renewed focus on the need to have a plan in place sh… Read More
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Categories: Estate Planning
Should You Consider a Cot…

Should You Consider a Cottage Trust For Your Family Vacation Home?

Many Michiganders own a family vacation home or cabin up north or elsewhere that holds a lifetime of memories and is an integral part of the family’s legacy. But what happens to the property when the original owners (usually the parents) pass away?… Read More
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About Bill

photo of a serious man - Ager Law Office
Born and raised in Ann Arbor, Michigan, Bill Ager graduated from the University of Michigan and then served in the U.S. Army. He graduated from the Defense Language Institute and worked at the Army’s Freedom of Information Center in Washington… Read More

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