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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…
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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…
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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…
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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…
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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…
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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…
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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?…
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The current coronavirus pandemic is a time of uncertainty and uncharted territory. Despite the physical distancing between us, people are coming together and families are reconnecting. We all have a shared concern for our families, friends, businesse…
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If you do not have a Last Will and Testament or an estate plan, your family and loved ones will likely encounter problems when you die — and possibly during your lifetime as well. Some of those problems may not be easily resolved. They can create t…
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Living trusts are a valuable estate planning tool. But a living trust is not appropriate for everyone or every estate plan. If you consider making a living trust part of your estate plan, your first step is to understand how a living trust works and…
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Ann Arbor, MI Attorney
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