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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…
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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…
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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…
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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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Ann Arbor, MI Attorney
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