» Estate Planning
Joint Revocable Living Trusts For Parents with Minor Children
August 12th, 2024
In Michigan, establishing a Joint Revocable Living Trust as part of your estate plan can be an excellent choice if you have minor children or young adult children. What is a Joint Revocable Living Trust? A joint revocable living trust (JRLT) is a sin…
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Categories: Estate Planning
Starting an Estate Plan in Michigan
July 17th, 2024
Estate planning is for everyone. It provides a method for an orderly distribution of your assets and property following death and also serves the equally important purpose of protecting you and your family during your lifetime in the event you become…
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Categories: Estate Planning
The Importance of Coordinating your Beneficiary Designations with Your Will and Living Trust
June 5th, 2024
Using beneficiary designations offers a simple and cost-effective method for the transfer of your assets at death. It is also important for estate planning because naming beneficiaries on bank and financial accounts, life insurance policies, annuitie…
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Categories: Estate Planning
Estate Planning with a Michigan Lady Bird Deed
April 10th, 2024
A lady bird deed, also called an enhanced life estate deed, is a popular estate planning tool that avoids probate and accomplishes other estate planning objectives. It is a special method of automatically transferring your home and other real propert…
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Categories: Estate Planning
Why Estate Planning Should Be One of Your New Year’s Resolutions
January 5th, 2024
Studies indicate that about 40% to 50% of us make promises to improve as the calendar turns over to a new year. For 2024, your resolutions should include creating, or reviewing and updating, your estate plan. New Year, New Estate Plan An up-to-date e…
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Categories: Estate Planning
The Problems of Not Having an Estate Plan
December 5th, 2023
Not having an estate plan means that your family and loved ones may encounter problems when you die — and also during your lifetime. Some of those problems may not be easily resolved, causing tension in family relationships and leading to outcomes…
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Categories: Estate Planning
Why an Estate Plan is More Than Just a Will
November 1st, 2023
Individuals often think that if they make a Will, it means they have a complete estate plan — but that is actually a common misconception. An estate plan is more than just having a Will. While a Will is an important estate planning document which s…
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Categories: Estate Planning
Understanding the Average Cost of a Will and Trust
October 10th, 2023
Having an estate plan in place ensures that your wishes are fulfilled both during your lifetime and after your death. The process can be complicated and more often than not, requires professional legal assistance. A Will or Living Trust is not a “o…
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Categories: Estate Planning
Estate Planning for New Parents
August 3rd, 2023
There are many ways your life changes when you are a new parent. Something new parents should think about is creating or updating their estate plan. A comprehensive estate plan can give you peace of mind knowing that your assets will be handled accor…
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Categories: Estate Planning
Benefits of a Power of Attorney and Patient Advocate Designation
July 19th, 2023
Unfortunately, circumstances involving illnesses or accidents may arise in your life causing you to be unable to make decisions about your financial matters and your medical treatment. Michigan law provides an opportunity to address such circumstance…
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Categories: Estate Planning
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