» Estate Planning

A woman discussing estate plan with an attorney - will or last testament concept

Choosing a Will or Living Trust for Your Estate Plan

Making the decision between a Will or a Revocable Living Trust is the first step when starting an estate plan. Generally, both Wills and Living Trusts can accomplish the same end results by addressing how you want your assets transferred to your desi… Read More
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Categories: Estate Planning
woman about to sign a will - naming a beneficiary concept

What to Consider When Naming a Beneficiary For Your Estate Plan

When preparing your estate plan, you will need to consider and name beneficiaries who will inherit your assets. Your beneficiaries can receive assets from your will or trust, through life insurance policies, as part of a retirement plan, or through s… Read More
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Categories: Estate Planning
Signing documents - Designating Beneficiary concept

Why Designated Beneficiaries Are Important in Estate Planning

Designating beneficiaries is an important but often overlooked aspect of a sound estate plan. Many people prepare their estate planning documents, such as their last will and testament or trust, but forget to verify and update beneficiary designation… Read More
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Categories: Estate Planning
Attorney consultation for senior couple. Patient advocate designation and senior planning concept.

Dementia Awareness: Michigan Patient Advocate Designation

June is Dementia Awareness Month, which provides an opportunity to learn more about this condition and make plans for your future if you or someone you love ever receives this diagnosis. What Is Dementia? Dementia is a general term for a group of sym… Read More
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Categories: Estate Planning
power of attorney

How to Choose the Right Power of Attorney or Personal Representative

When it comes to selecting someone to serve as your power of attorney or personal representative, you simply cannot be too careful. This is a person who will handle your legal and financial affairs if you are unable to do so, and the person who will… Read More
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Categories: 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