» Estate and Probate

What Is the Difference Be…

What Is the Difference Between a Will and an Estate Plan?

Individuals often think that if they make a Will, it means they have an estate plan — but that actually is a common misconception. While your Will is part of an estate plan, it is only part of a complete estate plan. In the discussion that follows,… Read More
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Categories: Estate and Probate
What Is the Best Place to…

What Is the Best Place to Store Estate Planning Documents? (and Why Safeguarding Your Estate Plan Is Essential)

Your estate plan protects your family, yourself, and your assets for the future. It represents an investment of significant time and energy. Now that you have it in hand, what should you do with it? Is there a best place to store estate planning docu… Read More
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Categories: Estate and Probate
Checklist

Avoid Making Estate Planning Mistakes

The first mistake to avoid is not having an estate plan that includes a Will or a Trust along with a Durable Power of Attorney for Financial Matters and a Patient Advocate Designation. If you die without a will (die intestate), the State of Michigan… Read More
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Categories: Estate and Probate

PROTECT YOURSELF AND YOUR FAMILY WITH AN ESTATE PLAN

How do you protect yourself and your family with an estate plan? Create a Will or Trust for transfer and management of your assets after death. If you don’t have a Will or Trust, the State of Michigan will determine how your assets will be distribu… Read More
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Categories: Estate and Probate

Do you have an Adult Life Plan (an Estate Plan)?

An estate plan is a person’s “adult life plan”. Adult life begins when a person can vote, enter into contracts and make health care decisions for him or herself. Consequently, everyone needs to plan when they become an adult. Estate planning is… Read More
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Categories: Estate and Probate

Prince’s Death Shows the Importance of Estate Planning

Learning from Prince’s Death: Do your Estate Planning now. Prince did not have an Estate Plan – Here’s Why You should have one. The singer and artist Prince recently died without a will, trust or any other kind of an estate plan to pass… Read More
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Categories: Estate and Probate

New Property Tax “Uncapping” Exemption Will Help Keep Your Home, Vacation Property or Cottage in the Family

Michigan has a new law, Public Act 310 of 2014, which has expanded the transfer of residential property to and from certain family members, trusts and probate estates, without causing the taxable value of the property to be “uncapped”. This is gr… Read More
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