Talking with your parents in Michigan about estate planning can be intimidating and challenging. By avoiding this conversation, you may deprive yourself of key instructions or financial information that further complicate dealing with their estate after their...
Month: May 2023
Revocable trust: a useful estate planning tool
Many estate planning tools are available for people to use, including the very popular revocable trust. This legal arrangement is essential in estate planning and frequently used because it allows individuals to control their assets while they are alive and mentally...
The importance of including the family home in an estate plan
You may be reluctant to speak about your death with your children or other heirs, but it's a meaningful first step in estate planning. You should set everyone's expectations concerning the settlement of your estate, including the disposal of your Michigan home....
Do you have what it takes to be a landlord?
If you're a real estate investor who wants to save money by managing your own Michigan rental properties, that is an achievable goal. However, there are some downsides to being a landlord that you should consider before you start assuming that responsibility. Here are...