Estate Planning

In Michigan, there are two different kinds of advance directives that are recognized as legal and binding: the do not resuscitate declaration and the durable power of attorney for healthcare. These are important aspects of letting a person declare their health...

Middle-aged people in Michigan and around the country may be procrastinating on estate planning more than Generation Z, according to a 2021 survey. It found that, for the first time ever, people in the 35- to 54-year-old age group are less likely to have a will than...

Estate planning as new parents is time-consuming, but making a plan for your child is important. Michigan families have a tremendous amount to care for and account for. Among the concerns that new parents have are the health, finances, and future of their newborn...

Estate planning takes into account a spouse if you have one. If you die without a will, which leaves you with an intestate estate, Michigan state law defaults your possessions or financial assets to a living spouse. Disinheriting a spouse, though difficult, is...

If you own a pet, it may be possible to include provisions for that animal in your estate plan. For instance, you may be able to create a trust that is to be used to provide for your animal's needs after you pass. It may also be possible to name a preferred guardian...

If you found love with someone new in Michigan, either you or this person might have children from a former relationship. When this happens, you're living in a blended family. With that said, starting a new journey with a blended family can get complicated....

The fundamentals of estate planning do not change, even as the decades pass. Preparing a last will and testament and power of attorney designations continues to stand as essential elements for Michigan residents, as does putting together a file of helpful information...

Building a blended family in Michigan comes with joy and liveliness in your home, but it also comes with more responsibilities and a more complicated estate planning process. To ensure that all your children are taken care of, both biological and stepchildren, take a...

Careful estate planning is essential for a peaceful retirement in Michigan. In general, retirees must plan how they will finance their retirement with core assets and what portion of their excess assets they want to leave to beneficiaries. The first step to planning...

When life changes, often your perspective changes. For example, this past year, many families lost loved ones in the pandemic. Those who were older likely took additional steps to prevent themselves from getting sick and potentially ending up in the hospital. Others...