Estate Planning

Estate planning in Michigan requires careful thought and consideration about several matters. An estate planner might have the best interests of beneficiaries in mind, and steps to procure the best outcome could involve deliberately reviewing all actions and...

Michigan estate planning is integral to your overall financial plan, and some fundamental considerations can help lay the groundwork for a strong estate plan. Estate planning protects your assets and distributes them according to your wishes, providing peace of mind....

It's not just the size of an estate that causes probate to cost more. Family conflict, assets that aren't in Michigan and unusual assets like collectibles also drive up the cost of probate. Be consistent Conflicting information in your estate plan causes conflict...

The purpose of estate planning is to make sure your family members receive what you've worked hard for throughout your life in the most efficient and practical manner. One such method is providing access to your Michigan bank accounts after you pass away. Add "payable...

Estate planning refers to the process of planning and organizing your estate, including all financial assets, investments, real estate holdings, business interests and personal possessions. Your estate plan should include provisions for who you want to receive your...

As parents get older and need to be taken care of, the responsibility often shifts down to the children. Sometimes, the way to share the load is obvious, but it's not always so easy. Either way, it's a mistake to wait until your parents in Michigan need help before...

One of the biggest challenges of discussing estate planning with your children in Michigan is the fact that it can be a very emotional topic. You may be worried about how your children will react to the news, or you may be concerned about their ability to handle the...

Many people don't think about the daily life risk of losing their ability to function independently. However, all it takes is a nasty blow to the head to incapacitate you. In this situation, you would be unable to make health care and financial decisions for yourself....

Planning for the future by creating an estate plan is something that can benefit all Michigan residents. If you wish to protect certain property from probate, two options you can turn to are a transfer on death account or a revocable trust. Knowing the differences can...

An unexpected death in a Michigan family can leave survivors in a precarious situation when an estate plan is incomplete or out of date. Family situations can change with time, which means it is vital for people to evaluate their estate plans at least annually. This...