In the journey of life, one certainty is our eventual departure. Yet, others overlook the significance of planning for this, particularly when it comes to their assets and loved ones. If you are thinking of creating an estate plan, how can a last will and testament...
Estate Planning
Key strategies to safeguard your estate
An effective estate plan revolves around more than just asset distribution. It is a dynamic process that requires thoughtful decisions that aim to protect your children’s future when you are no longer around. As time passes and your life circumstances change, your...
What you need to know as an estate personal representative
Personal representatives of estates play an essential role in managing and distributing assets when their owners pass away. However, despite the significance of the role, many accept the position unaware of its extensive responsibilities and demands. This often leads...
Revocable trusts are useful estate planning tools
Many Michigan residents include revocable trusts in their estate plans because these versatile instruments protect their assets while they are alive and give them more control over how their estate will be administered after they pass away. Revocable trusts are so...
Do child-free, married couples need an estate plan?
An estate plan is one of the most important legal considerations that you must prepare in your lifetime. While parenting might not be part of your plans, child-free couples like you would still benefit from planning out how you want to secure your legacy and...
Financial stress is causing millennials to put off estate planning
The results of a survey conducted by a leading digital estate planning platform suggest that many millennials in Michigan and around the country are struggling to cope with their financial situations. Almost three-quarters of the 15,000 millennials surveyed expressed...
Choosing a trustee for your irrevocable trust
Many Michigan residents choose to include irrevocable trusts in their estate plans to avoid the probate process and give them more control over how their estates will be administered and their assets distributed. When an individual chooses to create an irrevocable...
The importance of having advance care directives
Estate plans aren’t the most popular topic, but everyone in Michigan should have one. Some people think this entails only having a will, but there’s much more to it than that. Advance directives are crucial legal documents to include in your plan. Understanding...
How to make your estate plan diverse and inclusive
There is often conflict over what happens to a person's estate and assets after they pass away. When there is no clear will or other estate planning documents, what happens can be largely left up to Michigan judges and the probate process. As a result, a decedent's...
Altering estate plans
Compiling a comprehensive estate plan has many potential upsides. Creating a will or a trust that keeps beneficiaries from dealing with Michigan interstate laws might make things less stressful and more productive for survivors. Crafting other elements of an estate...