Helping Clients Build A Safe, Secure Legacy
Part of estate planning is considering the well-being of your children. You want to ensure they have financial security, but you also worry about the mismanagement of funds or threats to the assets. A spendthrift trust may be a viable solution. The pros and cons of a...
Starting a business is an exciting endeavor. You are watching your dream become a reality. As it grows, you will take on more responsibility and make more decisions. Running your business can quickly become overwhelming. Should you consider bringing on a partner? The...
You may need to consider adding a trust to your estate plan. A trust is a legal document that allows you to arrange the distribution of assets to beneficiaries–much like a will. Why does a trust sound like a will? The two legal documents have very similar uses. A will...
Adult children can inherit assets from their parents when their parents pass away. Often, their parents will have written a will as part of their estate plan, or the assets will simply go through probate. But what happens to their remaining debts? Often, these adult...
Estate planning offers an opportunity to give back to your community, and charitable trusts are a powerful tool in this process. By establishing a charitable trust, individuals can support local causes while ensuring their legacy aligns with their values. In Michigan,...
Buying new land and starting from scratch isn’t the only viable option for those interested in real estate development. Redevelopment can be a lucrative option for property owners and development companies. While West Michigan and the area around Grand Rapids have...
Bringing up estate planning with your parents can feel uncomfortable, even a little morbid. However, avoiding the conversation doesn’t make the need for it go away. Whether you’re worried about their future or just trying to help them stay organized, starting the...
If injury or illness leaves you unable to communicate your treatment wishes to doctors, you’ll want someone to do this for you. Therefore, you should name someone as your health care proxy. They will need certain qualities to do the job well, including the following....
One of the things you should do when making your estate plan is to name an executor (also known as a personal representative). They will act to oversee the distribution of your assets according to the instructions you leave and any relevant state laws. At some point,...
An easement refers to a person’s right to use a part of another person’s land for a specific purpose. It is a “nonpossessory interest.” This means that the easement holder does not own the land but has permission to use it in certain ways. Property owners usually...