Helping Clients Build A Safe, Secure Legacy
A financial power of attorney is one of the most important estate planning tools available to any adult of sound mind. Yet, many people overlook it when creating their plans. If you have not yet executed this legal document, know that it can allow you to designate...
Adulting isn't easy. While living on your own is an adventure in independence, it also has its downsides, such as paying rent and scheduling your own doctor and dentist appointments. You can now add "estate planning" to that list because it's not just for people who...
Creating your estate plan enables you to tell your loved ones what you want to happen with your assets when you pass away. This has several components, so it’s critical that they work together in a way that’s legally enforceable. When it comes to your assets, the two...
When a loved one passes away, it is natural to feel overwhelmed by the probate process, which involves settling the decedent's estate per their will. Whether you're an estate beneficiary or the estate executor, understanding the steps required in Michigan can help...
Estate administration in Michigan can be a lengthy process. Personal representatives often spend a year or more communicating with interested parties, attending hearings in probate court, managing various assets and carrying out an individual's last wishes. Throughout...
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,...