Many adults who are drafting estate planning documents in Michigan consider adding a trust to their strategy. Trusts can shield people from taxes, protect assets from creditors, help people qualify...
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Estate Planning
3 tips for creating effective powers of attorney
Adults in Michigan need to both plan for their eventual deaths and also what they want to happen should they experience some type of medical incapacitation. Powers of attorney are among the...
What is a breach of fiduciary duty in estate planning?
While estate planning and thinking about what to do with your assets and estate is not the most pleasant situation, it is nonetheless a necessary one. If you do not make your wishes clear and do not...
What do Michigan estate planning attorneys do?
Estate planning is an important process for adults in many different situations. People need to name a guardian when they have children and/or better ensure the right person will inherit their...
3 Benefits That Trusts Create for Those Planning Their Estates
Trusts require a bit more consideration and planning to add to an estate plan than a simple will. However, those who commit the time and effort necessary to create trusts often reap valuable...
Common estate planning mistakes people should avoid
Young couples who are building a family together and professionals who are thinking about their security need to put together estate plans. As do retirees, young adults and anyone else who has a...
Starting the Succession Planning Process for Your Business
What happens to you your business if you become disabled? Voluntarily retire? Have you set up a means of deriving the value of your business for yourself or your family members? If you have not...
Millennials Have Started to Realize That They Need Estate Plans
Many people might associate estate planning as something done by those who are old, ill or incredibly wealthy. However, even younger adults with no dependents and fewer assets can benefit from...
Getting Started With Your Business Succession Plan
As the owner or executive of a successful small or medium-sized business, you have a lot of responsibilities that demand your attention. It is very easy for busy professionals to procrastinate when...
Why is Medicaid planning important for older Michigan residents?
When you think about your retirement and plan for your golden years, you likely envision yourself being healthy and active until your very last days. While that may be an admirable wish, it is far...
Protect Your Health and Wealth With Your Estate Plan
As you age and your family grows, the importance of your estate plan cannot be overstated. Your estate plan is about more than just passing on assets. It is also about making sure that you have the...
Key Differences Between Wills and Trusts
It can be challenging to understand what documents and legal instruments to include when creating your estate plan. Do you need a will, a trust, powers of attorney - or more? Learning some key...
What Is an Estate Plan?
When most people think of estate planning, they think of Wills. While a Last Will and Testament is an important part of an estate plan, it is only one document, which does not provide an individual...
Why do parents need a will?
As a parent, you want what is best for your children no matter what. You work hard to provide them with a comfortable, nurturing home and spend as much time with them as possible to give them love,...