Estate Planning Documents in Michigan | What to Know

When it comes to creating a comprehensive estate plan, there are a number of documents you may want to create. Below is an overview of some of the most common estate planning documents in Michigan: What is a Will? A will is an important part of any estate plan. A…
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When Should a Child Receive His or Her Inheritance in Michigan?

When you were 18-years-old, were you financially responsible? For the most part, 18-year-olds are first beginning to understand the importance of money, how to save it, and what to spend it on. As a result, many parents worry that their children will receive their inheritances before they are mature enough.…
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Estate Planning for Baby Boomers in Michigan

Estate planning can be stressful, but going into the process prepared can make all the difference. Read on to learn more about estate planning for Baby Boomers in Michigan. Who are Baby Boomers? The term "Baby Boomer" refers to those who were born between 1946 to 1964. Why Do Baby…
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What Happens to My Money When I Die? | What to Know

When it comes to estate planning, many people wonder what happens to their money when they die. Read on to learn more. What is a Will? A will is one of the most important documents you can create when it comes to the estate planning process. A will is a…
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Modifying or Terminating a Trust in Michigan | What to Know

A trust is a legal document that is used to manage certain assets. This can be an important aspect of estate planning. Read on to learn more about creating, modifying, and terminating trusts in Michigan. Who is Involved in a Trust? The three parties involved in the creation of a…
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Planning for Sentimental Assets in a Michigan Estate Plan

Over the course of your life, you will acquire a number of different assets. Different assets require different care. This is the same when it comes to their distribution. For example, you may need to plan differently when it comes to leaving your loved ones real estate property or a…
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Special Needs Trusts in Michigan | What to Know

If you have a loved one with special needs, you may need to take certain steps to protect them in the future. This is because failing to properly plan can mean unintentionally disqualifying your loved ones from the government benefits they need. One way to avoid this is by creating…
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Estate Planning Mistakes to Avoid in Michigan

Estate planning is a complex process, and unfortunately, it is easy to make mistakes. These mistakes can have major impacts on you and your loved ones, so it is important to know what to avoid when it comes to estate planning. Read on for more information. What are the Biggest…
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Power of Attorney vs. Guardianship in Michigan | What to Know

Many people wonder about the differences between a power of attorney and guardianship. Read on to learn more. What is a Power of Attorney? A power of attorney gives a loved one the ability to make important decisions on your behalf in the event that you can no longer make…
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