You may be wondering when is the right time to talk to your loved ones about procuring Medicaid. If you live in the state of Michigan, you can get the details about this program from a local health care provider. This is a program that has been set up to meet the...
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Estate Planning
Estate planning documents: why you need them
Even though most people admit that they haven't done so yet, about 58% of adults in the US have not completed essential estate planning documents. It can be uncomfortable for many people to discuss what will happen to their assets when they pass away, but estate...
Creating a sound estate planning strategy in Michigan
An estate plan is a document that outlines your wishes for your property and assets after you die. Without a proper estate plan in place, the courts may decide what happens to your property, and this may not be what you want. The question is, how can you create a good...
3 common mistakes executors make
The loss of a loved one can be a devastating emotional time for the surviving heirs. For an individual identified as the executor, however, emotional turmoil can quickly turn into financial turbulence and family strife. Even for the well-intentioned, it can be...
What documents should every estate plan include?
In Michigan, as in other states, estate planning is one of the most important aspects of general financial preparation. However, most people are under-prepared in this area and are not aware of all the documentation that they need to have a complete estate plan....
Considerations in choosing the right business successor
Chances are, you spent the better part of your life building and developing your business. Now that you are thinking about saying goodbye, you want to make sure to leave your business in the right hands. Typically, the longer you give yourself to work out your...
Estate planning after divorce
All your attention during a divorce will likely be on the proceedings. However, once everything is final, you should then turn your attention to updating important estate planning documents. After all, you want to make sure your ex does not receive all your money and...
Lame Duck Legislature Abolishes Michigan Dower
In its lame duck session of 2016, the legislature passed a package of bills abolishing Michigan dower. Effective 90 days from the date the bills are signed by the governor and filed with the Secretary of State, transfers of real estate in Michigan will no longer be...
Family Feud: Estate Edition
No family is immune from the ravages of estate-related fights.Not even the families of well known celebrities and politicians. Fred Thompson's progeny are not happy campers.The sons of the late former United States Senator and Law & Order star are pursuing a...
Estate Planning Mistakes To Avoid
Whether you are single, newly married, young or reaching your golden years, having an estate plan is important. But not just any plan will do; it is important to make sure you have a plan that works for your situation and avoids the common pitfalls of probate and...