Estate Planning

When someone dies and leaves a will that outlines how they want their assets to be distributed and the beneficiaries that should receive them, Michigan courts will generally accept the document as representing the decedent's wishes. In most cases, the probate court...

Leaving assets and property to heirs can be a complicated process, especially if you have considerable wealth. Yet, it can become even more challenging if family members are estranged from one another. Estrangement from a child, siblings or other family members often...

Many people in Michigan visit dentists to receive needed care. Dentists spend a lot of time caring for their patients. However, these professionals must also take care of their estates. Estate planning for dentists involves completing several crucial steps. Protecting...

A Lady Bird deed is an estate planning tool available to Michigan residents. Another name for this deed is an enhanced life estate deed. In addition to Michigan, the deed is available in Florida, Texas, Vermont and West Virginia. You should know a few things about a...

Trust fiduciaries manage and administer trusts on behalf of other people. To serve well as a trust fiduciary, it is essential to balance the financial interests of the trust with the wishes of the trust's beneficiaries. Furthermore, there are regulations to which all...

Many individuals in Michigan and other states focus on financial and retirement planning but neglect to address their estate planning adequately. However, delaying the estate planning process can lead to costly mistakes. Avoid common mistakes to ensure your assets are...

After working hard and building wealth, you want to ensure that your assets get distributed the way you want upon your death. While you may not get classified as one of the few Americans without some form of estate plan, do you have a plan for if a medical condition...

Named beneficiaries should be a part of your Michigan financial preparedness plans if you wish to leave specified assets to particular individuals. This post will discuss the role of beneficiaries in more detail. Purpose A beneficiary is a named individual you...

Estate planning, the process of preparing for the transfer of a person's assets after their death, may seem like an unpleasant task. However, creating a plan that outlines how assets should be distributed and who should be responsible for managing them is essential to...