Estate Planning

Wealthy Michigan residents frequently donate to philanthropic causes during their lifetimes. While many do so for tax reduction purposes, others do so because they believe in the organization. People who have large estates can continue to donate after their deaths....

Your Michigan home, a bank account or other assets inside of your estate can be divided however you wish after your death. As long as your will or trust are valid, you can provide each of your beneficiaries with as much or as little of your estate as you'd like. In...

Life is full of decisions for Michigan adults. At this point in life, making decisions is probably second nature. Unfortunately, illnesses, injuries and other life-changing events can impair decision-making abilities. When these situations happen, choosing an...

A Michigan attorney-in-fact is a person who can make legal decisions on your behalf. You must complete a power of attorney document before anyone can serve as your attorney-in-fact. Once you’ve chosen your attorney-in-fact, that person can take legal actions and make...

Estate planning in Michigan is a critical topic for new parents. After all, they will need to think not only about their financial security but also about their children's future. Creating a plan now can ensure that your wishes for your children are carried out if...

As Michigan residents approach retirement age, there is a natural inclination to focus on financial planning, healthcare and lifestyle adjustments. Estate planning for retirement is the process where you organize and arrange your assets and affairs to ensure a...

Your estate is responsible for resolving any debts that remain after your death before assets can be distributed. Creditors in Michigan have a period of several months after a probate notice is published to make claims against your estate. If claims aren't made in a...

Advance directives are an essential estate planning tool for Michigan residents. This document outlines what should happen if you cannot make your own medical decisions. The document will list your wishes for end-of-life care and what should be done under different...

Talking with your parents in Michigan about estate planning can be intimidating and challenging. By avoiding this conversation, you may deprive yourself of key instructions or financial information that further complicate dealing with their estate after their...

Many estate planning tools are available for people to use, including the very popular revocable trust. This legal arrangement is essential in estate planning and frequently used because it allows individuals to control their assets while they are alive and mentally...