Estate Planning

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...

You may be reluctant to speak about your death with your children or other heirs, but it's a meaningful first step in estate planning. You should set everyone's expectations concerning the settlement of your estate, including the disposal of your Michigan home....

Michigan residents who are going through estate planning might be familiar with the probate process. Depending on the size or conditions of your estate though, a secondary probate process might be needed. Ancillary probate is an additional process that happens if the...

In Michigan, estate planning for newly single parents can present many complexities and emotional challenges. However, after losing a spouse to divorce or death, single parents must ensure that their children are cared for. A trust can provide many functions that lay...