Reasons to Set up a Trust

When thinking about how to develop an estate plan you have probably considered devising a will which directs where your assets will go and states your final wishes concerning your estate and arrangements.  Another estate planning device which could be of significant benefit to you is a trust.  There are several different kinds of trusts… Read More »

Estate Planning as a Single Parent

When you are a single parent, your children depend on you for everything from their food and shelter to paying for their extracurricular and medical expenses.   Additionally, you serve as a primary source of love and emotional stability for your children.  While meeting their day-to-day physical and emotional needs is imperative, it is equally important… Read More »

How an Estate Planning Attorney can Help During Probate

When someone dies, their survivors are often left to cope with the pain of their loss, plan for final arrangements, and then try to manage their estate. If there is a will (or even absent one), a named personal representative must oversee the distribution of the estate through the probate process. Probate, like all legal… Read More »

When You Need to Update Your Estate Plan

Preparing an estate plan can be a multi-step process which, depending on its complexity, can take days, weeks, or even months to complete.  After everything is drafted, signed, executed, and in place, many people will file their estate plan away and consider their decisions settled and the matter closed.  As time passes however, there may… Read More »

What is a Springing Power of Attorney?

Michigan Power of Attorney for Finances The term power of attorney can be used to describe various legal documents which grant another person authority to act on your behalf. Depending on how a power of attorney is constructed it might be effective immediately or at some point in the future.  When a power of attorney only… Read More »

Communication with your Family About Your Assets

Throughout your life, it’s likely that you will accumulate different assets which range in value.  Some, such as your residence, car or personal possessions, will be evident while others like investment accounts or retirement funds may be less visible.  While it may seem like you have plenty of time to plan for your estate, without… Read More »

The Implications of a “Gray Divorce”

According to a 2015 study by the Pew Research Center, the divorce rate for individuals age 50 and older or gray divorce has approximately doubled over the last twenty-five years.  For couples who had have spent most of their adult lives planning to share their home, finances and future divorce can have significant financial implications…. Read More »

Michigan Grandparent Visitation Rights

  When a family goes through divorce separation or death, everyone is impacted.  For grandparents, who once had regular contact with their grandchildren, these changes can mean no longer being able to spend time with them as before. However, there may be a legal remedy available to grandparents which can help visit their grandchildren.  … Read More »

Becoming Parents to your Grandchildren

Grandparents are often there for their grandchildren’s special events, holidays, and may even serve as regular caregivers supporting their family.  Sometimes an unexpected event such as parent’s death, incarceration, or addiction can rob children of their parents leaving grandparents to assume the parenting role.  Few grandparents expect to be raising their grandchildren.  Consequently, this change… Read More »

Do I Need to Claim the Portability Exemption?

  A married person usually has concerns about making sure that they plan for their estate in a manner which leaves their surviving spouse and beneficiaries with as much of their assets as possible.   For those couples whose own high-value assets which exceed a certain amount, the Portability Exemption could be a vital part of… Read More »