Our regularly updated blog provides important information about estate planning in Michigan. Learn about key estate planning documents, as well as the special estate planning needs of blended families, singles, parents of special needs children, and unmarried couples in committed long-term relationships.
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Overcoming the Fears of Estate PlanningWhen it comes to estate planning, talking about wills, or long-term care planning, a lot of people have reservations, or even fears, about their future. One common fear among older folks is planning for the future only to run out of money. This comes up a lot in regard to long-term care planning. But the... Read More »
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Estate Planning for Unmarried CouplesToday it has become increasingly common for people in relationships to choose to devote themselves to one another without getting married. While these couples may share a home and assets, the law limits their ability to inherit from one another outside of marriage. Therefore for unmarried couples who wish their partner to inherit their property... Read More »
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What You Must Have in Your Estate PlanAn estate plan is something that most everyone needs. While many people believe that all they require for their plan is a will, in order to create a comprehensive estate plan, several areas will be need to be addressed. Your Will First and foremost, if you do not have a will or... Read More »
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Set Up for Success : Why Trusts Are So ImportantIndividuals and families often rely on wills to define the future of an estate. While the will is an important estate planning tool that works well, in some instances, it might not be the right document for your situation, as it can lack certain protections. A trust, on the other hand, can be set up... Read More »
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Are You Experiencing “Encore Adulthood”?As the Baby Boomer generation ages, the cohort is finding itself in a brand new position. Boomers are reaching retirement age but not retirement mindset. Whether because of financial necessity, an energetic spirit, a simple desire to keep working, or something else, people are continuing to remain in the workforce for years beyond typical retirement age.... Read More »
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A Gray Area: Navigating the Reality of “Gray Divorce”The decision to end a marriage after many years is never an easy one. After decades together, some couples simply grow apart or struggle with bouts of infidelity. There are many reasons why couples over 50 choose to divorce, and things can be extra complicated in this type of divorce, also known as “gray divorce.”... Read More »
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The Health Care Durable Power of Attorney: What You Need to Know.Few of us have not heard the term medical power of attorney. These documents are usually brought up by hospital staff when a loved one or we are about to undergo a medical procedure. While most people are reticent to consider what may go wrong while they are not able to make decisions, these directives... Read More »
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Couple Donates $10 Million Insect CollectionRetired couple has donated their expansive insect collection to Arizona State University's entomology department, along with an endowment of $2 million.
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The Responsibilities of the Personal Representative of Your EstateMany people are named the personal representative of a loved one’s estate by virtue of the fact they are a close relative such as the adult son or daughter of the person making the will. While the person named is most likely someone the person making the will trusts, the named personal representative may not... Read More »
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Burial Policies: What You Need to KnowFuneral expenses are not always something most people want to consider. However, given that the average funeral can cost more than $10,000.00, it is worth taking into account how this expenditure will be paid. There are essentially three options: 1) leave the matter for your family to pay for from your estate or their own... Read More »