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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When it is Time to Change Your Power of AttorneyTwo critical pieces of any estate plan are the powers of attorney for medical care and for finances. These designations are essential because they allow you to name the person you want to make choices about these subjects for you if you become incapacitated. After they are designated, the people in these roles will have... Read More »
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What is a Michigan Domestic Asset Protection Trust?A concern of anyone with creditors is that something may happen in their lives or to their business which will leave their personal assets depleted. Until recently, Michigan residents did not have many ways to protect themselves from such an occurrence. However, recently Michigan joined a growing number of states which allows domestic asset protection... Read More »
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What is a Portability Election and How Does it Relate to You?As married couples plan for their estate there is a concern that what they have will be taxed by the IRS leaving little for their surviving spouse and beneficiaries. In many cases, the estate will not be large enough to be taxed. However, for those estates whose value exceeds a certain amount, the Portability Election... Read More »
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Do I Need to Include a No-Contest Clause in my Will or Trust?Most people know someone who has had to endure conflict surrounding the distribution of a deceased loved one’s estate. Unfortunately, whether its relatives laying claim to family heirlooms or siblings feuding over real estate, things can get nasty even in the most amicable families. One way to prevent this kind of fighting is to include... Read More »
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Legacy Trust and Your FamilySomeone preparing an estate plan often wants to designate that certain funds, possessions, and resources be passed on to family members. When there are significant assets, the individual may wish to leave their estate in a manner which can continue to generate income and increase in value for the benefit of their family continually. In... Read More »
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How To Make a Will Legal In Howell, Michigan?Will lawyers in Howell are privileged to work with all kinds of families in order to plan for and protect their futures. There are many tools that can be used to this end. Probably the most common (and most basic) of them all is the will. We’ve all seen the dramatic readings in movies and... Read More »
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Are Your Heirs Ready for Your Collectibles?Many people invest in collectibles. Sometimes it’s an intentional investment; other times, the collection accrues simply from the love of collecting. And sometimes, people come into a collection as part of an inheritance without even realizing it has additional value. Interestingly enough, the collectibles market can be just as volatile as any financial market. In... Read More »