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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How to Pick the Right Executor of Your WillA big part of estate planning is choosing the executor of your will. This person will be responsible for administering your estate after your death. The person you choose for this job should be trustworthy and dependable. Here are few tips for choosing the right executor for your will. Keep Family in Mind It... Read More »
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Social Security Survivor BenefitsThe loss of a financial provider to a family can be a catastrophic event. Not only is the surviving spouse left to cope with the emotional pain of the death of their loved one, but they must also determine how they will meet their financial needs. This becomes even more challenging when that spouse is... Read More »
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Social Security and Your Retirement PlansThinking about retirement can bring to mind thoughts of travel, spending time with loved ones, and devoting yourself to your favorite pastimes. For many people, their Social Security benefit will be an important piece of funding their future. Here are some considerations about Social Security and your retirement plans. Full Retirement Age If you have... Read More »
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What Happens if I die Without a Will or Trust?The loss of a loved one can be an extremely stressful and emotionally turbulent time. Initially, the grieving family has to make several decisions regarding final arrangements. Then, family members are then left to determine how their loved one left their estate. When there is a will or trust, it is far easier for the... Read More »
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Estate Planning and DIY ProductsThe average consumer has many options when it comes to managing their day-to-day affairs. Today’s market seems to be flooded with do-it-yourself products aimed at that very thing. Estate planning is one area where there are products directed at consumers who want to prepare their estate plan (Will, Trust, Power of Attorney, Medical Directives) without... Read More »
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Imagining Your Own Retirement UtopiaJoseph Coughlin, director of MIT Agelab, a “multidisciplinary research program that works with business, government, and NGOs to improve the quality of life of older people and those who care for them,” has created an imaginative, interactive map of his vision for the future of retirement living. With spaces for “drone delivery,” intergenerational learning centers, and... Read More »
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The Powers and Duties of a GuardianWhen a loved one has come to a place in life where it is difficult for them to care for themselves and meet their daily living needs, family members or another entity may need to seek the appointment of a guardian. Once the decision to seek guardianship is made, the person seeking guardianship will have... Read More »
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The Michigan Personal Residence Property ExemptionIn Michigan, as in many other states, municipal, school, and city funding is financed partially through property taxes. In addition to a monthly mortgage, the average homeowner can expect to pay some amount in taxes on their property in order to provide support for these entities. Fortunately, homeowners have the option of claiming a personal... Read More »
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Things to Keep in Mind When Selecting a Power of Attorney AgentThe decision to assign power of attorney (POA) to another person is a serious decision that deserves serious consideration. It can also provide a great deal of security and peace of mind for you and your loved ones. Assigning someone to be your POA agent means you are giving them the power to handle your... Read More »
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Rapper Jay-Z Put His Estate Plans into a SongJay Z, husband to superstar Beyoncé and a successful rapper-turned-business mogul, has released an estate planning themed rap song on his new album.