Estate Planning and Elder Law
As baby boomers get older, many of them will have substantial assets left over after paying for their own lifestyle in retirement. Those who have planned ahead for health care needs, such as by purchasing long term care insurance, may have even more. This ...
If you've put off the process of estate planning because it feels overwhelming, or because it feels irrelevant to you, think of estate planning like the instruction manual you pass on to your loved ones to assist with the disposal of your assets. Just lik ...
It is very important to have a plan for what your loved ones should consider with regard to your medical care if you become incapacitated and unable to speak or think for yourself prior to your death. You might need a patient advocate to help speak up on ...
One of the simplest methods of gifting future generations is to establish a custodial account under your state's version of the Uniform Gift to Minors Act or the Uniform Transfer to Minors Act. The primary purpose of these accounts is to allow gifts to be ...
Is life insurance part of your estate plan? If not, you might want to consider this additional form of protection and coverage. Your estate planning attorney can help you determine where this fits into your overall Michigan estate plan. After you have se ...
The pandemic has been a whirlwind and a wakeup call for many people who did not have appropriate financial plans or estate plans in place. Many financial advisors and estate planning attorneys have seen a dramatic increase in the number of people seeking ...
The outside insight from an experienced estate planning attorney can help to create a comprehensive plan for you and your spouse, but how do you get your spouse on the same page if they're putting off estate planning entirely? One of the leading reasons t ...
An advanced directive which documents your wishes regarding specific medical care should always be put in writing. Every state has different requirements and forms for making this a legal document. A form might need to be notarized or signed by a witness ...
Most personal representatives in Michigan are able to handle these estate administration tasks without additional support. However, any interested party has the right to ask for supervised administration if they deem that it’s a fit for the particular cir ...
There's a lot that goes on your wedding to-do list, but there's one task that's often overlooked: prenuptial estate planning. It can be a real challenge to accomplish estate planning for the newly engaged. This somewhat morbid topic can be problematic ...