Estate Planning and Elder Law
Determining who will be responsible for handling your plans after you pass away is just as important for deciding who will receive assets in your estate. This person should be responsible, trustworthy, understand your wishes and the importance of adherenc ...
When you put together a power of attorney and appoint your chosen agent, you are trusting that person to make decisions on your behalf. You should always communicate your intentions and any concerns directly with that person so that you feel comfortable t ...
If you are the parent or guardian of a child with special needs, you may be questioning the best way to support their life going forward. You may be conscious of the fact that owning too much wealth directly could disqualify them from important government ...
Do you have a plan for who could make decisions or take actions on your behalf if you were incapacitated? Many people think about estate planning as answering questions for what happens to your property after you pass away. But this leaves out important c ...
Do you want your loved ones to receive assets quickly and clearly from your estate? If so, as most people do, you need estate planning to make that happen. Some advanced preparation with estate planning can go a long way towards accomplishing this goal. ...
When you have a variety of investment accounts and interests, this can prove a problem for estate planning. Documenting all this information can make it easier for your chosen loved ones to take action in the future. Investing has the potential for a g ...
Michigan, like other states, has specific requirements for a will to be accepted in probate court. For example, the will creator must be at least 18 years old and of sound mind. The will must also be signed by two witnesses. There are several different ...
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 ...