Compassion, integrity and trust
The most common beneficiaries of estate plans include spouses, children, and family members. However, charities and nonprofits can also be named as a beneficiary in your estate plan. A beneficiary can be a person or entity that you wish for all or part of your
An important part of estate planning is protecting your assets from creditors. While your named beneficiaries may not have any outstanding creditors currently, it is best to plan for and protect those assets in case of any change. Common creditors may include VISA bills, judgment
If you are a small business owner, estate planning for your business is just as important as estate planning for yourself. Having a well written plan for your small business ensures that your business operates smoothly after a transition of ownership. Whether you have a
Planning for digital assets within your estate plan is a relatively new concept for many of my clients. They plan for physical assets, like their homes and money, to be transferred through a Will or Trust but forget about their digital assets. However, planning for
Probate is the process in which a deceased person’s estate is processed through the legal system. In the state of Michigan, when an individual dies without an estate plan or with a will, that person’s estate will go through probate court in the county where
A reverse mortgage may seem like an easy way to receive extra retirement income; however, the ramifications of a reverse mortgage greatly affect your heirs once you pass. Not only does a reverse mortgage increase your debt and leave less assets to your heirs, but
Probate is the process in which a deceased person’s estate is processed through the legal system. In the state of Michigan, when an individual dies without an estate plan or with a will, that person’s estate will go through probate court in the county where
An estate plan is not something you create and then forget about. It is important to review it regularly and update after any major life event. Life continues to change, and your estate plan should be updated accordingly. I always recommend clients review their estate
Estate planning is for everyone in all stages of life. Individuals who are married, as well as those who are single, need a complete estate plan to protect their assets and interests. In fact, it is essential that unmarried couples create an estate plan. Otherwise,
While your young adult children won’t be heading off to college until August, it’s time for parents to have their children sign a medical power of attorney and financial power of attorney prior to the start of the semester. It is important that parents talk