This is often the very first step of our relationship, where I ask you to fill out this Client Information Worksheet.
Thanks to the large federal estate and gift tax exemption (currently $5.49 million for individuals and $10.98 million for married couples), most people do not need estate planning for the purpose of saving
Of course, no one is expecting to die young or while your children are young. But the responsible thing to do, as a parent, is to plan for that possibility no matter how remote it seems. A good estate plan for a young family includes two major features: (1) naming a guardian for your minor children and (2)
A basic estate plan in Michigan includes a Will which deals with your property and allows you to nominate guardians for minor children. It also includes a Living Will and Patient Advocate Designation and a Durable Power of Attorney, both of which allow someone to manage your financial affairs and make
Death is certain but estate planning shouldn’t contemplate just your death. You should plan for the event, however remote, you become incapacitated and unable to make medical or financial decisions.
There are many online DIY legal providers that charge little for estate planning documents, but the problem is that they lure you into a false sense of security. The main problem with these standard forms is due to their one-size-fits-all packaging – the documents are pre-drafted and you have a limited
Recent Blog Posts
With Mother’s Day coming, I thought I’d write about how estate planning is just so important for mothers and women generally! While everyone needs an estate plan, as well as a financial plan, women in particular face unique concerns in…
You and your family is flying on the same flight to your destination. The plane crashes into the sea. Nobody survives. This is the unthinkable. What happens to your assets? This is so remote but there is a statute in
There’s nothing more certain than getting older and eventually dying. But what about in between if you become incapacitated? Proper planning can help ensure that your estate is in good hands as you age when
Wedding season is coming – wedding bells are in the air! Even young first-time newlyweds in Michigan without many assets should have a basic estate plan in place. Additionally, if newlyweds have a pre- or post-nuptial agreement, the Wills need to…
A Ladybird deed is a specific type of warranty deed or quitclaim deed that allows you to transfer real estate to someone else outside of probate, while retaining a life estate in the property. This is actually an “enhanced life…
If you are one of the many Americans who are in a second (or third or fourth…) marriage, you need to re-evaluate your estate plan. Unlike a typical first marriage, subsequent marriages often require special