With the end of marriage, your life could change in many different ways. For example, the amount of time you are able to spend with your children may differ, or you could face financial issues as a result of child support, alimony, or adjusting to life without your...
Month: March 2018
A look at the breach of fiduciary duties
When it comes to the probate process, there are a wide variety of challenges that people on all sides may encounter. For example, a beneficiary may not believe that their loved one's estate plan was distributed according to his or her wishes, while an executor may...
Providing for a blended family with a proper estate plan
A happy blended family is one that is blended on several levels: physically, mentally, emotionally and financially. An estate plan can be very helpful with the financial aspect. A successful plan clearly designates the distribution of the estate. For those with...
Alzheimer’s and financial planning
The majority of Michigan residents understand the importance of having a will so there is no question what happens to assets once the writer of the will passes away. These days, the aging population needs to consider a more complicated financial plan, and this is one...
What is a constructive trust?
Many Michigan residents are familiar with a trust in regard to estate planning. However, fewer know about constructive trusts, which have a completely different purpose than regular trusts do. A constructive trust is court-ordered when someone obtained the property of...
Benefits and risks of long-term care insurance
As Michigan residents grow older, they need to consider a variety of things so they and their family are protected. This includes writing a will, deciding if a trust is beneficial and naming beneficiaries and guardians. Another consideration is long-term care...
