When planning for the inevitable and the unexpected challenges of aging, it is impossible to anticipate all the potential scenarios that may arise and decisions that they may need to make. In order to ensure that someone carries out their wishes, even if they cannot...
Month: January 2020
What is a living will?
If you are young and healthy, the thought of estate planning may be something far from your mind. However, serious injuries or illnesses may strike at any moment and life-saving decisions may have to be made. Without an estate plan in place that includes advance care...
How long it takes to go through probate
Many people seek to avoid or minimize probate because of how long the process can take. If you have never gone through probate, you might believe it takes a lot of time before it finally finishes. In reality, probate can vary in length. Sometimes probate lasts as...
What is a qualified personal residence trust?
Michigan parents looking for ways to pass on their residences to family members sometimes find that they can benefit from a qualified personal residence trust (QPRT). A QPRT is a trust that allows you to remove value from your home before transferring it to an heir....
Get peace of mind by creating a will
If you have assets such as real estate, a car, bank accounts, jewelry or life insurance, your heirs can benefit from your Michigan will. Although you may dread dealing with finances, a will removes the guesswork and can avoid your estate going to probate after your...
What should I include in my advance directive?
It does not matter if you are young and healthy or approaching the end of your life. Every Michigan resident should have an advance directive to address their medical wishes in the event they are unable to make their own decisions. An advance directive can give you...
How to minimize family disputes about your estate
You can put together a well-thought-out and detailed estate plan in Michigan, but if your family wants to argue over it, then there is really nothing you can do once you are gone. The best way to ensure your estate plan stays exactly as it is and follows your wishes...
