Setting up an irrevocable trust means that once the trust is in place, you cannot alter or abolish it. However, thanks to the state decanting law, you have a way of changing your trust by "decanting" the contents of your trust into a new trust. When you set up a new...
Month: September 2020
3 estate planning errors to avoid when you remarry
Certain life events warrant a fresh look at your estate plan, and getting married for a second time is among them. Failing to update your estate plan when you remarry in Michigan may impact your new spouse as well as any children you have from your previous marriage....
Helping your loved one create an estate plan
If you already have an estate plan in place, you likely recognize the many benefits of having an effective will or trust and you understand the importance of planning ahead (including the possibility of unexpected accidents and health challenges that interfere with...
What are viable options for paying for long-term care?
Older adults in Michigan and across the country often have a hard time affording long-term care costs. Insurance coverage is not an option for everyone, and the same applies to investing. To offer some financial and emotional relief, U.S. News & World Report...
