If you want to avoid guardianship, setting up an effective estate plan could help your loved ones avoid appointing a guardian or conservator in the event that you become incapacitated. People choose to avoid guardianship for multiple reasons, especially since the...
Month: March 2021
Who are the most important people in your estate plan?
When crafting an estate plan, you will likely mention plenty of people. After all, your estate plan is crucial for handling all matters of your end-of-life experience, along with your death. When writing this plan, who are the most important people in it? Who should...
Can you prioritize certain parts of your estate plan in review?
Experts suggest that you review your estate plan every three years. After creating your estate plan, a review this frequent might feel like a Herculean task. Is there any way you can break it down into a more manageable duty? Fortunately, there is. You do not need to...
Can I disinherit my spouse in Michigan?
While disinheriting your spouse from your assets may seem like a harsh decision, there are many situations where it might make sense. For example, if you and your spouse are separated but not legally divorced, you may wish to disinherit them before the divorce is...
Are there different types of trusts?
While wills are an important part of all estate plans, trusts are also beneficial. According to CNN Money, living trusts are established while you are still alive. Like wills, they disperse assets to loved ones after you are gone. However, they provide more control...