Did you know that individuals who get divorced are more likely to remarry? In fact, 57-63% of divorcees remarry, forming blended families where one or both parties may have children. Unfortunately, many of these individuals fail to update their estate plans after they...
Writing a will empowers you to decide how your assets and possessions will pass on to your loved ones when the time comes. If someone in your family passes away without a will, however, there might be uncertainty in the air regarding what will happen with their...
You do not have to put your estate through probate court. To avoid the process, you need to place your assets in a trust. However, establishing a trust usually is more expensive than writing a simple will. You might question the benefit of avoiding probate court,...
If you are considering estate planning in Detroit and the surrounding areas, you may be wondering whether you need a will or a trust. The terms "will" and "trust" are sometimes used interchangeably in error. It helps to identify exactly what each document is to...
While no one wants to think about the end of their life, specific steps should be taken to ensure that loved ones are provided for long into the future. Estate planning represents proactive steps that make lives easier for survivors suffering a devastating loss....
Your estate plan protects the assets you worked so hard to acquire during your life. It also ensures that your family receives the proper support after you are gone, which will help them cover essential living expenses. In addition to creating a will, you must also...
Like most other states, Michigan has a social safety net that aims to protect the most vulnerable members of society. The federal government also administers means-tested benefits to those who cannot work because of physical and mental impairments. Qualifying for...
Most people do not want to think about living wills until confronted with the possibility of death. According to a Caring.com survey, the delay in handling one's affairs leaves many families' assets vulnerable, as two-thirds of Americans have no estate plan. The end...
An estate plan consists mostly of documents that are legally binding, and this is important when it comes to procedures such as probate and the disposition of assets. However, not every document in your estate plan needs to be a legal document. While it is optional,...
Undue influence is a major issue in estate planning. However, most people will likely go their whole lives without ever hearing this term, up until they have to deal with an older relative and their estate plan. What exactly is undue influence? What should a person...
