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December 2018 Archives

What are some tips for dividing the family farm?

When you own your own business in Michigan, it can make estate planning more difficult. Things may get even tougher if you own a farm. Dividing the family farm can be a very sensitive issue to broach with your loved ones because everyone has a stake in what happens with it. So, as you start your estate planning, here are some tips to keep in mind from NorthernAg.

What is a cohabitation agreement?

Marriage offers a couple a lot of advantages, but it also involves a big commitment and a lot of legal and social implications. Some couples in Michigan do not wish to enter into marriage, perhaps because of personal beliefs or because doing so would be economically disadvantageous. If you and your partner fall into this category but would still like to delineate rights, responsibilities and financial obligations to one another through legal means, you have the option of entering into a cohabitation agreement.

New baby? Remember to set up a guardianship in your estate plan

Having a new baby dramatically changes your life. You now have a tiny human who depends on you for everything. Meeting those needs can be a challenge sometimes. While you might not think that you can add anything else added to your schedule right now, there is one very important consideration you need to remember. You need to get an estate plan set up.

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