Michigan is one of just five states that recognizes what is known as a Lady Bird deed. This is a tool that can be useful in estate planning. It can be a way of passing on real estate without having that property go through probate. What is a Lady Bird deed? When you...
Wills & Trusts
6 big estate planning mistakes to avoid
When you decide to make a will and estate plan, the task ahead of you can feel overwhelming. How are you going to decide who gets what and who should manage distributing your assets? If you aren’t strategic in your estate planning, you could make a mistake that could...
What estate planning documents do I need?
Estate planning is essential for anyone with assets, regardless of their age or their assets. An estate plan allows you to have peace of mind by putting your affairs in order in the event of your death, or if you suffer unforeseen injuries or illnesses that lead to...
One size does not fit all in estate planning
Forbes explains how your estate planning needs may change over time. Michigan residents may find it valuable to periodically revisit and refine their estate plans based on evolving family circumstances. We have helped clients design estate plans to meet their...
Should you establish a special needs trust for your disabled child?
If you have a special needs child, you have a lot on your plate. Depending on his or her specific disability and the severity thereof, you may spend considerable time seeing to his or her needs. But who will care for him or her if (s)he outlives you? Establishing a...
Understanding “undue influence”
When a will makes its way through a Michigan probate court, a relative or beneficiary who questions its contents may have a chance to raise his or her concerns and question the validity of the will itself. At , we recognize that there are...
What are charitable trusts?
Many people have special causes they give to over the course of their adult lives. Perhaps you want to continue that giving by making sure a Michigan charity or foundation receives some of your assets after you pass away. With the help of some smart estate planning,...
Divorced parents feud over daughter’s remains
Many in Fowlerville often ask when is the ideal age to prepare a will. Unfortunately, there may not be an easy answer to that question. Some (especially teens and young adults) may see no need to prepare a will due to the fact that they do not have significant...
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...
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...