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Can’t I Just Use Online Will or Estate Planning Documents?
August 29th, 2023
In today’s age of do-it-yourself (DIY) home repairs, instructional YouTube videos on every possible subject, and Pinterest, it is no surprise that DIY wills and estate planning documents have emerged into mainstream America. Essentially, these form…
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Estate Planning: Dos and Don’ts
June 29th, 2022
The need for future planning confronts all of us at one point or another, and future planning includes estate planning. While you may not wish to think about topics like incapacity and death, they are both a part of life for everyone. Careful plannin…
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Can a Trustee Just Ignore the Terms of a Trust?
February 4th, 2020
Michigan law makes it clear that it is part of a trustee’s fiduciary duty to follow the terms of a trust, including those that relate to administering the trust assets, distributing them in accordance with the directives of the trust, and paying an…
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“Grandparent” Scams
January 9th, 2020
As individuals age, they often become more vulnerable to scams, which can end up costing them a great deal of money. As many senior citizens live on a fixed income, falling prey to just one scam can be financially devastating. One of the most common…
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How Do I Deal With Property Located Out of State in My Estate Plan?
August 6th, 2019
Many Michigan residents own real estate outside the state. Whether it is a Florida beach house, a Kentucky lake home, or a Wisconsin cabin in the woods, you will have take extra steps to ensure that you include that property in your estate plan. If y…
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Should I Put My Adult Child on My Bank Account or Not?
May 7th, 2019
Whether you choose to add your adult child to your bank account depends upon your needs and your objectives in doing so. Some individuals place adult children on their bank accounts simply to make it easier for the children to help them with financia…
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What is the Difference Between a Revocable Trust and Irrevocable Trust?
March 28th, 2019
When most people think of a trust, they are referring to a traditional revocable living trust, which is a common estate planning technique that is designed to easily transfer assets to the trust’s beneficiaries after death without the hassle and ex…
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What Do I Need to Include in a Basic Estate Plan?
March 5th, 2019
While most people are probably familiar with the concept of a will, they may not have extensive knowledge about what a basic Michigan estate plan entails. There are various documents that comprise a comprehensive estate plan, and those documents may…
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Do I Need to Make a New Will if I Just Moved to Michigan and I Have a Will From Another State?
September 25th, 2018
If you just moved to Michigan and you already have a will from Illinois, the good news is that your Illinois will most likely will be perfectly valid under Michigan law. With that said, estate planning law is very different from state to state, and t…
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My Brother and I Just Inherited the Family Vacation Home. What Should We Do Now?
September 18th, 2018
Some vacation homes, cabins, or cottages in Michigan have remained owned by different generations of families for years. The concern for passing these homes down from one generation to the next historically was with the “uncapping” of residential…
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