News & Articles

Will My Credit Card Debts Outlive Me?

Credit card debt – and debt in general – is a normal way of life for many Americans. In fact, it is not unusual for some individuals to have more credit card debt than assets. This is a concern, not only because of the high interest rates that cr… Read More
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What is the Funeral Representative Designation Act?

In an attempt to help Michigan residents with making end-of-life decisions, the Michigan legislature enacted the Funeral Representative Designation Act (“the Act”), which went into effect on June 27, 2016. The Act allows you to choose a funeral r… Read More
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How Can I Ensure that My Pet is Taken Care of After I’m Gone?

Many Michigan residents have beloved pets that they consider to be members of their family. Especially for individuals who have no children or whose children have grown up and no longer live at home, pets can be a great source of comfort and affectio… Read More
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What is a Domestic Asset Protection Trust?

The Michigan Qualified Dispositions in Trusts Act of 2016 created a way for Michigan residents to protect their assets from creditors during their lifetimes. Previously, only a few states provided for the creation of an irrevocable trust, also called… Read More
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What is the Difference Between a Revocable Trust and Irrevocable Trust?

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… Read More
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How Do I Deal With Property Located Out of State in My Estate Plan?

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… Read More
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What is a Fiduciary and How Does It Relate to Estate Administration?

When you pass away, a fiduciary, whom you have usually chosen in your estate planning documents, is in charge of administering your estate, settling your debts, and distributing your assets to your heirs or beneficiaries. A fiduciary is most often an… Read More
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Long-Term Care in America

Long-term care is a popular topic these days, as the American population continues to age; the need for long-term care in America is greater than ever before, and only will grow over the next few decades. The costs of long-term care are simply astron… Read More
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Do I Have to Include Copyrights that I Own in My Will?

When you are engaging in estate planning and writing your will, you are likely to consider tangible assets first, such as real estate, vehicles, antiques, and bank accounts. However, it is equally important to consider the disposition of intangible i… Read More
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Can I Change the Beneficiary of My Will or Trust?

There are many life events or changes that may cause you to change the beneficiary of your will or trust. Some of these changes as positive; for instance, you might marry and want to make your new spouse the beneficiary of your will. On the other han… Read More
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