» Estate Planning

Making Long-term Plans for Family Members with Special Needs in Ann Arbor

With each passing election season, the conversations about the cost of government-provided health care and Social Security get more urgent. But debates about the deserving and the undeserving and the proper level of budgets and taxes tend to gloss ov… Read More
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Ann Arbor Legal Alert: Law Change May Affect Your Financial Power of Attorney

    A recent, important change in Michigan law impacts your financial power of attorney. The new Michigan statute related to financial powers of attorney went into effect October 1, 2012, and may cause you serious challenges in us… Read More
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Ann Arbor Blended Families - Don’t Let Your Blended Family Become Bitter After You’re Gone

I noticed during a morning news show that September 16th was National Step-Family Day.  At first I chuckled at how many “awareness days” seem to be popping up.  Then, as an expert began to speak about blended families, I realized how in… Read More
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Adding Adult Children to Ann Arbor Bank Accounts - Simple Solution or Devastating Consequences? (Part 2 of 2)

In our previous blog, we discussed why adding your child to your bank account can have dangerous consequences, such as losing your entire account in the event your child is sued, has a creditor, or gets divorced.  In this blog we discuss the pro… Read More
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Adding Adult Children to Ann Arbor Bank Accounts - Simple Solution or Devastating Consequences? (Part 1 of 2)

                At Legacy Law Center, we frequently meet with clients who are sure that they don’t need to retitle their checking or other accounts to the name of their… Read More
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Why Should I Name My Trust as Beneficiary of My Retirement Account

An essential part of establishing and maintaining a trust is funding, the process by which your assets are moved into your trust.  Some assets need to be re-registered into your trust name, while others should have the beneficiary changed to nam… Read More
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