Our regularly updated blog provides important information about estate planning in Michigan. Learn about key estate planning documents, as well as the special estate planning needs of blended families, singles, parents of special needs children, and unmarried couples in committed long-term relationships.
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Surprise Estate Donation for Michigan LibraryJames and Mary Jean Foye have gifted $923,000 of their estate to the library as part of their estate planning. Michigan Estate Plans.
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Discussing Estate Planning with ParentsTalking with your parents about their estate plans can be difficult. While this topic may be uncomfortable, this necessary conversation can be the beginning of creating a plan which will give them peace of mind about the future and honor their wishes. Here is some information about discussing estate planning with parents: Parent-child relationships can... Read More »
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Selecting a Personal Representative for your EstateAn estate often consists of everything a person has worked their entire lives to build. Therefore, planning for your estate is no small matter. In making plans for your estate, you will no doubt want the peace of mind that comes with knowing that all you have worked for will be distributed according to your... Read More »
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A Restaurant Where Grandma is ChefOne New York restaurant is attempting to recreate that family feeling by employing only grandmas as its chefs. Michigan Elder Law Attorney.
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Reasons to Set up a TrustWhen thinking about how to develop an estate plan you have probably considered devising a will which directs where your assets will go and states your final wishes concerning your estate and arrangements. Another estate planning device which could be of significant benefit to you is a trust. There are several different kinds of trusts... Read More »
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Undue Influence and its Impact on Estate PlanningAn unpleasant reality is there are some people in this world who are willing to manipulate other people for their own gain. These same individuals usually do not have qualms about exerting their influence over someone who is vulnerable in order to secure a financial benefit. Sadly, the vulnerable person may fall victim to this... Read More »
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How to Pick the Right Executor of Your WillA big part of estate planning is choosing the executor of your will. This person will be responsible for administering your estate after your death. The person you choose for this job should be trustworthy and dependable. Here are few tips for choosing the right executor for your will. Keep Family in Mind It... Read More »
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Social Security Survivor BenefitsThe loss of a financial provider to a family can be a catastrophic event. Not only is the surviving spouse left to cope with the emotional pain of the death of their loved one, but they must also determine how they will meet their financial needs. This becomes even more challenging when that spouse is... Read More »
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Social Security and Your Retirement PlansThinking about retirement can bring to mind thoughts of travel, spending time with loved ones, and devoting yourself to your favorite pastimes. For many people, their Social Security benefit will be an important piece of funding their future. Here are some considerations about Social Security and your retirement plans. Full Retirement Age If you have... Read More »
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What Happens if I die Without a Will or Trust?The loss of a loved one can be an extremely stressful and emotionally turbulent time. Initially, the grieving family has to make several decisions regarding final arrangements. Then, family members are then left to determine how their loved one left their estate. When there is a will or trust, it is far easier for the... Read More »
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Estate Planning and DIY ProductsThe average consumer has many options when it comes to managing their day-to-day affairs. Today’s market seems to be flooded with do-it-yourself products aimed at that very thing. Estate planning is one area where there are products directed at consumers who want to prepare their estate plan (Will, Trust, Power of Attorney, Medical Directives) without... Read More »
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Imagining Your Own Retirement UtopiaJoseph Coughlin, director of MIT Agelab, a “multidisciplinary research program that works with business, government, and NGOs to improve the quality of life of older people and those who care for them,” has created an imaginative, interactive map of his vision for the future of retirement living. With spaces for “drone delivery,” intergenerational learning centers, and... Read More »