You will accumulate assets that you have legal ownership over during your lifetime. Your name is on the title of your car, the deed to your home, and you—and perhaps your spouse—are the only ones who can access your bank...
A will doesn’t prevent your assets from passing through probate. Before we explain why, it is important to note that we are not trying to dissuade you from creating a will. They are precious estate planning tools. The...
Michigan has an anti-lapse statute. When you understand how these work in conjunction with estate planning, you can ensure your assets go to your intended beneficiaries. Additionally, you could prevent your estate from...
Estate planning is vitally important. Although we have said it before, it bears the need to be repeated: estate planning is a selfish act that you do for the benefit of those you leave behind. Without one, your family has the...
To better understand the beneficial power of attorney, you must first know what you lose by not having one. No one plans on being incapacitated or seriously injured. But if it happens, we have loved ones and family members to...