Category Archives: Estate Planning
Estate Planning 101
Estate planning is planning for your assets in advance of your death.
Tagged Assets, Medical Directive, Power of Attorney, Trusts, Wills
What is probate?
court supervised distribution of a deceased person’s assets
Tagged Estate Planning, Probate, Probate Court, Wills
Revoking Your Power of Attorney
After you make a power of attorney, you can revoke it at any time. There are a variety of situations that would require you to do so. For example, the person named in your power of attorney is no longer able to serve. Your name has changed because of marriage or divorce. You lost the document […]
Also posted in Personal Protection
What is a medical directive?
Medical authorities will ask if you have an medical directive and honor your wishes if you do.
Age Related Legal Needs
Every client’s legal needs are personal and unique. Yet over time we see predictable trends based on a person’s age. Here are some of the common legal matters we handle listed by age. Ages 18-34 Home or condo purchase agreements, title work, land contracts, landlord negotiations, credit card debt and debt collection defense, bankruptcy, employment contracts. […]
Also posted in Bankruptcy, Business, Elder Law, Identity Theft, Limited Liability Companies, Real Estate
Emily’s Story
“Doug and I created our first estate plan when our daughter was born. We are opposites when it comes to finances; I’m a spender and he’s a saver. However, the one thing we always agree upon is having a blueprint for our finances and children. As our family grew, so did our expenditures and assets. For us, it just made sense […]
Tagged Guardianship
What is a holographic will?
This is a will that is handwritten by the testator (the person creating the will) and is not witnessed. Michigan is one of several states that recognizes and accepts holographic wills. For a holographic will to be recognized it must meet the following requirements; The holographic will must be dated The testator must sign the […]
Also posted in Beneficiary Designations
Tagged Holographic Wills
What is an Estate Plan?
Think of a game plan or making travel plans. Both involve organizing the details for a big event. Coaches create strategies and organize a team. Travelers arrange transportation and make itineraries and packing lists. Your estate plan details what will happen when you pass away. The plan spells out how your assets will be managed […]
Tagged Estate Plan Documents, Estate Planning
Who is your digital asset fiduciary?
A fiduciary is a person appointed to manage the property of another person. A digital asset fiduciary can manage digital property like computer files, web domains and virtual currency. Current law restricts fiduciary access to electronic communications such as email, text messages and social media accounts unless the original user consented in a will, trust or power […]
Also posted in Beneficiary Designations, Identity Theft
Tagged Digital Assets, Estate Planning, Fiduciary
