Why You Still Need an Estate Plan

Many people believe that estate planning is only for the ultra-wealthy, a belief that has been exacerbated over the past several years with a markedly increased unified estate and gift tax credit ($5.45 million per individual in 2016). While it’s true that estate and gift tax planning was a common reason for estate planning within recent years, the belief that it is the only or most important reason is a common misconception. Read More

A Change in the Law: Funeral Representatives

As of June 27, 2016, Michigan law allows you to formally identify a Funeral Representative who has the authority to make your final arrangements regarding your funeral, memorial service, cremation and/or burial. The Funeral Representative also has the right to possess – or make decisions about who may possess – your cremated remains. You can designate your Funeral Representative in your will, in your power of attorney, or in a separate writing that is notarized and/or witnessed by two persons. Read More

Selecting Your Fiduciary

When formulating estate plans, most people carefully consider to whom they should give their “stuff.” Who gets the piano? The book collection? The emerald ring and the antique pocket watch? But the process of choosing fiduciaries – the trustees, personal representatives, and agents – is handled as if bestowing an award upon them rather than interviewing them for a job. Read More

Planning For Yourself: Personal Care and More

When considering estate planning or planning for care, both individuals and couples are well-served to consider their own long term care needs and the associated expenses. While everyone’s situation and planning needs are unique, there are some common concerns that tend to arise for individuals or couples who do not have children. Read More

Qualifying for Medicaid

Have you considered how you or an aging loved one will pay for the ever increasing future costs of healthcare? While the question may be worrisome, it doesn’t have to be – multiple strategies can be combined to devise a plan that makes sense for your individual needs in light of all of the Medicaid rules. Read More

The Estate Plan Checkup You Need After a Divorce

Are you recently divorced? Among all of the changes and logistics that accompany divorce, from legal battles and paperwork to adjusting to a life without your former spouse and the emotions that may come with it, it’s common to forget one of the most important post-divorce practices: updating your estate plan. Read More