Should Digital Assets Be Part of Your Estate Plan?
Today, most of us use computers, phones, and tablets to send messages, check in with friends, carry out important financial transactions, watch TV and listen to music, and even to conduct business. Case in point? Odds are very good that you’re reading this post on a smartphone, tablet, or computer screen right now! The more […]
What Is a No-Contest Clause In a Will or Trust?
Will and trust contests can often cause estate administration to drag on — while pitting family members against each other. To minimize the likelihood of contests during probate, one action that you may take as part of your estate plan is to add a “no-contest clause” to your will and/or trust. Also known as a […]
What Is a Testamentary Trust?
When you’re gone, your most important assets will remain — and they will be reallocated. Estate planning is a process that keeps you in control of the most important things in your life. Depending on the specifics of your circumstances, there are numerous estate planning mechanisms and tools to discuss with your estate planning attorney, […]
7 Common Estate Planning Mistakes (and How to Avoid Them)
Estate planning is one of the most powerful and important steps you can take to prepare for the future — and it’s crucial to make sure that no critical step gets overlooked, forgotten, or misplaced along the way. Unfortunately, many people end up committing one or mistakes or mishaps during the estate planning process, which […]
Updating Your Estate Plan After a Divorce
Whatever stage of life’s journey you may currently be facing, estate planning is one of the most important ways to prepare for whatever the future may hold. An estate plan can empower you to keep control of your most important assets, and have a say in the matters that will directly impact you and the […]
What Is a Pour-Over Will?
Over the course of a lifetime, we acquire assets. When we pass on, those assets remain and they will be reallocated. The question is — will you have a say in the matter? Estate planning is a process that gives you a say, and there are many important tools and mechanisms to consider with your […]
Organizing and Safeguarding Your Estate Plan
Estate planning is one of the most important steps you can take to prepare for the future and protect your family, even when you’re gone. This process involves using a variety of tools — including wills, trusts, and powers of attorney — to help ensure that you can maintain control even when you are unable […]
How to Provide for Someone With Special Needs as Part of Your Estate Plan
If you are the parent or sibling of a loved one with special needs, you know the importance of making sure they’re protected and able to enjoy the best possible quality of life. These crucial and meaningful goals should also be considered as part of your estate plan. A writing from the Special Needs Alliance […]
When to Consider Choosing a Professional Fiduciary
Setting up your estate plan isn’t always a pleasant thing to think about; however, it’s a very important step to take when you have the opportunity. Often, taking time to plan for what will happen to the people who matter most and the assets you’ve spent a lifetime acquiring will include considering who you will […]
Can You Disinherit an Adult Child In Michigan?
When you pass away, what will happen to the assets you’ve spent a lifetime acquiring? Developing an estate plan is a process that keeps you in control if you become incapacitated, and even when you’re gone. For some people, this may mean taking action to deliberately exclude or disinherit certain individuals from their wills or […]
