Who will carry on the values most important to you? Who will support your family if something happens to you sooner than you expected? Who will receive what, and should anyone know about that in advance? These are just a few of the questions to consider.
What You Need To Know About Possible Health Care Costs In Retirement
When thinking ahead about your retirement, most people start with a strategy designed to help replace a portion of their working life income. Unfortunately, this leaves out the possibility of high medical expenses, which can often increase in costs in old
Uncertainty Is a Big Problem for Estate Planning
If you pass away with no plan in place, your loved ones will face a lot of confusion and possible uncertainty. Knowing how to deal with uncertainty in the estate planning process is an important and yet difficult aspect of preparing for your own futur
More People Report Feeling Concern Over Planning for The Future
Do you have a plan for your future? How will you pay for retirement? What will your retirement look like? And do you have funds or plans if you need long term care support? All of these are important questions to answer. Many people put off planning t
Study Highlights 5 Biggest Financial Concerns of Americans Post Pandemic
A recent research study dove into what is most important and at the top of the priority list for Americans following two years of the pandemic. Most people are more aware of their financial needs and risks in light of all the changes that took place in th
What You Should Know About Michigan Intestate Succession
If you pass away without a will, Michigan's laws determine who receives your property based on established guidelines for intestate succession. Remember that many valuable assets that could be owned by you when you pass away do not necessarily pass throug
Why Is an Estate Planning Attorney a Good Choice?
If you have a basic idea of what you hope to accomplish with your estate planning documents, you might be tempted to create these documents on your own. However, you could make big mistakes that won't show up while you're still capable of making decisions
How Is Your Financial Plan Different from An Estate Plan?
As an adult, you need both a financial plan and an estate plan to help cover all of the different perspectives of your holistic life. Getting professional help with both an estate plan and a financial plan is strongly recommended so that you do not overlo
What Does It Mean to Say That a Trustee Must Follow Trust Terms?
Are you creating a trust in Michigan for managing your assets? If so, you need to spend some careful time thinking about the role of trustee. For any trustee who is installed in this important role, it is important that they be familiar with the trust
What Is an Advanced Directive?
When you're communicating with an estate planning lawyer, he or she might recommend several different strategies and documents to you. Not every estate planning strategy out there is one that you might necessarily need, but it can still be beneficial to c