Novi area residents may hear the term “estate planning” and figure it’s something their grandparents find important. But estate planning is a dynamic plan that should be completed by everyone. Couples who have children may find it to be a good time to create an estate...
Year: 2020
Address digital assets in estate plan
Estate assets have typically included real estate, money, heirlooms, and financial accounts. But people now transact much of their business and lives online. Digital assets and passwords to important online accounts should be part of estate planning or assets may be...
Estate planning is more than just the drafting of a will
Creating an effective estate plan is more than having a will and other documents. Estate planning should also include communication with your family and other steps. Age and maturity After your children are over 18, you should consider their roles in handling your...
What should my estate plan include?
Michigan residents likely understand that they need an estate plan, but what that actually entails might not be clear. While many people think that they need to write a will and they have completed their estate plan, this is not the case. An estate plan not only...
Certain documents are the foundation of an estate plan
One reason people choose to put off making an estate plan is that they are not sure where to start. Admittedly, estate planning is a process that will vary, sometimes widely, depending on the person. However, there are certain basic documents that most Michiganders...