Estate plans are highly personal endeavors. Because each Michigan family is different, there may not be an exact day or month that is appropriate for the updating of an estate plan. However, many leading experts agree there are specific life or family events that require updates be made to estate plans. They also suggest a certain time of year that may be appropriate for many people.
Michigan families should include digital assets in a will
When people consider estate planning and ensuring the proper distribution of personal property, most may only think about physical property. However, digital assets are also part of many Michigan estates in current times. These issues can typically be addressed by specific provisions within a last will and testament.
Millennials must include end-of-life care in estate plan
There are a number of documents to consider as part of an estate plan and some of those documents relate to end-of-life care and health care decisions. While millennials may be just starting their own families or venturing out into the world, an estate plan is something all need to discuss with family members. Despite the benefit of youth, anyone any age in Michigan can find themselves in a situation where incredibly important and life-altering decisions need to be made and preparation can make those situations better for all involved.
A will challenge can occur for a number of reasons
A valid will is an essential part of any estate plan since it outlines how an individual's assets are to be distributed upon death. Even if it is executed in accordance with all applicable Michigan laws, that does not mean that it will not be challenged when the time comes. The dynamics of every family are unique, but there are still common threads behind every will challenge.
