Estate Planning

Michigan families need estate plan for digital assets

Estate plans essentially outline the fate of one’s personal belongings and other assets, such as bank accounts and investments. As technology continues to grow by leaps and bounds, it is becoming more important to think outside of the box when it comes to estate planning. Simply put, it is about

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Important factors for an estate plan in Michigan

The general topic of estate planning may be difficult for some to bring up or think much about. However, anyone who has any kind of assets may benefit from learning more about the process and what it entails, especially the important decisions that must be made. Anyone in Michigan who

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Michigan residents may want to include pets in estate plan

When people sit down to decide what will become of their assets, they may think about bank accounts, homes, collectibles or even the fate of a family business. Many people already know that formulating a comprehensive estate plan is vital if there are kids involved. However, people in Michigan may

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Reasons Michigan residents should prepare a will

People tend to put off anything related to estate planning, as it isn’t a subject many younger people like to think about. Anyone in Michigan over the age of 18, especially anyone with children, may benefit by preparing and executing a will. Those over 18 may also gain by looking

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Paul Walker’s estate plan protects daughter

The recent death of movie star Paul Walker highlighted the fact that tragedy can strike anyone at any time. The accident has also turned out to be a lesson in the importance of having an estate plan at any age. Walker’s estate plan, in particular, ensured his only child would

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Steps to take during estate planning

Estate planning is a very important step to take to make sure your wishes are known and followed through after you have passed away. Creating an estate plan has many benefits, but many people fail to create an estate plan before it’s too late.  Having an estate plan can make

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Same-sex couples and estate planning

For same-sex couples there have been a lot of changes over the last few months. With the United States Supreme Court’s ruling on the Defense of Marriage Act many of the former challenges for same-sex couples have been removed. Michigan residents may be interested to know that under this new

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Michigan college students need an estate plan

Many older Americans know that they need to prepare for their death. They need to have a series of estate planning documents in place to deal with their affairs in case of a medical emergency or their passing. These documents — including a power of attorney, health proxy and will

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Estate planning and income taxes

The unfortunate reality of life is that no one lives forever. At some point, everyone passes. It is important for Michigan residents to plan for their passing by creating an estate plan. An estate plan can help determine how a person’s assets are going to be distributed following their death.

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Tips on how to ride the estate tax roller coaster

The season for changing estate tax exemptions is upon us. Only four months ago, a so-called “permanent” exemption was created for estates of $5 million or less. However, because there was nothing in the national budget proposal that said Congress couldn’t change the exemption in the future, the “permanent” limit

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Andy Griffith home, not preserved in will, to be demolished

When you have significant assets and the desire to preserve a legacy, you sometimes need a few brainstorming sessions to cover all of the bases. It is also important for Oakland County residents to draft estate planning documents to ensure that your wishes are carried out; otherwise, unexpected decisions may

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