When people think about estate planning, they may automatically assume it is a concern for those who are of a certain age and lot in life. However, there is never an age that is too young to think about an estate plan and ensure that the process is handled correctly. Anyone, especially those in their 30s in Michigan, who owns a home, has a family or has any kind of assets should act to protect themselves and their loved ones.
When it comes time to think about how to handle the estate-planning process, there may be more than meets the eye. Each person's estate plan can be vastly different than another person's. Anyone in Michigan who is in the beginning stages of the estate plan process may want to be clear about the differences between documents and the facts about which document may be best for which situation.
A lot of people in Michigan have prepared a plan for what they would like to see happen when they die. Maybe, with the help of an attorney, they have prepared a will or set up a trust. Maybe they have assigned beneficiaries for bank accounts or written a living will. Whatever it is, people usually have some sort of estate plan in place. While this estate planning is essential to make things easier on people's loved ones, people should not just create their estate plan and forget about it.
You don't need to have a massive fortune on the scale of Bill Gates or Warren Buffet to benefit your retirement while planning for the future of your estate. For Michiganders thinking about retirement, most likely the kids have grown and you are decades away from end of life issues and using a few smart estate planning strategies at retirement can not only solidify your retirement plans but also help your loved ones well into the future.
A Los Angeles Superior Court Judge will decide who will control Zsa Zsa Gabor's estate finances and medical care decisions. Last week Ms. Gabor's only daughter, Constance Francesca Gabor Hilton, filed a petition with the court to request a court controlled conservatorship of her mother's estate. A conservator is someone appointed by the court to have either partial or full control of making any financial or medical care decisions on behalf of a minor child or adult.