You are about to get married or have just been married. Would you like your fiancé or new spouse to be able to make decisions for you if you became mentally incapacitated as a result of an accident or injury? …
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Elder Financial Abuse
According to the experts, financial abuse of the elderly is rising, even to epidemic proportions. When you hear of elder financial abuse, you may think of unscrupulous home improvement contractors, phony investment schemes or internet scams. However, it is reported …
Do You Need To Update EP
You may have a will, financial and health care powers of attorney and also maybe a trust. You may be wondering how often your estate planning documents should be updated. Or you may question whether your existing estate planning documents …
Making a Graceful Exit
When we come in to this world, we come in with nothing, not even clothes on our backs. However, when we leave this world, we usually have a lot more stuff. If you are like 70% of Americans, you have …
Estate Planning for Out of State
You are a Michigan resident, but you do not spend all year in Michigan. You may spend part of the year in another state, such as Florida or Arizona. You may even own a mobile home, condominium or house in …
Essential Estate Planning Documents
You may think of estate planning as only death planning. However, estate planning also includes lifetime planning in the event of your mental incapacity. If you are like most people I have encountered, you would rather have your loved ones …
Indecision No Excuse for Not Planning
If you are like 70% of adults in Michigan, you have done no estate planning. You have not prepared a will, trust or financial or health care powers of attorney. The big question is: Why not? One reason you may …
To Fund or Not to Fund, That is the Question
I regularly get questions from readers regarding the subject matter of this column. I welcome these questions. Oftentimes I am not available to take a call or the question would take more time to answer than I had at that …
Even Estates of the Rich & Famous Can Crash & Burn
If you are like most people, statistically 70%, you have done no estate planning. If that is the case, you are in good(bad) company. There are many others that also have not planned. You would think that attorneys, trained legal …
How to Leave an Inheritance to your Spouse
Are you married? Did you plan on leaving anything to your spouse when you are gone? If so, you have lots of options. There are many ways to leave an inheritance to your spouse. If your spouse is going to …