How Do I Know When to Invoke A POA?
A power of attorney is an authority given to another person to act on behalf of an individual usually called a principal. The agreement is made into a legal document guiding the relationship between the attorney and the principal. There are four types namely: general power of attorney; durable power of attorney; special or limited… Read more
The Most Important Reasons for Estate Planning
No one wants to think about what is going to happen after they pass away while they are still living, however, there really is not any better time like the present. Most the important decision you need to make are designed to make things easier for your loved ones after you have passed away and… Read more
Estate Planning: Is It Important to Talk to Your Children About Your End of Life Plan?
Estate planning is a vital part of creating a plan of action for your untimely passing or inability to care for yourself. Creating a will and/or a trust is not good enough when it comes to preparing for your future. Instead, creating an estate plan allows you to plan for and organize your assets while… Read more
The Importance of Hiring an Attorney When Creating an Estate Plan
When creating an estate plan, it is better to hire a professional than attempt to DIY. Although many people think they can write their own wills, the truth is, they’ll most likely leave our vital information, this voiding that which would have been useful when they’re gone. Enlisting the help of estate planning lawyers ensures… Read more
What Happens If You Pass Away Without A Plan in Place?
No one likes to consider their mortality which often leads to the issue of individuals passing away without putting into place an estate plan, will, trust, or other legal documentation to distribute their assets. Many times, people assume that they are too young to need an estate plan in place, that their assets are not… Read more
5 Essential Estate Planning Tips
Many individuals think that estate planning is only for the elderly; something to consider only after you have hit the golden years of retirement. However, the truth of the matter is that an estate plan is something that should be in place no matter what stage of life you are in. It doesn’t matter if… Read more
Five Common Mistakes Made In Estate Planning
As a society we tend to put discussions on topics we deem uncomfortable on the back burner often times until its too late. This is often that case when people become unable to take care of themselves sooner than imagined or die unexpectedly. The topic of death or not being able to take care of… Read more
The Basics of Michigan Estate Planning
When you are alive and happily leading your life, you don’t have any concerns about what might happen to your assets if you are not there to own them. This isn’t carelessness, this is an oversight that can be avoided. Estate planning is what mitigates all the feuds between your beneficiaries and everything bad that… Read more
Common Estate Planning Myths
We have all seen it on TV or heard about a well-to-do individual who unexpectedly dies without leaving a valid will, trust, or estate plan consequently leaving the court to dictate how the deceased’s assets are distributed to his or her living heirs. When individuals pass away without leaving an official will, their property or… Read more
An Estate Plan Is Needed Even If You Do Not Have Children
Individuals with children usually create an estate plan as the result of advice from financial advisor and estate attorney. This is due to a sense of urgency and need to ensure there is a laid down plan to cater for the needs of their children in the event of an untimely demise. On the other… Read more