An estate plan is more than a will, a trust, or a fancy binder full of papers. It’s more than a free dinner and a slick presentation. It’s the vital first step in helping ensure that your loved ones are provided for in the event of the unexpected, and it’s serious...

Consider this scenario: You hire an attorney to draft a revocable living trust in order to shield your assets from probate. After collecting the relevant information your attorney drafts a well-crafted revocable living trust, along with a pour-over will. After...

Another important aspect of estate planning is using that plan creates a legacy by benefiting charitable organizations and educational institutions. High wealth clients can reap significant tax benefits from setting up charitable lead trusts or charitable remainder...

While not exactly the most romantic part of getting married, a prenuptial agreement may well be the most important part of getting married, especially for those with children who are remarrying after divorce or death of a spouse. A prenuptial agreement, coupled with...

Most people would rather put off the topic—and the task—of estate planning for another day...or another year. They say things like: “I don’t want to spend the money right now.” “It’s just easier not to think about it.” “It’ll take care of itself.” “It won’t be my...

When you don’t plan ahead by having a comprehensive estate plan, state law governs:  The Court appoints a guardian for you if you are incapacitated. Doctors and the Court make medical decisions for you if you are incapacitated. The Court appoints your personal...

A common question that comes up whenever I present an estate planning seminar goes something like this: “Why do I need an estate plan, anyway? All I have is a few IRAs and my house. What’s the big deal?” The answer to this question goes to the heart of how we want to...

How often you should have your estate plan reviewed depends largely on where you are in life: In your 30s and 40s, every three to five years. In your 50s and 60s, every two to three years. In your 70s, every one to two years. In your 80s and beyond, every year. There...

Do you really need to have an estate plan? If your answer to any of these questions is "yes," you need to take the time to plan for your future and that of your family: Do you want to determine who will represent your interests after you’re gone? Do you want to decide...

A proper estate plan must include at least these five documents.  Will—A will explains how you want your property to be distributed at the time of your passing and who should handle that distribution. In Michigan (and other states), a will must be filed with the local...