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Asset Protection, Estate Planning, Wills and Trusts
July 31, 2023

Estate planning is a crucial aspect of managing one's assets and ensuring that their loved ones are well taken care of in the future. While many people are familiar with wills as a primary estate planning tool, revocable trusts have gained popularity for their versatility and added benefits. A trust offers several advantages that can help individuals maintain control over their assets, minimize probate complexities, protect privacy, and provide flexibility during their lifetime. In this blog, we will explore the...

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Asset Protection, Estate Planning, Wills and Trusts
July 26, 2023

 While wills serve a popular tool in estate planning, it is vital to recognize their limitations. Relying solely on a will can lead to probate delays, limited control over asset distribution, and neglecting crucial elements like incapacity planning. By considering alternative strategies, such as revocable living trusts, powers of attorney, and beneficiary designations, you can enhance the effectiveness of your estate plan, maintain privacy, and provide your loved ones with a smoother transition and greater protection of their inheritance. Consulting...

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Uncategorized
June 15, 2023

As we age, it becomes crucial to not only plan for our future but also protect ourselves from potential risks and vulnerabilities. Elder abuse is a distressing issue that affects numerous seniors worldwide, emphasizing the need for awareness, prevention, and proactive measures. Here, we will discuss how estate planning can serve as a powerful tool to safeguard against elder abuse, ensuring that your wishes are respected and your legacy remains intact. Understanding Elder Abuse: Elder abuse encompasses various forms of mistreatment,...

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Uncategorized
May 5, 2023

For many people, pets are not just animals but members of their family, and we want the best for our furry companions, even when we are no longer around. That is where estate planning for pets comes in. In Michigan, just like in many other states, you can make provisions for your pets in your estate plan. In this blog post, we will explore estate planning for pets in Michigan and what you need to know to ensure your pets...

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Estate Administration, Estate Planning
February 13, 2023

Losing a loved one can be a challenging time. It can quickly become difficult or frustrating without a plan of action or an idea of where to begin. There are a few initial steps you can take after the death of a loved one to try to make this process a little less overwhelming. The first step is to do those things that are time sensitive. This would include notifying family members and close friends of your loved one’s passing. It...

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Asset Protection, Estate Administration, Estate Planning
October 21, 2022

An estate plan often focuses on property such as financial accounts, jewelry, real estate, and vehicles. However, in this age of technology, it is important to remember to include your digital assets. Planning for your digital assets can help ensure they pass to your loved ones, instead of getting lost in the cloud simply because no one knew about them. Also, by including them in your plan, you can better secure your information and prevent identity thefts. Your digital legacy...

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Estate Planning, Health Care, Powers of Attorney
September 21, 2022

In honor of World Alzheimer’s Day, we would like to share some history and spread awareness on this important topic. Alzheimer’s is a disease that affects many people, including those who have the disease and their loved ones.  Alzheimer’s is a form of dementia which negatively affects memory and the ability to function daily. The disease itself was named after the German psychiatrist, Alois Alzheimer, who first identified it while treating a patient in 1901. Later in 1984, Alzheimer Disease International...

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Estate Planning
July 22, 2022

When choosing how to divide up your estate, a seemingly simple choice may be to distribute your children’s inheritances evenly. But what happens when life hits your family unexpectedly? You may wish to give one child a larger inheritance than others, or you may wish to cut out a child all together. There can be situations in life where leaving unequal amounts to your loved ones is better suited for your family.   Doing what is “fair” does not have to...

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Asset Protection, Estate Planning
May 24, 2022

 A scavenger hunt is a fun game for children to play, searching for a list of various items, like toys or treats. As an adult, it is less enjoyable to participate in a scavenger hunt, especially when you are searching for asset information. As hard as we may try to keep our lives organized, it can be a challenge to keep all our belongings in one place. With the help of an estate planning professional, you can help your loved...

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Asset Protection, Estate Planning
May 4, 2022

Without proper funding, your estate plan won’t work. Why is that? Funding is retitling your assets or updating your named beneficiaries to achieve your intended result. If you have a living trust, that could mean you and your loved ones experience less burdens, your assets are distributed according to your wishes, and your estate avoids the probate process.   Changing the title on assets such as bank or investment accounts to your trust as the owner, can make it easier during...

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