Learn

Category Archives: Estate Planning

What is a holographic will?

This is a will that is handwritten by the testator (the person creating the will) and is not witnessed. Michigan is one of several states that recognizes and accepts holographic wills. For a holographic will to be recognized it must meet the following requirements; The holographic will must be dated The testator must sign the […]

Also posted in Beneficiary Designations | Tagged |

What is an Estate Plan?

Think of a game plan or making travel plans. Both involve organizing the details for a big event. Coaches create strategies and organize a team. Travelers arrange transportation and make itineraries and packing lists. Your estate plan details what will happen when you pass away. The plan spells out how your assets will be managed […]

Tagged , |

Who is your digital asset fiduciary?

  A fiduciary is a person appointed to manage the property of another person. A digital asset fiduciary can manage digital property like computer files, web domains and virtual currency.   Current law restricts fiduciary access to electronic communications such as email, text messages and social media accounts unless the original user consented in a will, trust or power […]

Also posted in Beneficiary Designations, Identity Theft | Tagged , , |

Legal Tune Up

One claim of a good lawyer is they don’t let their clients end up in court. With proper planning that claim is often true. Let me remind you of a few legal housekeeping tips, that if ignored, might lead to bigger problems only solved by a trip to the courthouse. Does your estate plan avoid […]

Also posted in Beneficiary Designations |

Pets as Property

Did you know that pets are legally classified as property? This is hard to imagine when we consider them companions, best friends and family. But as property there are legally enforceable documents that can help secure a pet’s future. This is worth consideration, as informal vows and promises made by friends and family to care for your […]

Tagged |

Planning for Social Security

One of the great mysteries of our 60’s is when to claim your social security benefit. The dilemma is whether to start at the earliest opportunity (62), wait until full retirement age (66) or delay until 70 to receive the maximum benefit. The question is compounded when we are married and have the option to […]

Also posted in Beneficiary Designations |

How Lady Bird Deeds Work

This deed, with a colorful name, is a very handy tool. A lady bird deed transfers lifetime interest in your property to you making you the life tenant.  The deed names a remainder beneficiary who has a future interest in your property upon your death. Your remainder beneficiary can include multiple people, trusts, or organizations. […]

Also posted in Real Estate |

Paying for Nursing Home Care

In order to qualify for Medicaid assistance with the expense of nursing home care you must have exhausted the majority of your assets. Your cash assets cannot exceed $2,000, but your homestead real estate equity is allowed up to $560,000. This discrepancy in allowances means that you can protect a significant portion of your assets […]


Planning for your elder care

Thinking ahead to your golden years is difficult because there are so many unknowns. Yet failure to give consideration to what’s ahead can result in the loss of assets, poor care and hardship for your spouse or other family members. You can express your wishes regarding the level of care you’d like, how you’ll pay […]

Also posted in Beneficiary Designations, Personal Protections |

Married Couples Dilemma: Who Gets the Kids?

For busy couples raising a family, taking time to consider ‘who gets the kids’ is the last thing on the to-do list. In fact, 65% of Americans have nothing in writing regarding the care of their children and distribution of assets upon their passing. Simply put, they do not have a will. If you have […]

Tagged , , |