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March 2012 Archives

With complex families comes complex estate administration

Michigan residents may be aware of the challenges involved when a person inherits assets. For example, discussions of recent high-profile celebrity deaths often quickly turn to the question of who will raise the kids and get the millions. Most of these celebrities even had wills, but that does not necessarily prevent subsequent disputes over the content of those wills.

How can Michigan residents prepare for future health problems?

Previously on this blog, we discussed recent headway in Alzheimer's research that could result in improved medical treatment. And since the percentage of people in Michigan who are 65 or older is greater than the national average, many readers in the Detroit area who are doing estate planning may be interested in a more recent report by the Alzheimer's Association.

Estate planning in Michigan should include long-term care

In the case of America's population in general, and Michigan's especially, statistics show that people are living longer. Michigan's population percentage of people 65 and older is greater than the national average, according to the 2010 U.S. Census. What the statistics don't show is that not everyone is preparing for this new reality in their early-life estate planning.

Whitney Houston's estate plan a reminder for Michigan residents

Readers in Michigan have likely heard about the untimely death of Whitney Houston. While the death of the great pop star is certainly a tragedy, it has served as a reminder to everyone, young and old, of the importance of a well-crafted estate plan.

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