Any of our Michigan readers who are familiar with previous posts know that sometimes estate planning can be complicated. When the idea of trusts is thrown in, many probably think that things are getting really complicated.
What exactly should be considered in an estate planning strategy?
Our Michigan readers have seen in plenty of our previous posts how having the right estate plan can lead to smooth transfers of assets and personal property, and how bad estate planning can lead to litigation and family strife amongst relatives. However, many of our readers may still wonder, what exactly does a comprehensive estate plan consist of?
Do you think of digital assets when it comes to estate planning?
It is a topic that is becoming more frequently discussed in the course of drawing up an estate plan: digital assets. What are digital assets? Well, that would be all of the things you keep on your computer, be it a home desktop or personal laptop. Pictures, videos, music and personal files, all of these can be considered digital assets. Beyond these, you may have an entire online persona that is password protected, including everything from an email account to a Facebook page. When a Michigan resident approaches estate planning, they should not forget to answer the question: what do I want to happen to all of this?
Gay couple becomes embroiled in estate administration controversy
With the advances in reproductive technology showing up at a fast and furious pace, the law has struggled to keep up. Today's modern family can look very different than most did in the 1950's, especially with more states protecting the rights of gay couples to adopt children or raise children as a married couple. The family law courts are where most people see the clash between modern day family structure, reproductive technology and the law, but a recent story shows how alternative family arrangements can stretch over into the realm of estate administration.
