Estate planning takes on many different forms depending on the individual needs of the person. Each person can have different estate planning goals and desires when it comes to how they want their assets distributed following their death. Thankfully, there are many...
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Month: April 2016
Planning for digital assets in estate planning
As most Michigan residents realize, the Internet has become an important part of many people's lives. Through the Internet, individuals gain digital assets that they use in their everyday lives. These include social media accounts, email, online bill pays and other...
Michigan law handles the distribution of digital assets
Michigan residents are living in the digital age. People do not just have assets in their homes or businesses anymore. In fact, people have a whole slew of digital assets that are very important to them. While people may not think of their social media accounts as...
What is a Qualified Personal Residence Trust?
There are many ways for Michigan families to plan their estates. The specific estate planning tools that are necessary for a particular family will depend on the facts in each case. It is important for families in Michigan to understand all of their options when it...
Using trusts to lower estate taxes
When people think about their lives, they may think about their relationships and the people they love. For many people, thinking about their wealth is not the first thing that comes to mind when they think about leaving this world. While thinking about one's own...