Many people put off estate planning, thinking that they are too young to think about such things. But whether you are in your 20s, 30s, 40s or 50s, it is never too early to consider what to put in your last will and testament. It is important to consider how you want your property and assets to be dealt with and what heirs will receive them.
Helping you craft the will that is right for you and your needs
For most Michigan residents, thinking about the future often means thinking about what you might be doing in a year. What trips you might go on, what events you might go to and who you might see. One does not often enjoy thinking too far in the future because that often requires them to think about potential negative or unfortunate events. While no one likes to think about their death or incapacitation, the truth it that this is not just the concern of the elderly.
What types of trusts can go in an estate plan?
Many people need more than a simple will in their estate plans. These people often choose to create a trust to protect their family's assets. There are many types of trusts available, each with different purposes.
Common mistakes during end-of-life planning
It's important to get the details right when planning your estate, for the simple reason that you won't be able to fix them yourself after the fact. This post will focus on six common mistakes and how to avoid them.
