When a person dies, their widow or widower is focused on resolving their estate and dealing with legal filings. However, surviving spouses must engage in estate planning for themselves and update their documents and plans.The spouse must review their wills and trust...
Michigan Legal Leaders Providing Personal Attention
Month: September 2018
Since you’ve been gone: what lies ahead for Aretha’s estate
Last month, the world lost one of history's most prolific soul singers. When Aretha Franklin passed away, she left behind a rich legacy of transformative music and social activism. The 18-time Grammy Award winner also left behind considerable assets--and with them,...
Estate planning goes beyond wills
Estate planning has many components. Other estate matters musts be addressed even after wills are drafted. In addition to a will, assets can also be left to relatives through IRAs, life insurance policies and annuities. Transfer of assets through these accounts...
Charities as heirs
Leaving an inheritance to a favorite charity is a good intention. Like other nice intentions, however, it does not always work out. Allocating money to a charity in wills or trusts is a common estate planning mistake. Designating a charity as an heir or beneficiary in...