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September 2019 Archives

Helping you draft a will that meets your needs

For some, thinking about the future comes natural to them. They have certain hopes and desires, and they want to takes steps to ensure that these fall into place and are protected. In contrast, some individuals in Michigan and elsewhere do not like thinking too far into the future, especially if it means thinking about their demise. Because death is a part of life, it is often something one needs to consider, even at a young age. This is why drafting a will can be a very important step to take, as it can memorialize one's wishes in writing when it comes to their property and assets and what will happen to them after their death.

How do durable powers of attorney work?

It is important to know about Michigan estate documents that can help a resident when they are unable to make decisions and deal with their needs. Some of these cover health and medical matters, while others deal with financial issues. In a durable power of attorney, a person may grant powers to a trusted agent to handle their financial affairs.

Flexibility and trusts

Changes to the federal tax laws in 2017 increased estate exemption amounts and provided other benefits for a trust. But, this law is complex and may expire in 2025, if not earlier. Because of this unpredictability, trusts may need more flexibility.

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