If you have a loved one who has suggested that they’d like you to be a fiduciary for their estate, what that means is that they may want to add you as the executor, as the trustee of a trust or to assign you as a power of attorney. As a fiduciary, you’ll be...
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Month: December 2020
Possible topics to keep in mind when choosing an executor
As you work toward creating a plan to safeguard your future interests, there is a chance you may encounter a variety of essential topics to address and difficult decisions to make. One such topic could pertain to choosing an executor to act on your behalf and carry...
Why do you need a financial power of attorney?
One of the critical aspects of your estate plan is having a financial power of attorney set up. This is the individual who will pay your bills and handle other financial matters if you’re unable to do so yourself. There are many factors that you should consider when...
Wondering if you have a case for probate litigation?
After losing a loved one, you hope that you can get through Michigan’s estate administration process as quickly and pain-free as possible. Unfortunately, for many, things don’t work out that way. There are reasons to delay administration in order to resolve certain...
Setting up your long-term care plan manners
Long-term care planning is about more than making sure you have the support you need when you age. Perhaps more importantly, it’s about protecting the people who are going to care for you the majority of the time: your family. Did you know that around 70% of retirees...
Michigan estate administration: Gaining access to digital assets
Closing out a loved one’s estate takes time, especially if he or she failed to grant anyone access to certain assets. Digital assets, in particular, can be troublesome to deal with during the estate administration process, whether it is completed in Michigan or...
Be thorough when you set up your power of attorney documents
As you start working on your estate plan, something you may want to add is a power of attorney. If you name someone as a power of attorney, then they will have certain rights and responsibilities when you are no longer able to care for yourself. The POA documents let...