Another family member is taking care of your aging parent, which can be cause for worry as well as relief for you. You might have the peace of mind knowing that another loved one is taking care of your parent, instead of him or her having to live in a nursing home. However, you could also worry that your mom or dad is not receiving the best care or that the caregiver is abusing her or him. The following information is important for you and other Michigan residents with parents who need care during their later years.
You have recently mourned the death of your last parent and now you are facing the task of making sure you execute your parents’ will according to their wishes. However, while going through their paperwork, you realize that your parents left two wills. Both appear at first glance to be valid, leaving you with some confusion as to which will is the one to go with. You worry that choosing one or the other could cause hard feelings within your family. This is an uncommon situation, but not one that is unknown for Michigan residents.
Wills are such important documents that it seems unlikely you could make one and then lose it or forget where it is. Yet it happens to many people. For example, they make a will, put it in a "secret" space in their home and move 10 years later, forgetting the will is there. Or they put it in furniture that is sold many years down the road.
Taking care of an aging parent is a difficult task. That task is monumentally more difficult, however, when your parent has a terminal illness and thus has a prognosis that tells you how long you might expect him or her to live. People often avoid questions around end-of-life matters when they are healthy because it can be so uncomfortable to think about death and the related planning that accompanies it. When parents are facing the end of their lives, they may be counting on you to help them make important decisions.
If you just found out you are no longer in a will, you probably feel crushed and devastated. Unfortunately, sometimes wills can have surprising contents. If you are facing unexpected exclusion from an inheritance, you may be wondering what you can do.
If you are creating a new estate plan or have an old one, there are certain facts you should be aware of. One that is not so common is what constitutes a change in an existing will.
When it comes to creating your will, you may feel tempted to take the “easy” route and find a template version online that you can fill out and be on your way. Nowadays, it is not difficult to find a do-it-yourself will, but given the importance and permanent nature of the document, is it really worth cutting corners?
As you get older in Michigan, you may need to rely more on others to continue enjoying your quality of life. This can make you susceptible to manipulation and undue influence.
Dogs, cats and other pets make your life more exciting and special. You likely consider them part of the family. Along with the emotional connection you have with your pet, the law considers him or her to be personal property, according to Forbes. Both of these are good reasons to include your pet in your estate plan. Your will or trust can secure a stable and loving future for your beloved pet.
Writing a will may not be a fun priority. However, far too many Americans are neglecting to create this vital document. In a 2017 report by Fox Business, reports found that more than half of adults in the United States did not have a will.