Will and estate lawyers are becoming intimately aware of their clients’ financial situations, and it’s just a fact of life that many people have considerable debt. Whether it is the person setting up an estate plan or one who has inherited from it, there are often questions regarding what happens to that debt. Does money come out of the estate for medical bills? Are adult children responsible for credit cards? What happens to the mortgage?View Post
Month: May 2015
Three Grandville Estate Planning Myths: True or False
Estate planning lawyers eat, sleep, and breathe estate planning and see pretty much every kind of situation unfold. Clearly, individuals who have taken the time to create a solid estate plan nearly always fare better than those who do not. Still, there are a whole lot of myths and misunderstandings floating around that stop people from making the choice to protect their futures with an estate planning lawyer’s assistance.View Post
Business Planning Attorneys in Michigan Recommend Living Trusts
Michigan business attorneys see again and again how folks underappreciate just what they can do to protect their businesses through estate planning. After spending years building a solid business, it should almost go without saying that you want to protect what you’ve created. One way to do this is to create a living trust.View Post
7 Signs that It’s Time to Update Your Estate Plan
So, you and your estate planning lawyer have put together a great plan for you. Congratulations! You are ahead of the majority of the population already. Keep in mind, however, that even though the hard part is done, there is some maintenance that you and your attorney will want to do from time to time. Your life and circumstances will likely change over the years, and you’ll want your estate plan to change accordingly.View Post
