A new movement is making headway with seniors today. Record numbers of Baby Boomers are participating in triathlons, traveling the globe, starting their own companies from scratch, creating new social circles and in general being much more active than their own parents and grandparents. But that’s not all these seniors are doing. The Demand Institute surveyed over 4000 Baby Boomer households (50-69 year olds), and found an interesting pattern emerging.View Post
It seems that nearly everyone is paying attention to the lives of the British royal family, and now estate planning lawyers have their interest piqued, too. In September, Prince Harry—Princess Diana’s youngest son—turned 30. With his birthday came access to the rest of his inheritance from his late mother. It’s not his birthday that is of such interest, but the fact that Princess Diana had clearly expressed her desire that he receive her assets five years ago.View Post
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
As our lives become increasingly digital, more and more of the assets we accumulate are based in technology or created online.
Estate attorneys in Grand Rapids have the important job of educating their clients on how to handle “digital assets” in the event of a person’s death or incapacity, and then helping the client document such wishes in a will or trust. Whether it’s an email account, blog, collection of domain names, hosting accounts, apps, eBooks, etc., a good estate planning attorney can help ensure that only a person the account owner trusts can access and maintain digital assets in their absence.View Post
Having gone through a divorce a few years ago, I understand that taking on one more legal task might be a bit overwhelming. And yet Estate planning after a Michigan divorce enables you to protect your assets, ensure your children will always be well cared for, and provides you with a sense of security and control amidst the turmoil of a divorce.View Post
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