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Did you know that a significant number of adults in the U.S. – around 77% – haven’t documented their end-of-life plans? Even if you fall into this category, it’s important to understand that you still have an estate plan. You may not have created one yourself, but the State of Michigan has a plan in place for you called Probate. …
Estate planning is a crucial aspect of securing your family’s future, and when it comes to children, the stakes are higher. A well-thought-out Minors Care Plan goes beyond financial considerations and addresses the holistic well-being of your children. In this blog post, we will delve into the essential components of a comprehensive Minors Care Plan, including letters to nominees, powers…
For many, pets are more than just animals; they are cherished family members. Many pet owners want to ensure that their pet receives the same love, care, and attention after the owner passes away, as the pet has become accustomed. One way to secure the well-being of your pets is through establishing a pet trust. A pet trust is a…
What is Estate Planning? Estate planning is essentially creating a plan for your assets. An estate could be modest or substantial, including vehicles, homes, investment properties, retirement funds, bank accounts, life insurance, and personal belongings like furniture, clothing, and kitchenware. When you pass away, none of it can be taken with you, which raises the question of what happens to…