When most people hear the words “estate planning,” they have an instinctual reaction: “I don’t have to worry about that. That’s something older, richer people do.” Part of this might come from the name itself. The word “estate” makes people imagine a big gleaming mansion with a wrought-iron gate, … Read more about Michigan Estate Planning Basics: Everything You Need to Know
Thanks to terms like “trust fund baby,” most people think that trusts are just for rich people who have piles of cash to give away to their children. In fact, though, a living trust is a versatile and helpful estate planning tool that lots of people can benefit from. So what is a living trust? … Read more about Is a Living Trust Better Than a Will?
If someone has named you as the executor of their estate in their last will and testament, you might be feeling honored — and maybe a little bit terrified too. What does this mean, exactly? What will you have to do? How much work is involved? Will it create any financial risks for you? In this … Read more about I’ve Been Named as an Executor — What Do I Need to Know?