On behalf of Creighton McLean & Shea PLC | Sep 24, 2020 | Estate Plan, Estate Planning
If you are planning to get remarried, it is a good idea to review your estate plan before a second or third marriage becomes official. This can prevent you from accidentally leaving a Michigan home to your previous spouse instead of a child or another intended...
On behalf of Creighton McLean & Shea PLC | Aug 17, 2020 | Estate Plan, Estate Planning
Did you ever know someone who went to the doctor, got a prescription and then failed to take it? A lack of follow-through like this is cited as the reason that most estate plans fail according to one survey of estate planners. The mechanics of a living trust In...
On behalf of Creighton McLean & Shea PLC | Feb 11, 2020 | Estate Plan
A well-thought out estate plan is one of the best things we can leave for our loved ones. When our remaining family members are grieving, they don’t need the stress of being forced to figure out what we would have wanted, and leaving those decisions up to the courts...
On behalf of Creighton McLean & Shea PLC | Oct 16, 2018 | Patient Advocate Designation
Are your children going back to college? Good for them. This is the time for them to grow in their education, independence, and maturity. Time for them to learn to take care of themselves. Do they need a Patient Advocate Designation?Remember, that if they are 18 years...
On behalf of Creighton McLean & Shea PLC | May 9, 2018 | Estate Plan
The good news about that is that generally, you will be able to treat that account as a “spousal rollover IRA if inheriting from your spouse. If the owner is not your spouse, you may be able to treat it as an Inherited IRA or “Stretch IRA,” which has...
On behalf of Creighton McLean & Shea PLC | Mar 9, 2018 | Estate Plan
Are you concerned about tackling the estate planning process? Are you worried that you could make a few mistakes that cause you and your family harm? Are you hoping to adjust your approach in order to avoid this situation?Any estate planning mistake, even one that is...
On behalf of Creighton McLean & Shea PLC | Jan 15, 2018 | Estate Plan
Estate planning mainly centers on planning for tangible assets, like property you own, investments, bank accounts, family heirlooms and other items of value. But, you may want to include provisions for your digital assets. That includes things like:Email accounts...
On behalf of Creighton McLean & Shea PLC | Jun 13, 2017 | Estate Plan
PERSONAL REPRESENTATIVE:A personal representative is appointed by a probate court judge to manage the administration of an estate when someone dies with or without a will and has not transferred all their property into a living trust. If the decedent had a last will...
On behalf of Creighton McLean & Shea PLC | Jun 13, 2017 | Estate Plan
When a Michigan resident passes away without an estate plan, it can have devastating consequences for surviving family members and potential heirs. For example, imagine your mother died without a will and the court must divide her estate between you and your five...
On behalf of Creighton McLean & Shea PLC | May 25, 2017 | Estate Plan
Many people make plans for various aspects of their retirement, but how many plan for their mental health as they grow older? The Journal of the American Society of Neurology reported a study last year showing how to plan to reduce the chances (and severity) of...
