When you die in Michigan, a portion of your estate might have to go through probate before your beneficiaries can receive their assets. Probate is the process in which your assets are distributed to your heirs and beneficiaries. Fortunately, there are a few assets...

In recent years, several celebrity estates have been in the news because of such mistakes as creating trusts and failing to fund them or because of not creating an estate plan at all. The very wealthy are as likely to make these and other estate planning errors as...

Regardless of age or social status, it is highly encouraged that everyone have an estate plan in place. These plans not only serve to make sure that a person's assets are distributed according to their wishes in the event of their incapacitation or death, but they...

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...

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 some significant...

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...

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...