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 | 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...
On behalf of Creighton McLean & Shea PLC | Mar 17, 2017 | Estate Plan
Many parents worry that their child with special needs may find life impossible once they are gone. After all, the often astronomical cost of living with special needs requires government assistance, but leaving a large sum of money to a beneficiary may disqualify him...
On behalf of Creighton McLean & Shea PLC | Feb 22, 2017 | Estate Plan
Family Plan is a Matter of TrustMike Illitch, who bought the team for $85 million in 1992, died Feb. 10 at age 87. Because his widow, Marian Illitch, owns MotorCity Casino Hotel, she is prohibited from inheriting the Tigers under Major League Baseball’s...
