When people talk about estate planning, many people's minds jump to thinking about assets like real property and money. The truth is that when a Michigan resident dies, they can still leave debts behind. Understanding how to handle these debts is imperative to...

There is a good chance that you use a Google service to check your email, schedule appointments or manage a digital photo album. Generally speaking, Michigan law allows you to appoint someone to oversee these assets after you die. It may also be possible to appoint an...

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...