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When people begin to think about estate planning, wills are often the first tool that comes to mind. Yet, while wills are important, they are not the only option available when it comes to ensuring that assets are distributed according to one’s personal wishes. ...
People creating an estate plan must establish a testamentary instrument. They can use a will to name their beneficiaries and decree who should inherit which assets from their estate. Other times, they may want to use a trust. Some people even create both. Trusts can...
Adults in Michigan often have several people they want to include in their estate plans. They may have multiple children or even charitable causes that they want to give their property to when they die. when people have individuals as their primary beneficiaries,...