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Category: Trustee

Estate Planning with Digital Assets

Posted onFebruary 10, 2023February 10, 2023

Planning for digital assets within your estate plan is a relatively new concept for many of my clients. They plan for physical assets, like their homes and money, to be transferred through a Will or Trust but forget about their digital assets. However, planning for Read More …

CategoriesBeneficiary, Estate planning, TrusteeTagscryptocurrency, digital assets, estate planning, legacy contact, NFTs

More Common Estate Planning Mistakes

Posted onNovember 12, 2020November 10, 2020

Preparing an estate plan does not have to be a complicated process. Certain important decisions need to be made regarding who will handle your estate upon your death, who will take care of your minor children, and who will handle certain roles in the event Read More …

CategoriesEstate planning, Probate, Revocable Trust, Trustee

What Are the Trustee’s Responsibilities?

Posted onNovember 10, 2020November 10, 2020

Selecting a trustee to handle your estate is no easy task. Considering the level of responsibility that goes together with being appointed as trustee, the selection of who will handle this job duty should be one that is given a lot of thought and consideration. Read More …

CategoriesBeneficiary, Estate planning, Revocable Trust, Trustee

Should You Share Details of your Estate Plan with your Family?

Posted onOctober 28, 2020October 27, 2020

The decisions that go along with preparing an estate plan are far from easy ones to make. So many different factors are at play when determining who will handle your assets or who will care for your children in the event of your death. The Read More …

CategoriesEstate planning, Guardianship, Healthcare Power of Attorney, Power of Attorney, Trustee

Protecting Your Estate for Your Minor Children

Posted onOctober 6, 2020October 1, 2020

The need to provide for one’s children is usually at the top of my clients’ lists when they come in for the initial consultation to discuss estate planning. If the children are minors, that desire is often even stronger. No parent wants to die before Read More …

CategoriesEstate planning, Financial planning, Guardianship, Revocable Trust, Trustee

Preventing Family Arguments Over Your Estate After Death

Posted onOctober 2, 2020October 1, 2020

Most parents want to believe that their children or extended family members will get along after their deaths. No one wants to think that family members will battle over their deceased loved one’s estate after they are gone, but unfortunately, it happens quite often for Read More …

CategoriesEstate planning, Trustee

Planning Your Estate When You Have a Special Need Child

Posted onSeptember 24, 2020September 22, 2020

Estate planning is important regardless of who you are. However, it is even more important when you have a special needs child. If your child is a minor or an adult, it is important that you consider your child’s needs when putting together your estate Read More …

CategoriesEstate planning, Special Needs Trust, Trustee

Why Choose a Revocable Living Trust

Posted onSeptember 23, 2020September 22, 2020

Many times, clients will contact our office saying they need a simple will to handle their estate. While a will may cover many of their basic needs, I always like to discuss the Michigan probate process to help guide them in making the best choice Read More …

CategoriesEstate planning, Revocable Trust, Trustee

What to Consider When Selecting a Trustee

Posted onSeptember 22, 2020September 22, 2020

Estate planning involves several important decisions, one of the most important of these being who will serve as your trustee. For a married couple preparing a family living trust, the initial trustees are usually the surviving spouse, after the first spouse dies, unless extenuating circumstances Read More …

CategoriesEstate planning, Revocable Trust, Trustee, Uncategorized

Make Your Personal Representative or Trustee’s Life Better

Posted onSeptember 8, 2020September 7, 2020

In your estate plan, you should list someone you trust well to serve as your personal representative if your plan on involves a basic will or trustee if your plan involves a revocable trust. The personal representative is synonymous with executor, and he or she Read More …

CategoriesEstate planning, Revocable Trust, Trustee

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