Warren Estate Planning Blog
For new parents planning an estate
Estate planning as new parents is time-consuming, but making a plan for your child is important. Michigan families have a tremendous amount to care for and account for. Among the concerns that new parents have are the health, finances, and future of their newborn...
Is disinheriting a spouse possible?
Estate planning takes into account a spouse if you have one. If you die without a will, which leaves you with an intestate estate, Michigan state law defaults your possessions or financial assets to a living spouse. Disinheriting a spouse, though difficult, is...
How to include pets in a Michigan estate plan
If you own a pet, it may be possible to include provisions for that animal in your estate plan. For instance, you may be able to create a trust that is to be used to provide for your animal's needs after you pass. It may also be possible to name a preferred guardian...
Important topics regarding estate planning for blended families
If you found love with someone new in Michigan, either you or this person might have children from a former relationship. When this happens, you're living in a blended family. With that said, starting a new journey with a blended family can get complicated....
Understanding Medicaid spend-down strategies
Seniors in Michigan and around the country may be concerned about their ability to afford long-term nursing care in the future. Even those with Medicare and associated supplement plans may find themselves at loose ends if they need residential or at-home nursing care....
How do digital assets fit into an estate plan?
The fundamentals of estate planning do not change, even as the decades pass. Preparing a last will and testament and power of attorney designations continues to stand as essential elements for Michigan residents, as does putting together a file of helpful information...
Blended families and estate planning in Michigan
Building a blended family in Michigan comes with joy and liveliness in your home, but it also comes with more responsibilities and a more complicated estate planning process. To ensure that all your children are taken care of, both biological and stepchildren, take a...
What does the eviction moratorium extension mean for landlords?
President Biden extended the eviction moratorium for one more month. Landlords in Michigan might be wondering how this affects them and their residents, and what options they have now that it’s been extended. Why was the eviction moratorium extended? The extension is...
Understanding core assets and excess assets in retirement
Careful estate planning is essential for a peaceful retirement in Michigan. In general, retirees must plan how they will finance their retirement with core assets and what portion of their excess assets they want to leave to beneficiaries. The first step to planning...
What rules must landlords follow?
Rental income could provide a great way for someone to recoup money on a real estate purchase. Converting floors or rooms in a Michigan house into apartments might not be challenging, but troubles may arise when attempting to follow the law for renting to tenants. Not...