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How Divorce Affects Your Michigan Estate Plan

Divorce is a complicated process of unwinding not just a marriage, but of property and other legal obligations. There are many legal issues to consider. For example, how does a divorce affect your will or other estate planning documents? Divorce (Partially) Revokes Your Will Married couples typically...

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The Role of an Executor in Michigan

An executor, or personal representative, carries out the terms and provisions of a deceased person’s will. Typically, the creator of the will (also known as the testator) will name an executor who is responsible for closing out the testator’s estate, which means taking care of...

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How to Create a Valid Trust

Estate planning is an individual process -- what works for one person might not be the best option for distributing your assets. For example, you don’t have to create a will in order to dispose of your assets after death. Another option is creating a...

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How Retirement Planning Affects Estate Planning

Most Michigan residents have some form of retirement savings. The most common types of retirement accounts are IRAs, 401(k) plans, and Roth IRA plans. Each has specific rules governing how and when withdrawals are made. In addition, there are significant estate planning implications for handling...

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Recognizing Scams

While anyone can fall prey to a scam, many con artists choose to focus their attention on the elderly. Michigan seniors may find themselves the target of any number of scams involving Medicare, insurance, and estate planning. It is important to recognize the signs of...

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Burial Benefits for Veterans

Losing a loved one is difficult under any circumstances, and it can be challenging to think about financial issues when you are coming to terms with the death emotionally. Yet it is important for families of veterans to know about burial veterans for benefits and...

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Pensions and Estate Planning

For residents of Grand Rapids, Michigan who are thinking about estate planning and, in particular, are thinking about options concerning their pensions, it is important to understand how estate planning is connection to decisions about your pension. First, what is a pension? Is this something...

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