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May 2014 Archives

Check retirement accounts for estate administration purposes

Anyone who has undergone major life changes, such as the birth of a child or a divorce, has to consider how that change is going to affect his or her current estate plan. Even people who haven't yet created an estate plan would do well to learn how specific considerations must be made in the event of a divorce. Michigan residents might like to know how to protect assets that aren't covered in a will.

Jury questionnaire: Reminder that estate plans may avoid probate

When someone passes away without having a suitable will, his or her estate has to go through probate court for a suitable solution. In the case of contested wills and some other issues, a jury might be necessary to determine the outcome of the estate. Some Michigan residents might have received or might soon receive a jury questionnaire that might be used for jury duty in probate court.

Survey says many people put off estate planning

A recent survey was given out by the University of Michigan, polling people to find out what they had done as far as estate planning was concerned. The survey, which was called the Health and Retirement Study, was provided to 26,000 people, all of whom were more than 50 years old. It had support from the National Institute on Aging, though the University of Michigan was in charge of distribution.

Woman includes houseplant in estate planning documents

Think about some of the items that you will leave behind for your family members when you pass away. More than likely, your thoughts went to big ticket items like your home and your car. You might have even thought about who you would like to care for your pets. One woman has taken things to another level and created a care plan for her plant as part of her will.

Estate administration choices for the family's financial leader

Almost everyone knows that estate planning documents can help to make settling an estate easier when someone passes away. For someone who is the financial head of the family, creating a comprehensive estate plan is vital to ensure that your loved ones are cared for when you aren't there to take care of them. Michigan readers might be interested in reading some tips on how to deal with the loss of a financial leader.

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