Blog
Do It Yourself Estate Planning — Why it is worth what you paid for it!
We often run across people who have attempted to complete an estate plan using forms they find online or with the latest zippy law online website. Unfortunately these unsuspecting folks often get what they paid for -- which is not much. Worse yet, the "free" or "low...
Lady Bird Deeds in Michigan
Here is a recent video recorded regarding the use of Lady Bird Deeds in Michigan. These types of deeds are frequently used as part of a comprehensive estate plan. If you are interested in learning more about these types of deeds or if you want to see if this type of...
What Professionals Should be Involved with Estate Planning?
By Charles Penzien Estate planning typically involves the input of several professionals, including a financial advisor, attorney, and accountant. A financial advisor can help you identify your financial goals and devise a plan to meet them, while an attorney can help...
Can my Insurance Agent Do My Estate Planning?
By Charles Penzien Many insurance agents advertise that they offer estate planning as one of the many services they provide for their clients. Others sometimes offer retirement planning as part of their services. Although an insurance agent can provide advice and...
How is a Lady Bird Deed Used in an Estate Plan?
By Charles Penzien A Lady Bird Deed, also known as an Enhanced Life Estate Deed, is a type of deed used in Michigan (and some other states) to transfer real property to one or more recipients while retaining certain rights to use and possess the property during the...
What is a power of attorney and how does it work?
By Charles Penzien A power of attorney in Michigan is a legal document that allows someone (the "principal") to appoint another person (the "agent" or "attorney-in-fact") to act on their behalf in financial, legal, or other personal matters. The powers granted to the...
Estate Planning Mistakes
By Charles Penzien Lawyers frequently see clients who have made estate planning mistakes. Estate planning can be a complex process, and it is not uncommon for individuals to make mistakes when creating or updating their estate plan. An attorney can help correct these...
Joint Ownership can be very Dangerous
By Charles Penzien We often have clients ask about whether or not it is a good idea to hold real estate with their children. People sometimes believe that placing their children’s names on their homes or other real estate can take the place of more established estate...
