Category Archives: news

Do you consider trusts to be instruments of the wealthy? While it is true that many Americans of means have trusts to protect and pass their wealth, there are a number of reasons why trusts can also be useful for middle-class families. Here are 7 of them.

They call it the “poor man’s estate planning.” Put your child on the title to your deed and avoid probate. Yet this “poor man’s” planning often ends up, well, poorly; and costing a lot more for the people you love. Here’s why and what you can do about it.

While most parents have the inclination to treat all their children equally when it comes to an inheritance, your personal family lawyer at Legacy Counsel knows that this is not always the wise choice. Here are some scenarios when an unequal distribution may be better.

If you are a new parent or expecting your first child, estate planning is probably the furthest thing from your mind. You may have heard that becoming a parent is when estate planning becomes essential, but it can be difficult to imagine fitting in a meeting with a lawyer on top of everything else.

Blended families are very common, but the default laws in Michigan likely do not reflect how you would want to provide for your loved ones after you pass. This is where a carefully thought-out estate plan comes in. While it is important for every family to plan for the future, it is particularly crucial for blended families.

The summer before a child goes off to college is an emotional one for parents, especially if this is the first kid to leave the nest. If your not-so-little one is about to leave home, you may be feeling anxious, lost, and fearful about the future. More likely than not, you’re also feeling proud of all your child has accomplished so far.