As part of estate planning, you must let your loved ones know about your end-of-life desires. You may not feel prepared to have this conversation, but your children, relatives and friends deserve to know your desires. AARP offers tips for broaching the subject. Do not...
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3 mistakes first-time executors make
If a loved one died and named you as the executor of his or her estate, you may feel unsure about where to start. While you are likely familiar with this person's wishes, there is much more to this role. As executor, you are responsible for completing all the...
Implementing a tax strategy in your estate plans
As you immerse yourself in the estate planning process in Michigan, you quickly discover that a major element of this task is limiting the potential liabilities your estate may face. Settling your debts and structuring your estate so as to minimize (or even avoid) the...