Understanding the various types of joint property ownership available to property owners is essential for crafting a solid estate plan. In this article, we'll explore three common forms of joint property ownership used in Michigan for estate planning purposes: Life Estate Deed, Joint Tenants with Full Rights of Survivorship, and Tenants by the Entireties.

Family LLC’s are a unique and flexible way to safeguard your family cottage or vacation home future generations to come. Family LLC’s provide owners with liability protection and privacy, while also being easier to control, maintain, and amend.

Estate planning for young individuals and families involves a unique set of considerations, from naming guardians to utilizing trusts and life insurance.

In this blog post, we'll explore the Michigan estate tax, the federal estate tax, and the anticipated changes in 2026 due to sunset of the Tax Cuts and Jobs Act (TCJA).

Fortunately, the U.S. Department of the Treasury provides a solution for correcting these mistakes through the use of FS Form 4000. In this article, we will guide you through the process of correcting mistakes on savings bonds and requesting a reissue using FS Form 4000.

Estate planning is a vital step in securing your family's future and ensuring your assets are distributed according to your wishes. Two primary tools used in estate planning are wills and trusts. In this blog post, we'll delve into the benefits and differences between these different estate planning instruments to help you make informed decisions about your estate plan.

In Michigan, one option that simplifies the process is a Statutory Will. This legal document offers a straightforward way to express your final wishes without the complexities of drafting a custom will.

Among the various tools available to ensure your assets are passed on efficiently and according to your wishes, one lesser-known but highly effective option in Michigan is the Lady Bird Deed. This type of deed provides a unique way to transfer property while retaining control during your lifetime.