Alward Fisher Rice Rowe & Graf
A Full Service Practice For Individuals And Businesses Throughout the Midwest in Michigan, Indiana, Ohio and More
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July 2017 Archives

Estate planning important in protecting assets

At some point in time, each individual must recognize the fact that he or she will eventually die. While this is typically not a favorite topic of conversation for most Michigan residents, it is an inevitable fact that should be addressed and planned for. Proper estate planning can make a tremendous financial difference for the beneficiaries of one's estate.

Dynasty trusts may be interesting estate planning tool

A main concern that many Michigan residents may have when considering the estate they will leave behind is how to best protect their assets. There are many estate planning options that could help parties address such a concern, and trusts can be some of the most useful. This planning tool can be particularly helpful because there are many iterations that could suit a variety of needs.

Difficult childhood divorce could have health impacts on adults

Many conditions of a person's life could impact his or her health. While some factors may seem obvious such as diet and living conditions, there are some other scenarios that may have more of an impact that realized. For instance, Michigan children whose parents went through a difficult divorce may be more likely to have immune system issues as adults.

Estate planning may be appealing for those wanting control

During life, most individuals like to have at least some modicum of control over their affairs. Because the idea of not having control can seem extremely unsettling to some Michigan residents, many of those parties like to plan ahead for various scenarios. Luckily, estate planning can prove useful to people hoping to maintain control over how their estates are handled even after death.

Revocable trusts may make Michigan estate planning easier

Having to change their minds is something that most people experience with some frequency. The catalyst for change can vary depending on the individual and circumstances, but typically, parties do not enjoy finding themselves in an irreversible scenario. Because of this apprehension, Michigan residents interested in using trusts during estate planning may wish to consider creating revocable trusts.

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