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Category: Estate Planning

Estate planning services refer to the process of managing and distributing one's assets and properties after their death, in a way that ensures the smooth transfer of wealth to the intended beneficiaries while minimizing taxes and other expenses. Estate planning services may include drafting legal documents such as wills, trusts, and powers of attorney, as well as providing guidance and advice on strategies for asset protection and wealth transfer. These services may be provided by lawyers, financial advisors, or other professionals with expertise in estate planning. Effective estate planning can help individuals achieve their long-term financial goals and provide peace of mind for themselves and their loved ones.

How Does a Lady Bird or Enhanced Life Estate Deed Work in East Lansing, Michigan?

By: Nick Leydorf
Estate planning is all about making thoughtful decisions now to protect your assets and your loved ones later when you can no longer exercise control. Whether you're thinking about tax efficiency, probate avoidance, or long-term Medicaid care, the tools you choose matter. For Michigan homeowners, one such tool worth exploring is the Lady Bird deed. […]
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Posted on: August 13, 2025 |
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Top Five Common Estate Planning Mistakes and How to Avoid Them

By: Nick Leydorf
Estate planning is one of the most important steps you can take to protect your loved ones and ensure your wishes are honored. Despite the best intentions, it’s easy to make missteps that can lead to confusion, delays, or even conflict down the road. Whether you’re creating your first estate plan or revisiting an existing […]
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Posted on: June 19, 2025 |
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What is a Power of Attorney and Why Do You Need One?

By: Nick Leydorf
When planning for the future, many people focus on what happens after they pass away. Equally important is planning for what happens if you become unable to make decisions for yourself during your lifetime. That’s where a power of attorney (POA) comes in. A power of attorney is a legal document that allows someone else […]
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Posted on: June 19, 2025 |
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Understanding the Basics of Estate Planning: Wills vs. Trusts

By: Nick Leydorf
Estate planning is one of the most important steps you can take to protect your legacy, provide for your loved ones, and ensure your wishes are honored when you’re no longer here. Yet many people put it off, often because they don’t know where to begin. One of the first and most fundamental choices in […]
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Posted on: June 12, 2025 |
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How to Choose the Right Executor for Your Will

By: Nick Leydorf
Choosing the right executor for your will is one of the most important decisions you’ll make in your estate planning journey. This individual will be responsible for ensuring that your wishes are carried out, your debts are settled, and your assets are properly distributed. While it may sound straightforward, the role carries serious legal, financial, […]
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Posted on: June 12, 2025 |
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The Role of a Trustee in Managing Your Trust

By: Nick Leydorf
When you are creating a trust, you are doing more than just establishing a legal vehicle to hold and distribute your assets. You are also placing a great deal of responsibility in the hands of a trustee. Whether you are creating a revocable living trust as part of your estate plan or setting up an […]
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Posted on: June 5, 2025 |
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How to Protect Your Children’s Inheritance

By: Nick Leydorf
Ensuring your children receive what you worked hard for requires protecting their inheritance from taxes, lawsuits, mismanagement, and sometimes, even themselves. At its core, inheritance protection comes down to planning. Without a well-structured plan, state laws may dictate asset distribution, potentially leading to outcomes that don’t align with your wishes. This guide outlines key strategies […]
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Posted on: June 5, 2025 |
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What Happens if You Die Without a Will in Michigan?

By: Nick Leydorf
Many people put off writing a will because they think they have time, or they assume their family will “just know” what to do. In Michigan, if you pass away without a valid will, the state decides how your assets are divided. That process is called intestate succession, and it often leads to results that […]
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Posted on: May 29, 2025 |
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How Often Should You Update Your Estate Plan?

By: Nick Leydorf
Creating an estate plan is one of the most important steps you can take to protect your family, your assets, and your wishes. However, making it is only the beginning. Life changes, and so should your estate plan. It’s important to review and update regularly to ensure it still reflects your current goals, financial situation, […]
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Posted on: May 29, 2025 |
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Understanding Advance Healthcare Directives

By: Nick Leydorf
When it comes to planning for the future, many people focus on wills, trusts, and financial matters. Something often overlooked, but just as important, is making medical wishes clear. In Michigan, advance healthcare directives allow individuals to plan ahead for their medical care if they ever become unable to speak for themselves. These documents are […]
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Posted on: May 22, 2025 |
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