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Estate Planning


Pet Trusts

MCL 700.2722 Honorary trusts; trusts for pets

Categories: Estate Planning


Few Americans Have an Estate Plan

Studies show that only 30% of all Americans have a Last Will and Testament in place. Even less have set up a power of attorney or patient advocate designation. Why don't the vast majority of Americans have an Estate Plan? Studies show that about 20% of Americans mistakenly believe the ownership of their possessions will automatically transfer to their family when they pass away. About the same percentage of Americans just think establishing an estate plan is too expensive. The truth is that (i) without a proper estate plan your property may not automatically transfer to your loved ones...

Categories: Estate Planning