Michigan Gun Trusts and Estate Planning with Firearms
Brittany Thompson Brittany Thompson

Michigan Gun Trusts and Estate Planning with Firearms

Certain assets require special considerations during estate planning, one of which being firearms. A gun trust provides a more complete estate planning option for those who have a variety of firearms and want to pass those firearms down as a legacy. In this post, Thompson Legal will discuss gun trusts, exploring their benefits, legal considerations, and how a gun trust they can safeguard your firearms for generations to come.

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Am I Responsible for My Parents' Nursing Home Costs in Michigan?
Brittany Thompson Brittany Thompson

Am I Responsible for My Parents' Nursing Home Costs in Michigan?

Michigan law generally protects adult children from being legally obligated to pay for their parents' nursing home care, unlike many states with filial responsibility laws. However, it's crucial to understand the exceptions and proactively estate plan to protect both yourself and your parents.

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Estate Planning Considerations For Those With Dementia
Brittany Thompson Brittany Thompson

Estate Planning Considerations For Those With Dementia

Estate planning is important, but even more so for affected by dementia or similar conditions. Upon diagnosis, it's essential to prioritize finalizing an estate plan promptly in order for your loved ones to actively participate in the process. In this post, the estate planning attorney at Thompson Legal discuss the sensitive nature of estate planning for individuals affected by this diagnosis and the special considerations they face.

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Estate Planning for Blended Families: Special Considerations and Options
Brittany Thompson Brittany Thompson

Estate Planning for Blended Families: Special Considerations and Options

Blended families, composed of spouses with children from previous marriages, require careful consideration to ensure everyone's needs are met and potential conflicts are minimized. In this article, the estate planning lawyers Thompson Legal detail the special issues and considerations that blended families face, as well as the estate planning options they have to protect their legacies. 

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What You Need to Know About Michigan's New Uniform Power of Attorney Act (UPOAA)
Brittany Thompson Brittany Thompson

What You Need to Know About Michigan's New Uniform Power of Attorney Act (UPOAA)

Michigan's Uniform Power of Attorney Act (UPOAA) is set to revolutionize how we approach standard Power of Attorney (POA) documents. The UPOAA expands agent responsibility and liability, creates guidelines for financial institutions, provides clearer terms for succession and termination. While the changes won't officially roll out until July 1, 2024, Thompson Legal has detailed what's in store and how it affects you and your family.

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Estate Planning with Joint Property Ownership in Michigan: Life Estate, Joint Tenants, and Tenants by the Entireties
Brittany Thompson Brittany Thompson

Estate Planning with Joint Property Ownership in Michigan: Life Estate, Joint Tenants, and Tenants by the Entireties

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.

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Wills vs. Trusts - Which is Right for You?
Brittany Thompson Brittany Thompson

Wills vs. Trusts - Which is Right for You?

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.

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Michigan's Statutory Will Requirements
Brittany Thompson Brittany Thompson

Michigan's Statutory Will Requirements

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.

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Lady Bird Deeds in Michigan: A Powerful Estate Planning Tool
Brittany Thompson Brittany Thompson

Lady Bird Deeds in Michigan: A Powerful Estate Planning Tool

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.

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