"What You Need to Know about Estate Planning"

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This author Liza Ann Esqueda has created 18 entries.

chcklistforparents

Legal Checklist for New Parents

Everyone knows that babies come with a lot of responsibility. But did you also know that they come with a lot of legal paperwork? From the moment you find out you are expecting, or start the adoption process, there are documents that you need to fill out, file, register with the state, and store for future reference all in the name of your bundle of joy.  Below is a Legal Checklist with helpful tips that may not be top of mind

Grandparent Visitation Rights in Michigan

In Michigan, when grandparents are denied access to their grandchild they can petition the court for grandparent visitation rights.  The process can be an uphill battle because there are restrictions on their ability to do so successfully.  The biggest obstacle to grandparents petitioning for visitation rights is that parents have a Constitutionally protected fundamental right to raise their children without outside interference.  This includes deciding who can spend time with their children. Additionally, grandparents can only petition for visitation under limited
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Unaccompanied Minors: Children Flying Solo

Many airlines provide accommodations for the anxious parent to ensure their child’s safety when flying and traveling by themselves.  Surprisingly, there is no single set of applicable regulations concerning children flying alone.  Instead, the Aviation Consumer Protection Division of the Department of Transportation sites general rules and procedures for U.S. air carriers.  Each airline relies on these guidelines when drafting their own regulations regarding age limits, escorts, and fees. Below are some of the DOT’s general guidelines regarding age and restrictions:
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Legal Corner: What Will Happen to your Digital Property After Your Death?

How do you protect digital assets in the event of incapacity or death?  What exactly is a digital asset?  A digital asset is any form of electronic data, along with the right to use that data.  Some examples of digital assets include:  online banking and financial accounts, virtual currency accounts, such as PayPal, files stored in the cloud or on a personal computer, device backups such as external storage drives, URL’s, digital business documents, family photos and videos, and social media
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Grandparents Rights in Michigan

In Michigan, when grandparents are denied access to their grandchild they can petition the court for grandparent visitation rights.  The process can be an uphill battle because there are restrictions on their ability to do so successfully.  The biggest obstacle to grandparents petitioning for visitation rights is that parents have a Constitutionally protected fundamental right to raise their children without outside interference.  This includes deciding who can spend time with their children. Additionally, grandparents can only petition for visitation under limited
college

Three Documents Your College Freshman Needs

  Preparing to send a child off to college is an action packed marathon.  Starting with summer grad parties, last minute doctor visits for vaccines, hiccups like forgetting to register for parent orientation, to numerous trips to Ikea, the months leading up to the first day of class are filled with a seemingly endless to-do list.  When you drop your child off at a newly decorated and well-stocked dorm room, you’ll ask yourself, “Did we get everything we need?” or “Is
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Who Will Take Care of Your Pets When You Cannot?

Including your pet in your Estate Plan has become the norm in recent years. This makes sense as pets occupy an integral part of our homes and our hearts.  It is only natural that when we plan for the care of our loved ones, providing for our pets come to mind.   Despite a pet’s short life expectancy, there is a real chance your pet may outlive you.  This is especially true now that pet parents treat pets as family members, pamper
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Common Myths about Estate Planning

If I have a Will, probate is not required. On the contrary, having a will often mandates probate.   When a person dies leaving a will, probate is frequently required to implement the provisions of that will and to transfer title.  Often, it is the only way for the beneficiaries to obtain legal ownership of property devised to them in a will. A Will covers all my Assets. A will does not cover assets held as joint tenants with right of survivorship,
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5 Common Estate Planning Mistakes

5 Common Estate Planning Mistakes Establishing an estate plan offers many benefits. Not only can it help maximize the actual value of the estate you’ll pass on to your heirs and beneficiaries, but also give you the ability to make informed decisions concerning how your assets should be handled while you are still alive. Following are common mistakes people make in Estate Planning: Believing that Estate Planning is a one-time event. Life brings with it an unending number of changes. Births,
Medical directive document in a clipboard

Common Mistakes when Planning your Medical Directive

Common Mistakes when Planning your Medical Directive Not Reviewing and updating your Medical Directive – Just like all your other Estate Planning Documents, a Medical Directive should be reviewed periodically to ensure that it is still reflective of your wishes. Additionally, you should confirm that your named representative is still willing and able to act on your behalf. Not having a discussion with your Personal Representative about your specific wishes. People usually know how they want their healthcare handled in the