Estate Planning: A Continuous Process
Estate planning is a continuous process and estate plan documents should be reviewed at least every decade and upon any major changes in lifestyle or family structure.
A basic estate plan includes a Will, a Medical Power of Attorney, and a Durable General Power of Attorney for financial matters.
A Will addresses the distribution of assets, paying debts and taxes, and providing guardians and conservators for any minor children.
Many high income earners believe that they cannot contribute to a Roth IRA. This is because they are unaware of the loophole they can use by contributing through the backdoor.
The Michigan Elder Law Blog 