How can you be sure you found all of your late loved one’s life insurance and annuities?
This problem has long vexed Michigan families. Many life insurance policies are hard to find since they are paid-up, or relate to former employment for which there may be no “paper trail.”
Happily, effective in late 2016, the Michigan Department of Insurance and Financial Services (DIFS) implemented the Life Insurance Annuity Search Service (LIAS) program. The new service helps families find life insurance and annuity contracts purchased in Michigan.
Once a search has been submitted, the LIAS will forward the information to all life insurance companies doing business in Michigan.
Life insurance companies must respond to requests within sixty days of submission. Submissions may only be made on behalf of deceased, not living, individuals. Requests are made online at www.michigan.gov/difs.
We have begun submitting LIAS requests as part of the trust and estate administration services offered to our clients.
We are proud to announce that Mark has received the designation of “AV Preeminent” status by a vote of the members of the Michigan Bar and Judiciary. AV Preeminent status is the highest possible rating of both legal ability and ethical standards. impact of divorce on estate planning, and protecting your assets from the failed marriages of your children. Please contact us you have concerns about the implications of divorce on your estate plan.