The first part of this paper discusses how planet formation proceeds in the disks orbiting M dwarf stars. These environments are different from those associated with solar-type stars in several ways: The planet forming clock (set by orbits) runs slower, the disks are more prone to evaporation, the supply of raw material is lower, the snowline is closer in, and planetary systems are more easily disrupted. Because of these considerations, red dwarfs are less likely to harbor giant planets, but can readily produce smaller planets. The second part of this paper describes stellar evolution calculations for M dwarfs, which live far longer than the current age of the universe. These diminutive stellar objects remain convective over most of their lives, continue to burn hydrogen for trillions of years, and do not experience red giant phases in their old age. Instead, red dwarfs turn into blue dwarfs and finally white dwarfs. This work also shows (in part) why larger stars become red giants.