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December 2013 Archives

Jury ends probate dispute over Warhol portrait of Farrah Fawcett

Some people may hold charitable organizations or educational institutions very close to their hearts. As such, they might consider bequeathing valuable property to the organization. This was the intent of actress and cultural icon Farrah Fawcett when she designated that her art collection would be donated to the University of Texas upon her passing.

Amanda Bynes works through treatment while under conservatorship

Life can take many twists and turns. Although it can be hard to prepare for everything that life brings, there are ways to help deal with unexpected events. For instance, a person might suddenly become incapacitated by a physical or mental condition. If this is the case, he or she might not be able to make critical financial or medical decisions. Conservatorship may be a worthwhile legal option in this scenario.

With a death in the family comes unity or division

There may be nothing so trying for Detroit families than a death in the family. Even if the death was expected, the havoc it can cause on the remaining family members can be substantial, and not for the reasons that most people assume. It is hardly ever a dispute over money that drives families apart, but over personal possessions. When the fight is over a prized family heirloom, it can destroy a family.

Musician's estate administration doesn't go according to plan

Following through with the terms of an estate plan is very important. After all, upholding this responsibility is one important way to preserve a person's memory and legacy. In cases where an estate plan calls for distribution of assets over time, the role of estate administrator becomes very important, because this individual is responsible for making sure the estate takes care of beneficiaries and any outstanding expenses.

Michigan estate planning should consider electronic assets

Technology has allowed individuals in Michigan and elsewhere to handle many transactions electronically, from banking to tracking frequent flyer miles to downloading and storing music. Therefore, it is important for anyone in the process of estate planning to include these types of assets. In this day and age, passing down digital assets is not just limited to documenting the passwords of online banking and investment accounts.

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