Loaning money within a family can always be a complicated proposition, but proper legal guidance can help make intra-family loans an effective option for wealth transfer and keep them from becoming points of contention in personal relationships. In certain...
Month: June 2016
Estate planning fundamentals
There are many reasons a person may desire to establish an estate plan, regardless of the value of the relevant property or the specificity of one’s end-of-life wishes. Due to the increasing complexity of legal and tax implications of dying without an estate...
A primer on living trusts in Michigan
Probate procedures have long been a contentious issue among those who are attempting to plan for the distribution of their property following their death -- and often more contentious among the survivors of those who did not bother to properly prepare at all! In many...
A healthcare power of attorney takes a burden off your loved ones
When taking care of your estate planning, our team at the understands that it may be unpleasant to think about end-of-life matters. Additionally, these smaller details may be overlooked when you are focusing on how to divide your assets...
A special needs trust can address the needs of a disabled adult
If you have a child with a disability, you may rightly be concerned about how to continue caring for the child after he or she is an adult. At the , we understand the questions that you and other Detroit residents with special-needs...
Will your will keep your family from fighting?
Like many Detroit residents, when you plan what will happen to your assets after your death, you are probably hoping to prevent your loved ones arguing over who gets what. The loss of a family member is always a difficult situation, and it may bring out the worst in...
What does having power of attorney entail?
While not exactly an estate planning aspect, power of attorney is one method that is often used to protect a person’s interests and assets. Many Detroit residents have been appointed power of attorney over a loved one, or have designated one themselves in anticipation...
