Inheritance disputes have been known to tear families apart and result in relatives not speaking to each other for the rest of their lives. Of course, this would be something that you and other Detroit residents would want to avoid. The way that you plan your estate...
Month: October 2016
What are the benefits of establishing a trust?
Some people mistakenly think that trusts are only for millionaires. There are many reasons that setting up a trust can help you in terms of protecting what you own, avoiding probate, ensuring the effective distribution of assets after your death and assisting in the...
How does a holographic will work in MI?
You might have seen a scene on television or in a movie where the main character in a dire situation writes out his last will and testament on the only scrap of paper available, then signs it before either perishing or being rescued. Dramatic, certainly, but would...
What is a durable power of attorney?
Recently in this blog, we discussed appointing a guardianship or conservatorship over a loved one who is mentally or physically compromised. These legal procedures are often decided by the court after the person's incapacitation. There is also a way that you can...
A guardianship may protect an incapacitated adult
Last week, we discussed appointing guardianship in your will or trust planning in case you passed away while your children were still under your care. In some cases, people in Detroit and elsewhere can set up a guardianship, or conservatorship, over an adult. The...