When it comes to trust administration and other estate-related matters, many facets of the law can leave people with questions. Our law office knows that it is crucial for you to find answers and review any issues that are relevant to your case. For example, if you...
For some Michigan residents, setting up a trust may be one of their New Year's goals. One of the decisions that has to be made is whether the trust will be revocable or irrevocable, and this depends on the reasons for setting up the trust in the first place. The...
Life changes often create the need for estate planning changes, but when modifying a trust in Michigan, it is important to do it right. According to the American Bar Association, a trust amendment is a document that attaches to the existing trust, rather than a...
You have taken the time and effort to create a will in Michigan, and you feel reasonably confident that your children are not going to suffer financially if you die while they are young. However, this estate planning tool only gives peace of mind for the time after...
People tend to think that all their assets must eventually go through probate, but that is not true. For example, if you and your spouse share joint ownership of your home, your spouse will own it under right of survivorship after you pass away. You no doubt own other...
People have many responsibilities and concerns when it comes to the probate process, whether they are unsure of their duties as an executor or experience problems with other beneficiaries, such as disagreements over how a loved one decided to distribute...
On this blog, we have covered some of the reasons why disputes over an estate arise. Sadly, these disagreements have the capability to tear a family apart and can be especially tough to deal with during certain times of year, such as the holidays when family members...
Ensuring that your family members are able to benefit from the assets you leave behind is one of the primary goals of estate planning in Michigan. We at the often recommend spendthrift trusts to people who have concerns about their...
If you have remarried, questions will arise at some point concerning your estate. The number one question will be about who gets what, and how, after you die. Beneficiary designations are not just about naming your heirs in a will. You may not have realized it, but...
You may not want to take on the considerable responsibility of agreeing to be the executor of your parent's estate in Michigan. However, once your parent passes away, the person chosen could prove less than satisfactory. Here are some clues that he or she should be...
