If you have decided to set up a charitable trust, you may believe that taking the proper steps now will ensure that your wishes are honored after your death, regardless of circumstances. However, what happens to your trust if the purpose you wanted it to fulfill is no...
Month: March 2017
Could the power of attorney you create be challenged?
A power of attorney can be created for several different purposes. You might need a limited POA for the sale of property for which you are unable to be present, or a medical POA in which a health care agent is appointed who can make decisions for your care if you...
Legal names for the people in your will
When you are preparing to draft your last will and testament in Michigan, your primary concerns probably revolve around what you leave behind, and to whom. However, once you get into the legal process, you may discover a number of terms that are not in...
Using a life estate to avoid probate
When a person has a home or other real estate in Michigan that he or she is thinking about passing on to heirs, the number of ways to do this may seem confusing, and each has its own consequences. Naming the people who will inherit the property in a will is a common...
Is your will outdated?
You drafted your will while your child was young, and that put you ahead of the curve when it comes to estate planning in Michigan, since many people procrastinate until it is too late. As time has gone by, though, your original wishes may not be relevant or...
Two words changed your rights to a special needs trust
When you have medical needs because of a disability, having your own assets in Michigan can sometimes ironically become a liability. While you may have enough to take care of things right now, that amount of income may quickly be depleted due to the high costs of your...
