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October 2017 Archives

4 factors that can affect an entrepreneur's estate plan

As a business owner in Michigan, you no doubt understand the importance of having estate planning documents in place to ensure that probate and taxes do not diminish your hard work. Our legal team at the Bingham Legal Group often works with entrepreneurs to ensure that their assets are protected.

What happens to a house when the owner dies

It may bring peace of mind to heirs to know that they will not be saddled with their parent's debt in Michigan. However, someone who is looking forward to inheriting a home that was promised in the will could discover that the transaction is not straightforward.

Should I agree to become a trustee?

The responsibility of trust administration in Michigan involves quite a few financial duties, and if someone has asked you to be a trustee, you should consider it carefully before agreeing. The American Bar Association explains that your role depends heavily on instructions in the trust, so you should discuss the specifics of issues such as investments and distributions with the trustor to learn what the appointment will entail.

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Bingham Legal Group PC
30100 Telegraph Road, Suite 360
Bingham Farms, MI 48025

Fax: 248-642-3207
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Phone: 248 952 8783
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