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November 2017 Archives

Holiday celebrations and estate disputes

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 join to celebrate. Bingham Legal Group knows that these matters can be tough for people on all sides of the dispute, whether you are an executor facing false allegations of neglecting your fiduciary duties or you are a beneficiary and believe you have been wronged. Either way, you may have to confront strong emotions and stress as you review the situation and this can be even more challenging during the holidays.

Asset protection with a spendthrift trust

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 Bingham Legal Group PC often recommend spendthrift trusts to people who have concerns about their beneficiaries' ability to handle wealth responsibly.

Do I need a lawyer for estate administration?

While many people immediately think of lawyers for handling criminal cases or litigation such as in divorces or contentious custody battles, they may not consider the need for an attorney in a situation such as estate administration. Often, individuals do not think about planning for the proper distribution of their assets or the management of their estate, and this can leave their loved ones in difficult circumstances amidst the trying time of dealing with a death. 

Estate planning and communication

With estate planning, communication is paramount to the efficacy of your trust or will. In addition to talking with loved ones, trying to answer any questions they have, and going over any concerns that may arise, it is also very important for you to find answers to any questions that you have. By taking the time to talk with those who are affected by your estate plan, you might be able to eliminate confusion or even prevent disputes from arising later on. There are many facets of effective estate planning, but our law firm knows how crucial communication is.

Things to consider before joining a pooled special needs trust

Parents in Michigan who are concerned about their adult child with disabilities may be looking for a solution to ensure his or her quality of life is maintained after their death. According to FindLaw, special needs trusts are often the estate planning tool that fulfills this goal. There is more than one type of special needs trust, though, and for some families, a pooled-account trust may be the best option.

Are holographic wills legal in Michigan?

With estate planning, there are many facets of the law and your personal circumstances that you may want to consider. You should always try to move forward with a plan that will best suit your individual needs and make things easier for your loved ones once you pass away. Moreover, if you have any unanswered questions, such as the legality of holographic wills in the state of Michigan (since these are not legal everywhere), it is essential to find answers. Holographic wills, for example, are entirely written by the testator, but they are not accepted in all states.

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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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