While many people in Michigan choose to have their will drafted and typed out by an attorney, some choose to handwrite their will. Known as a holographic will, a handwritten one has some benefits, but it also comes with certain complications. People should weigh the...
Sold inherited property and tax liability
Losing a loved one in Michigan is difficult, and figuring out what to do with inherited property can add to stress levels. If the inheritance included a house or other physical property, the beneficiary may choose to sell it. While there should not be an inheritance...
Is someone trying to exert undue influence over your mom?
Your mother has been careful about keeping the family estate intact, just the way your dad left it to her when he died. Now she suddenly wants to change her will. You suspect a distant cousin who has recently entered your mom’s life may be trying to influence...
The importance of a unique estate plan
When it comes to estate planning, there is no one size fits all solution. In fact, the circumstances surrounding one estate may vary dramatically in comparison to another estate, which highlights how crucial it is for you to set up a unique estate plan that caters to...
When a spendthrift trust is recommended
People in Michigan who want to manage their finances both while they are living and after they have passed should have a trust. This, along with a will, can aid in estate planning and ensure finances are taking care of effectively when the owner becomes incapacitated....
