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May 2018 Archives

Handling a probate dispute with your sibling

There are many different reasons why disputes come up during the probate process, but some can be especially challenging to work through. For example, someone may find themselves in a dispute with their brother or sister for any number of reasons and these disagreements can make the loss of a loved one even more challenging for the entire family. If you are in the middle of a dispute with your sibling over an estate-related issue, it is crucial for you to do what you can to resolve the issue fairly and minimize negativity, if possible. However, you should also know your rights and stand firm if they have been violated.

High-asset divorce and estate plans

Divorce can affect a person's life in many ways, bringing stress and financial changes, for example, and this is even more true for many people who go through a high-asset divorce. Moreover, it can also affect one's estate plan, prompting the dismissal of an executor, removing a beneficiary, or finding a new person to take on the responsibilities of an executor. Our law office knows that it can be tough for people to navigate these challenges after they have recently split up with their partner, but going over all of one's options can be tremendously helpful.

Minimizing estate planning stress

From setting up an estate plan for the first time to executing an estate after a loved one has passed on, there are many ways in which estates can cause stress. However, it can be especially tough for those who are creating an estate plan, whether they have decided to move ahead with a trust or with a will. Initially, some people may have difficulty trying to decide which type of estate plan will suit them and those they love best. Even once this has been established, other stressful questions may arise, such as figuring out who to name as an executor or deciding how to split up assets between beneficiaries.

Estate planning considerations after a motorcycle crash

Life can change in a number of ways, from a couple tying the knot to ending their marriage and the loss of a loved one’s life due to cancer. Moreover, these changes can also prompt people to modify their estate plan, whether their financial state has changed significantly or they wish to change the way in which their assets will be handed down to those they love. Furthermore, motorcycle accidents can be especially dangerous and have a major impact on entire families.

Should I choose a credit-shelter trust?

People who are working on estate planning in Michigan may be considering starting a trust to manage assets. There are multiple types of trusts, and each one has its advantages and disadvantages. One type is a credit-shelter trust, which has tax benefits for both your spouse and your children.

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

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