Trusts are an important estate planning tool. Assets within your trust will be overseen by a trustee after you're gone, and this person is responsible for investing your money and ensuring heirs live up to the terms of the trust when receiving assets left to them....
Month: October 2019
Are you thinking about disinheriting a child?
As you sit down to plan your estate by creating a will and/or trust and filling out all other necessary documents, you may stumble when you think about your estranged daughter or son. You both live in Michigan, and you have tried to have a relationship with your adult...
Is it time to update your will?
You have drafted your will once before and put it aside, is that all you need to do? The answer is no. If you are like most Michigan residents, you do not want to think about your will all of the time. Once finished, it is out of sight, out of mind. There may be times...
Estate of Michigan songwriter sues widow alleging fraud
The beneficiaries of a late Michigan songwriter's estate filed a legal action against his 64-year-old widow alleging that she had taken advantage of him while he suffered from dementia. The songwriter's three sons accuse the widow of convincing their late...
Considering the pros and cons of holographic wills
Although everyone should have a will, many people in Michigan do not, even though Michigan law makes it easier to create one than the laws in some other states. In Michigan, people can write their wills by hand. The law calls these handwritten documents holographic...
Does your loved one have testamentary capacity?
If your parent has been forgetful lately to the point of concern, you may wonder whether he or she is legally able to make changes to a Michigan estate plan. According to the American Bar Association, there are certain elements that can help to determine whether a...