Broadly speaking, a will allows you to make decisions about matters that will arise after your death. It gives you control over what will happen to your property, and in some cases to your family, with minimal involvement by the court. More specifically, according to...
Month: February 2020
How does the probate process work in Michigan?
When a person dies, probate is the court-supervised process by which the executor administers the deceased person's estate. In Michigan, only certain assets are subject to the probate process. Whether you are planning your own estate or serving as executor for a...
Trusts to facilitate charitable giving
For many people, when they think about estate planning, they think about outlining their wishes for how their assets will be distributed to their surviving spouse, children, grandchildren or other beneficiaries. While this can be an essential part of an estate plan's...
What are some estate planning documents that you must have?
There is much more to estate planning than just drafting a will or creating a trust. An effective estate plan allows you to transfer all your assets to your beneficiaries seamlessly after your death. It should also let you name someone who can make all the decisions...
Creating an estate plan during a midlife crisis
When people find themselves in the middle of a midlife crisis, multiple challenges often arise. Some people experience difficulty in their relationships, while others have a hard time in the workplace because of the emotional challenges they are working through. There...
How to write a will
Individuals may decline to put off their thoughts about their mortality. They need to take their time and prepare a document that gets well written, stating how their belongings should get distributed among their loved ones once they die. Is it a must to write a will?...
