After your death, you will no longer have control over what happens to your property and assets, so you want to pick the right person to serve as the executor of your estate. You want to avoid potential issues with your pick, though. Choosing the wrong executor may...
Month: July 2020
How do I remove a trustee?
If you are a beneficiary of a trust, you must rely on the trustee to complete his or her duties and manage the assets in the trust properly. If you feel this person is not doing a proper job, you may be able to have the court remove him or her from the position. ...
Tips for surviving the estate planning process
It’s a point of dread in many families: planning out and dividing inheritances. Conflicts surrounding trusts and wills can give rise to tensions and cause rifts if one member of the family feels slighted. Although it may be impossible to please everyone entirely,...
Important Estate Planning Aspects In A Pandemic
The Covid-19 pandemic has all of us thinking about the future and about our own mortality. Even if you are young and healthy, there are no reliable prediction tools for how the coronavirus will impact you if you contract it. Some patients never experience symptoms...
Why should you update your will?
Writing a will is one way you can show your concern and care for your surviving family members in Michigan. It is also invaluable in providing you with the means to exert some control over what happens to your assets, valuables and sentimental possessions after you...
Parents face many challenges dividing the children’s inheritance
When building an estate plan, most individuals will include a will. This legal document outlines how the decedents wish to divide their estate among heirs. For parents, finding an equitable division among siblings can prove quite challenging. Though an equal split of...
Why you need an estate plan when you become a new parent
Any time you and your spouse welcome a new child into your household, you need to update your estate plan. If this is your first-time parenting experience, you need to establish an estate plan. Regardless of your age or the size of your bank accounts, etc., the very...
