Many people create trusts for themselves or their children. However, you may have your heart set on creating a trust for your grandchildren. You are just not sure what kind of trust would work for them. In cases like yours, your family might benefit from using a...
What is arbitration?
Arbitration is a type of alternative dispute resolution that may allow individuals to avoid expensive and time-consuming litigation. In Michigan, arbitration follows the guidelines set forth in the federal Uniform Arbitration Act. Review the process of arbitration and...
Updating your will the right way at the right time
The saying "it is never too early to make your will" is correct. It is also correct that updating your will does not require a special checkpoint either. Michigan law provides a couple of ways to update your will easily and comprehensively depending on your situation....
What are reasons to decant a trust?
Setting up an irrevocable trust means that once the trust is in place, you cannot alter or abolish it. However, thanks to the state decanting law, you have a way of changing your trust by "decanting" the contents of your trust into a new trust. When you set up a new...
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,...
Don’t let estate myths stop you from creating an estate plan
Estate planning is vital to have in place at any age. If you don't have the correct facts, you could be steered in the wrong direction and become vulnerable to additional financial and personal stresses. To help you get back on the right path, below are the top 4...
Bingham Legal Group working remotely
The Bingham Legal Group began working remotely on March 16, 2020 and stepped into the forefront of doing business remotely and virtually. It isn’t business as usual for anyone, but the Bingham Legal Group is here to help you, your family and your business. Helping...
Estate planning is for everyone – even millennials
If you are one of the many millennials in Michigan, you may not have yet given thought to creating an estate plan. You may even believe that you are too young to need such a thing. This type of thinking is often based on the beliefs that an estate plan is only about...
Advantages of arbitration in legal disputes
Litigation is costly on many levels. It costs money, time and, in some particularly messy cases, can cost you your reputation in a public setting. You may find arbitration is favorable to attempting to settle your dispute in open court. Both parties in the dispute...
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...