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...
Here are 2 important documents for millennials to have
If you are young, single and healthy, you probably give little thought to preparing a will. Perhaps you also give little thought to what happens if you should become incapacitated. A devastating car crash could happen, or you could sustain a brain injury in a bad...
Make sure you name a guardian for your minor children
No one wants to think of dying, but it is important to plan for it, or else things can get really messy. For parents with young children in Michigan, naming a guardian is imperative in the unfortunate event both parents pass away before the kids turn 18. There are a...
Delays during the probate process
The probate process can be challenging for a multitude of reasons. First of all, many people in Detroit and across the entire state of Michigan struggle with overwhelming emotional pain following their loved one's death. Aside from emotional concerns, there are many...
Removing your former spouse from your will
Whether a marriage breaks down because of a partner’s infidelity or a married couple grows apart after many years, countless factors can lead to a divorce. As if the divorce process is not challenging enough in and of itself, there are other legal considerations...
Can caring for sick parents cause inheritance clashes?
Some Detroit adults find themselves having to care for an old, ailing parent, with the other parent having passed away. However, sometimes if an adult child is granted responsibility for the parent’s finances, that child may try to take over the parent’s finances...
Should you set up a charitable trust?
If you live in Michigan and are planning your future, setting up a trust is often a smart move, but there are various types of trusts to choose from. If you are philanthropic and are looking for your own estate tax benefit, a charitable trust may be a good option....
Should you make changes to your will?
As the season changes to warmer weather, it is a good time to reevaluate your estate plans in Michigan. Perhaps you wrote a will, but you have not made any changes to it since. There are certain circumstances that call for adding to, or changing, a will, so now is the...
Is it time to use Michigan’s trust decanting act?
When a husband and wife plan the disposal of their estate, one of the major issues can concern the best way to provide for their children's future needs. With the help of their financial planning attorney, the parents agree that setting up an irrevocable trust is the...
