Planning for an estate requires choosing a good executor. According to the Michigan legislature, the person nominated in a will receives precedent over an estate’s proceedings. If you do not appoint a person for estate administration, the state follows a specific...
Losing a loved one is always a painful process. A drawn-out and acrimonious probate process can compound the anguish you’re already experiencing. It’s not uncommon for family members to disagree about how their loved one’s assets are distributed. However, many such...
When a person dies and owns property, the distribution of assets to the beneficiaries usually occurs via probate. However, not all assets need to go through probate. A personal representative is a person named to administer the decedent's estate. This individual has...
Some assets may pass on to your heirs without going through the probate court. As reported by U.S. News, properties held in a trust generally do not require a court procedure. Properties that you co-own with another individual may also not require going through...
One of the driving forces behind Americans establishing estate plans is to lower the possibility of conflict between beneficiaries after death. Namely, dying without an estate plan can cause your surviving children to fight over your estate. Even a well-crafted estate...
Concerns about probate administration are common during estate planning. Everyone has heard horror stories about estates held up for months or years while the court decides on how to administer them. According to U.S. News & World Report, the probate process is a...
Whether you need to plan your estate or have recently lost a close friend or family member, it is important to understand the probate process. Depending on the situation, the case may need to enter the probate process before property is distributed to the...
Creating a will that outlines your wishes concerning the division of your assets after you are gone can help your family understand how to handle the disbursement, but what happens when there is a disagreement among your heirs? Such arguments can lead to probate...
Sometimes, people have complaints about elements of an estate plan or a will. The best way for you to avoid this is typically to consider the human element while planning for the future. However, even the best plans sometimes fail to address every possible outcome....
Understanding the probate and estate administration process can help you make important decisions about your will. In Michigan, specific requirements determine whether a will must go through probate, or court supervision, after you die. Review the probate laws in...
