Detroit Probate, Trust & Estate Administration Law Blog
How can you transfer business ownership?
As a business owner in Michigan, a top priority for your estate plan should be figuring out how to transfer business ownership. After all, you still want your business to continue growing and flourishing even after your death. There are many ways in which you can...
Should I put my adult child on my deed?
Many people wish to avoid probate at all costs. Probate can be very expensive, time-consuming and the public nature of it is off putting for most. However, some strategies for avoiding probate are more problematic than not. For instance, if you are going through the...
Don’t forget to include your cryptocurrency in your estate plan
For business owners and individuals alike, cryptocurrencies like Bitcoin have become an increasingly essential financial tool in recent years. With Bitcoin, you can purchase merchandise anonymously and make cheap and secure international payments because bitcoins are...
Probating Out-Of-State Properties
It is very common these days for Michigan residents to own real estate in warmer climates (to be used during our cold winter months). It is also common for people in other states to own lake homes and other vacation properties here in Michigan. These are great assets...
What can I do to make probate easier for my loved ones?
Too often, people who pass away leave a legacy they never intended to leave. Their death can trigger family disputes from which parties do not recover, or they leave loved ones with messy, complicated legal matters that require time and money to resolve. Often, these...
What should you look for when choosing an executor?
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...
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...
