Detroit Probate, Trust & Estate Administration Law Blog
Dying without a will in Michigan
Many people are hesitant about estate planning. Considering the end of one’s life is challenging and uncomfortable. However, many heads of households understand that these plans are essential to taking care of their family after they are gone. Unfortunately, many...
What are some of the differences between wills and trusts?
Wills and trusts are estate planning tools that you may choose based on your circumstances. Each document offers different features. Your choice may depend on whether you wish to transfer ownership of your assets smoothly or provide your beneficiaries with an income...
Prioritizing the estate planning process
For many people, daily life is very hectic and there are a number of challenges that have the ability to significantly affect one's future (such as legal problems and challenges at work). Our law firm realizes that these are very upsetting hardships for many people,...
Discussing estate planning with your spouse
When it comes to the estate planning process, there are a wide variety of factors to take into consideration. For example, people need to determine which type of estate plan makes the most financial sense, review relevant tax matters and think about beneficiaries....
Why you should include your digital assets in your estate plan, too
Your estate plan includes who will inherit your money, your home, family heirlooms and other valuable assets. But does it also include your social media passwords and ways to access the files you have uploaded into the cloud? Your digital assets may be more valuable...
What should I know about reading a trust?
A trust administrator must understand the trust to know how to properly manage it, which requires understanding the trust language and the general aspects of this type of document. Forbes explains that you should know the trustor is the person who created the trust,...
Reducing inheritance conflict among children
The estate planning process requires careful consideration, and this is particularly true if you have concerns about potential infighting among your adult children after your passing. Inheritance conflicts may do more than cost your children money and time. They may...
Should I discuss estate planning with my family?
Making your estate plans is a difficult concept to begin with. Thinking about whether you should talk about your designations with your family may make you feel uneasy. However, the time to have this discussion is now. According to Forbes, here are some ideas for...
Essential estate planning documents besides a will
A last will and testament is the foundation of estate planning for most individuals, but there are other essential documents to create and sign as well. Unlike a will, which distributes assets after an individual's death, these documents help a person manage financial...
Is your executor right for your estate?
When Michigan residents make an estate plan, finding an executor is key. This is one of the first steps you should take. An executor will help manage your estate after your passing. They handle matters related to your will and assets. Today we will look at ways to...
