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Few people in Michigan will dispute the notion that estate planning is not difficult. Indeed, having to face the prospect of one's own mortality may prove difficult for anyone to deal with. Yet perhaps even equally as daunting is the prospect of offending any of one's...
An estate plan has many moving parts, and each of these individual parts can seem complicated and difficult to understand all on their own. However, each piece plays a crucial role in your health, safety and most of all, ensuring the honoring of your wishes even in...
Creating a trust involves different decisions, such as whether to make your trust a revocable or irrevocable trust as well as determining who should benefit from your trust. If you are contemplating a trust for your children or other beneficiaries, you should also...
Mediation is a form of dispute resolution that is common in family and other disputes. Unlike litigation and arbitration, mediation can help you reach an agreement with your ex-spouse or family member rather than having the court determine what the result should be....
While researching estate plans, you may learn about different wills. Where does a living will fit into your plan? Mayo Clinic breaks down living wills and how they help protect your end-of-life wishes. Determine what to include on this will to take care of yourself...
As your loved ones age, they might grow increasingly susceptible to outside influence as their own mental faculties begin to weaken. Unfortunately, abusers and manipulators wait on the outskirts for these opportunities and they are not afraid to take advantage of the...
There are many components of your estate plan, but your will is the foundation. This document gives you the control to say what happens to your personal assets after you die. The American Bar Association states that your will also gives you an opportunity to name a...
Establishing an estate plan may seem like a daunting task. Not only does it require you to take inventory of your possessions and assets, but you must determine who you would like to receive your property. One of the most important components of creating your estate...
If you have not yet written a comprehensive estate plan, you are in good company. After all, according to a recent survey, more than half of Americans do not have even a basic will that outlines what happens to their assets after death. Still, to borrow from the old...
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...
