Sheehan & Associates, P.L.C.

September 2016 Archives

Parents often shoot down children's attempts to discuss an estate

As parents age, children may decide they need to sit down and have a talk about the parents' estate. They may be interested in what they are going to get for an inheritance and what responsibilities are going to come along with it. While children may have to work up the nerve to have this talk, what they often find is that the parents aren't interested in talking at all. They shut the conversation down.

Debt and death, who owes what? Part 2

We recently shared some basics about what happens to debt when a loved one dies. It isn't just money and assets that some leave behind. Debt is commonplace among households and individuals. When death occurs, what happens to debt? Are you responsible to pay it off?

Debt and death, who owes what when a loved one dies?

Very often when there are conversations about estate planning, the talk revolves around the inheritance following a person's passing. Who will get the financial savings acquired during the person's life? Who gets the real estate? Who gets the family heirlooms? How will a business be handed down or managed?

More self-driving car laws are in the works, but questions remain

Legislation unanimously passed the Michigan Senate this week that would allow companies to test self-driving cars without a human operator inside. Proponents say requiring a researcher to be inside the test cars would put Michigan automakers at a disadvantage (Florida also eliminated the operator requirement this year) and that more expansive legislation could help position Michigan as a leader in the developing industry.

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Sheehan & Associates, P.L.C.
1460 Walton Blvd , Suite 102
Rochester Hills, MI 48309

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