Two terms that are important to estate planning are "per stirpes" and "per capita." Both refer to the way that assets can be divided among a deceased person's heirs.These terms are definitely concepts you should know about when dividing up the assets in your estate....
One of the primary questions that people have when they are going to file for bankruptcy is what chapter they will file under. The two primary forms of personal bankruptcy are Chapter 7 and Chapter 13. Both of these can offer the relief that you need, but they do have...
Children thrive with consistency. When their parents are going through a divorce, everything they've known seems to be changing. This is a difficult spot for these kids. You have to be prepared to help them with the adjustment if you and the other parent are ending...
Are you putting off filing for bankruptcy because you keep hoping that you'll discover a miraculous way to turn your financial situation around?Why? The odds are good that it's nothing but a sense of guilt over your perceived financial failings holding you back -- and...
When you have any assets or loved ones, you need to think about creating a will. This document outlines what you want to happen to your possessions when you pass away. This might not be something that you want to think about, but it can help your loved ones to get...
If you're like a lot of people, you consider your dog or cat (or any other pet) more like a family member or child than a simple pet.Unfortunately, the law in Michigan doesn't quite see it that way. If you're considering a divorce, here's what you should know about...
Before you breathe a massive sigh of relief after your bankruptcy, you need to understand that disaster can strike in the same place more than once. One of the largest mistakes we see Detroit residents make in the aftermath of bankruptcy is returning to their previous...
Your senior years are supposed to be your "golden" years -- but many seniors these days are finding themselves unable to manage their debts and living expenses. Even though the nation is prospering economically, many seniors are being left behind due to social changes...
In business, it pays to be tough -- and sometimes that also means being tough on yourself. When business lawsuits erupt, you have to keep your focus on the day-to-day demands of your business if you want your business to survive.Any business lawsuit is bound to take...
