It's safe to say no one loves talking about death. This is one of the many reasons why planning for this inevitable event is something that many families put off. It is estimated that nearly half of all Michigan residents do not have a will or any kind of estate plan....
When an individual dies, it is likely for their estate to undergo probate based on its size and details. This process has many requirements, including the appointment of a personal representative. Ideally, the decedent already has someone named in their will. If not,...
If you have a charity or cause that is close to your heart, you may want to create a charitable trust which can help support the organization long term. Charitable trust First, the trust documents should clearly state the purpose and the mission of the charitable...
Losing a dear family member is one of life’s most difficult experiences. When a loved one passes, the last thing family members in Michigan want to think about is how the property and estate of the deceased will be handled. However, if a person dies without a will or...
Having an estate plan is crucial for individuals who want to make sure their wishes are followed after they pass away. Without a legally binding estate plan, Michigan state laws will likely determine the fate of your assets, property, and even the guardianship of your...
Losing a family member can be overwhelming and stressful. The surviving immediate family might undergo various procedures related to the death and legalities regarding the deceased's estate. Fortunately, a standard process exists to address these needs under state...
Since death can be unpleasant to think about, too many people avoid planning for this inevitable event. It is a common misconception to think that only those who are near death need a will, but this is far from the truth. Here are some reasons why a last will and...
Death is not a subject that most Michigan residents want to discuss. Of course, it’s unavoidable, so it only makes sense to prepare ahead of time. A proper estate plan can ensure that a person’s assets are passed onto their intended beneficiaries. Trusts are great...
When it comes to estate planning, much attention is often paid to who receives assets. However, an equally important consideration is how those assets are distributed. Michigan testators often have concerns and desires for how their assets will be used after their...
Many people think trusts are only useful to wealthy families. However, every Michigan family can benefit from having a trust as a part of their estate plan. Out of the many different types of trusts, living trusts can help families or individuals plan for unexpected...
