When a person in Michigan executes a will, they do so with the intention that their wishes will be followed regarding the distribution of assets to their chosen heirs through the probate process. However, things do not always run so smoothly especially if an heir...
Estate Planning
Bringing up estate planning with your parents
Worried that your parents have not done their estate planning? Unsure how to bring it up with them? You’re not alone. Most people in the United States have not done any estate planning. Children know this, even as their parents continue to put it off. However, it’s a...
Do you intend to disinherit somebody? You should probably read this first
When an expectant heir finds out that they’ve been disinherited, shock usually quickly gives way to anger -- and anger often leads to a bitter fight over the estate. If you intend to disinherit one of your close family members, here are a few things to consider first:...
Setting up a trust based on age
There are many different types of trusts that you can use when doing your estate planning. If you have an heir with special needs, you can set up a trust to provide for them without making them ineligible for government assistance. If you have an heir who is going to...
Now is a great time to make your estate plan
If you have switched on the news or opened a paper in Michigan recently, one thing is clear: Many people are dying before they expect to. Knowing that you are going to die one day, it is essential to prepare for the unexpected. If you have time on your hands, this...
The powers and duties of a guardian
Guardianship is a significant responsibility. As a guardian, you are appointed by the court to help make key life decisions for another adult individual. This individual, sometimes referred to as the ward, must be incapacitated, meaning they lack the understanding or...
Why is undue influence a problem?
One reason for estate plan challenges is undue influence. Essentially, it means that one person influenced the other to change their estate plan, and that change financially benefited the first person. Rather than just accepting that this is a problem, you may find...
Financial and health care powers of attorney
An estate plan contains many elements aimed at making things easier for your loved ones after your death. But there also are parts that make circumstances easier for them, and you, while you’re alive. That starts with a power of attorney, which allows someone else to...
The responsibilities associated with estate administration
Scenario: Your best friend has approached you with a request to administer their estate once they have passed away. This is a great honor and it’s natural to feel good that your friend believes you are the best person to take on such an important role. You may be...
Know these points about paying estate debts
One of the duties of the estate administrator is paying the estate’s debts. Surviving family members should know that they aren’t responsible to pay the debts of their loved one as long as they weren’t a responsible person on the account. There is a specific order...