If you're thinking ahead about your estate planning and are concerned about the possibility of someone challenging your will and slowing down the administration of your estate, these are important considerations. Most people who pass away in MI leave b
When you pass away, your affairs must be closed out with the help of the courts. This involves appointing a person to handle your Michigan probate and all the related administrative tasks. The length of a probate case depends on multiple different fact
Creating a will likely means that you’re going to include some or all of your children in it with the intention that you will be around for many years to come. Since children are not able to inherit most property directly, you’ll want to know what happens
As you budget for retirement and the possibility of long term care, these concerns intersect directly with planning for your estate. Since you’ll have unique needs of your own and goals with your estate planning, it’s a good idea to know what you’re heade
One of the most common reasons to select a living trust in Michigan is to ensure that your wishes are properly followed during the course of your life and after you pass away. Property that is stored inside a living trust does not go through probate co
If you're young, single, and don't have a large number of assets, you might think that it's fine to skip having a last will and testament. Far too many family members, however, discover when it's too late that wills are not just for the rich and famous.
There are many different life circumstances that might prompt you to update an existing will. Making changes to your will is relatively simple so long as you understand the legal impacts of updating your document. A few different kinds of wills are legal
A generic power of attorney document, such as those provided by online forms that are easily downloaded and filled out, may not contain the necessary limitations that you intended. This means that by default, your power of attorney agent may have broad po
Many people avoid bringing up the subject of estate planning or even money with their children but significant wealth will be transferred to generation X in the coming years. It is anticipated that over $68 trillion will change hands within the next few d
There's certainly a clear path going forward for your estate planning documents after a divorce is finalized. After all, many of the key questions about who owns or will take what out of the divorce will have been answered. But there's also a good chance
