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May 2019 Archives

Goals can keep you focused during child custody situations

People who are coming into a co-parenting situation might not know exactly what it will entail. While there are many things that can help you to do this, one of the most important is for you to set goals. These goals should cover all aspects of parenting so that you can focus on them no matter what is going on at the time.

What are charitable trusts?

Many people have special causes they give to over the course of their adult lives. Perhaps you want to continue that giving by making sure a Michigan charity or foundation receives some of your assets after you pass away. With the help of some smart estate planning, you can do just that through the use of a charitable trust.

What is a QDRO?

During a divorce in Michigan, it is necessary to divide shared property fairly between you and your ex-spouse. Some assets may be easier to divide than others. For example, with a shared checking or standard savings account, it may be a simple matter of closing the account and dividing the money equally, but the same does not hold true for a retirement account because tax penalties can arise from early withdrawal. Division of retirement savings accounts often requires the court to issue a qualified domestic relations order.

What happens during probate?

Probate is the process of proving a will's validity and distributing assets to heirs. It can often be a complex process, especially when the deceased owns a lot of property or has a number of assets in his or her name. The Balance explains what you can expect during the process, so you and your family will be properly prepared. 

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