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Michigan residents like you who are starting to work on your estate or will have several things to do first. Among them is choosing an executor. This is one of the key pieces to managing your estate. They will handle your matters after you pass away. Because of that,...
Many people may feel estate planning to be unnecessary as they assume their assets will simply flow to their surviving spouse after they die and, then, eventually to their children. However, in a blended family, this flow of assets may be less than clear or confirmed....
Estate planning experts encourage Fowlerville residents to be transparent when drafting their estate planning instruments. The purpose of such advice is to help avoid you and others from feeling blindsided if and when one’s desires do not meet your expectations. When...
Most in Fowlerville will likely agree that it is important to have a plan in place for accounting for the distribution of one’s assets when they die. Yet despite recognizing this, many American adults still do not have a will (indeed, per information shared by the...
A complete Michigan estate plan does not just inform your heirs of what they will receive after you die. It will also provide instructions for certain situations while you are still alive. In particular, the estate plan should include documents that explain your...
When you become the executor of someone’s Michigan estate, you may feel overwhelmed. Probate often can present challenges for which you are unprepared.The American Bar Association has provided a list of common questions posed by executors and the answers to...
While creating an estate plan is crucial, having a will or trust in place is really just the beginning of the process. With some families, heirs come into conflict about the decisions made by the deceased, which can incur both time and money when it comes to legal...
If you need a will drawn up, you may be tempted to have a friend or relative help you do it so you can save money on paying an attorney. However, due to Michigan laws, you probably should not do it. According to the State Bar of Michigan, letting a non-lawyer draft...
It is common for people to believe that estate planning is only for those with a lot of money or large assets. However, an estate plan can be for anyone in Michigan. In fact, even you do not have a lot of money, there are some times when a plan is very important....
Estate plans are critical to prevent the issues that can delay or prevent the transfer of one's assets to future generations. Many people in the Fowlerville area do not realize that their estate plans may not be enough to keep their loved ones from squabbling...