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 Administration & Probate
What is a big estate planning mistake to avoid at all costs?
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...
How does a person disclaim their inheritance?
Many Fowlerville area residents assume that by the time they create their estate plans or die, they will not need to worry about what happens if one of their beneficiaries' refuses their inheritance. It is not often you hear about people passing up their share of a...
Why is it important to update my estate plans?
One thing that many people in the Fowlerville area fail to take into consideration about their estate plans is updating them. Estate planning is not something that you do one time and never have to deal with again. As long as you are alive, you will experience events...
When court appointed guardians highlight issues with elder law
Many families choose to establish a guardianship to protect vulnerable individuals who are no longer able to care for themselves. Guardianships can help keep a minor child, aging adult, disabled loved one or incapacitated adult safe from abuse. A guardian can be...
For estate plans, start with focusing on yourself
There are two main misconceptions when it comes to estate planning. The biggest one is that estate plans are only for the wealthy, or those whose assets are in the high six figures to seven figures and upwards. The second biggest misconception is probably even more...
Accessing online assets during probate
In 2007, Microsoft completed a study revealing that people who used the internet had an average of 25 digital accounts. These included online banking, social networks and a variety of others. This study took place a decade ago, and in that time, technology has...
How debt is handled during estate administration and probate
Anyone chosen to be the executor of an estate may find out quickly it is not an easy job. The many duties of the executor include gathering the assets and securing them until Michigan estate administration and probate are complete. However, a less commonly known job...
Estate and probate administration complicated by lost heir
In many cases, after a loved one dies, probate goes smoothly and assets are distributed to designated heirs within a few months. However, what happens during estate and probate administration when an heir cannot be located? Since the executor of an estate must make...
Risking estate administration and probate without legal help
When a family remains close, it is common for grandparents to want to leave a little something for their loved ones. Those in Michigan who have particular wishes for their assets create a will or trust by speaking with an attorney with experience in estate...