Gormley and Johnson Law Offices, PLC
Begin Taking Charge Of Your Situation.
Call 517-219-9301

Posts tagged "Wills & Trusts"

Reasons to update your will

If you have a will in Michigan, it is important to update it in certain situations. Big milestones are obvious reasons to make changes, but there are also reasons that may not be as obvious, so it is important to review your estate on a regular basis to make sure everything is planned for correctly.

Divorced parents feud over daughter's remains

Many in Fowlerville often ask when is the ideal age to prepare a will. Unfortunately, there may not be an easy answer to that question. Some (especially teens and young adults) may see no need to prepare a will due to the fact that they do not have significant assets to dispose of. Yet while one of the main purposes of a will is to detail how one wishes their assets and properties to be dispersed amongst their designated beneficiaries, it can also dictate what one wants to be done with their most prized possession: themselves. 

What are some tips for dividing the family farm?

When you own your own business in Michigan, it can make estate planning more difficult. Things may get even tougher if you own a farm. Dividing the family farm can be a very sensitive issue to broach with your loved ones because everyone has a stake in what happens with it. So, as you start your estate planning, here are some tips to keep in mind from NorthernAg.

What is a living will?

There are different types of wills that you may have in Michigan. One of those is a living will, which is defined by U.S. News and World Report as document that states your wishes on how your health care should be handled if you become incapacitated and unable to express what you want. A living will is often called an advance health care directive.

What is required to create a legal will?

You probably have heard that having a will is a very good idea. It will make things much easier on those you leave behind when you die. It helps the state know what to do with your assets and can be used to assure minor children are taking care of according to your wishes. Of course, for a will to be valid, it must be legal and meet the conditions of Michigan law.

What is a statutory will?

Under Michigan law, there are options in the type of will you can create. All wills have to be drawn up according to the law. As explained by the Michigan Legislature, one option is the statutory will. This type of will has limits on what you can do with it. 

The definition and benefits of a holographic will

Regardless of a person's age, financial status or obligation to dependents, the decision to organize and articulate a will is one of the best decisions that anyone can make. A person's decision to invest in his or her future and create a meaningful plan for his or her heirs to follow in distributing property, assets and wealth is an excellent way to avoid tension following death. People in Michigan who are interested in finalizing a will may be faced with the task of deciding which method is going to work best for them. 

Numerous fiduciaries are involved in estate administration

For those in Michigan with little experience in matters of estate planning, the terminology associated with it may be intimidating enough to repel some from investigating the benefits. Nevertheless, because planning one's estate is important, it is worth gaining an understanding of some of the most common terms involved. For example, a fiduciary is someone entrusted with interests of another person, such as someone's stockbroker or attorney. In estate planning, there may be numerous fiduciaries.

Wills and trusts carry legal protections

Aaron Hernandez died under a cloud of dishonor, committing suicide after one court convicted him of murder and leaving his estate in debt to the tune of at least $1 million. However, there is evidence that some of his final acts may have been to protect his 5-year-old daughter. As many Michigan parents use wills and trusts to establish a secure future for their children, it seems Hernandez may have attempted the same, although his motives are in question.

  • 2016 Client Satisfaction Award
  • LC | Lead Counsel Rated
  • 10 Best 2015 Client Satisfaction | American Institute of Family Law Attorneys TM
  • Avvo Top Contributor 2015 | Divorce
  • National Association of Distinguished Counsel | NADC | Nation's Top One Percent
Email Us For A Response

How Can We Help You

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy

This site uses Google's Invisible reCAPTCHA, which is subject to Google's Privacy Policy and Terms of Use.

Office Location:

Gormley and Johnson Law Offices, PLC
101 East Grand River Avenue
Fowlerville, MI 48836

Toll Free: 888-288-5LAW
Phone: 517-219-9301
Fax: 517-223-8233
Fowlerville Law Office Map