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Losing a loved one is stressful, and the prospect of navigating probate can be overwhelming. In Michigan, the Estates and Protected Individuals Code provides an alternative to probate for small estates not exceeding $50,000.00. In these cases, an aff…
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Getting married is one of life’s great milestones. It’s a time filled with excitement, meticulous planning, and unbridled optimism about the future. While your love for each other is what led to the decision to get married, taking some legal step…
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When thinking about Valentine’s Day, most couples put a lot of thought into romantic gestures like flowers, heart shaped boxes of chocolate, and candlelit dinners. One thing you might not have thought of is discussing your estate plan. In fact, cre…
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All parents want to make sure their young children are taken care of if the unthinkable happens. In addition to ensuring that their estate is used to take care of their children, parents will also need to include in their estate plan the nomination o…
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No one wants their loved ones to argue after they are gone. Meeting with your family now to discuss your estate plan and the reasons behind it can help prevent conflicts and tension in the future. As you go through the estate planning process and fin…
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If you have been named trustee of a loved one’s trust, you may be wondering what is involved in trust administration. Trust administration is the crucial process of properly managing and distributing the trust’s assets in accordance with the wish…
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Sometimes married couples creating trusts want to have a little more control over their assets after one of them is gone while still making sure to take care of the surviving spouse. A qualified terminable interest property (QTIP) trust serves the du…
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Everyone’s life is marked by various stages, and proper estate planning may mean different things at different ages. In general, estate planning needs differ based on one’s place in their individual life journey. When you are a college student wi…
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You took all the right steps. You set up your estate plan, made sure your final wishes were clear, and provided for your beneficiaries upon your passing. But what happens in Michigan when your beneficiary passes away before you and you don’t update…
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Many people have an estate plan on their to-do list, but what happens if you do not get around to it before you pass away? The answer is that your loved ones could face several problems that lead to wasted time, expense, and conflict amongst themselv…
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