Understanding the Differences Between Wills and Trusts
Estate planning is crucial to ensure that your assets are distributed according to your wishes after your passing. In Michigan, wills and trusts are the two most common estate planning tools. Both have distinct differences that make them suitable for various...
Essential Guide to Michigan Power of Attorney for College Kids
As parents, ensuring our children's well-being is a top priority, even as they go on their college journey. One crucial aspect of this is establishing a Michigan power of attorney, which grants parents the legal authority to decide for their child in certain...
Keeping Michigan’s Roads Safe: Driver Assessment Process
When a driver’s ability to operate a vehicle is compromised due to various factors such as age, health, etc. It is a significant risk not only to that individual but others on the road. In Michigan, there are many procedures put in place to report unsafe driving and...
Top Reasons to Hire a Michigan Estate Planning Attorney
As we navigate through life's journey, it's essential to plan for the future and ensure our loved ones are taken care of, even after we're gone. Estate planning is a crucial aspect of this preparation, and hiring a qualified Michigan estate planning attorney can make...
How can you resolve an inheritance dispute?
Even with proper estate planning, disagreements can occur. In these cases, follow these best practices: Hire a mediator This neutral third party can help family members productively work through differences and typically costs less than a legal battle. Liquidate all...
How to avoid inheritance disputes
Inheritance disputes can be time-consuming, expensive, and emotionally taxing on the surviving family. Fortunately, proper estate planning can help reduce and even prevent disputes from happening. How to avoid inheritance disputes Talk openly and honestly with family...
6 big causes of inheritance disputes
Several factors can lead to inheritance disputes, including: When there’s an inequality in the will An inheritance dispute can occur if a family member wasn’t included in the will or felt another member was favored over the others. This often happens among siblings if...
What are inheritance disputes?
An inheritance dispute occurs when the beneficiaries of a will disagree about how the person’s estate should be divided. How long does an heir have to claim their inheritance? The executor or trustee of the estate is responsible for informing beneficiaries of their...
How to get a will
In this section, we’ll cover everything you need to know about obtaining a living will yourself. Where can I get a will? Depending on the state of your affairs, you may decide to DIY it or hire an estate planning attorney. If you can DIY it, check with your state’s...
When should I get a will?
The best answer to this question is “as soon as possible.” No one knows when their health could fail them and they could become incapacitated. For example, you could suffer an unexpected stroke or get in a car accident tomorrow. When it comes to important health...