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April 2012 Archives

Should Michigan business owners consider trusts?

When Oakland County residents think of establishing a trust, they may think of one aspect in particular: trusts are complicated. While that can be true, the real benefits of trusts are worth the effort when it comes to tax planning or protecting an inheritance. This is true not only for individuals thinking of individual estate planning; trusts can also be an extremely useful for small business owners who intend to eventually pass their business and assets on to beneficiaries.

Michigan officials propose long-term care system

Elderly citizens in Michigan may soon see more options for long-term nursing home care. State health officials plan to file for approval of a system that aims to better manage long-term care for seniors who are eligible for Medicare and Medicaid.

What happens to your assets if you don't have a will?

Previous posts have mentioned that Michigan is one state making progress on the simplification of estate administration and distribution of assets. Estate administration is hard enough without having to work around complex state laws and requirements.

Michigan litigation continues in Rosa Parks probate case

Oakland County residents may be familiar with the ongoing probate dispute over the estate of Rosa Parks, the well-known civil rights icon who died in 2005 with an estate valued at roughly $9 million.

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