When planning an estate, choosing to create a trust can be a sure way of protecting assets. Planners may choose to draft revocable or irrevocable trusts. In Michigan, there are circumstances that dictate whether a person may challenge a trust. If you are wondering...
One of the earliest steps in the administration of an estate will involve creating an inventory of assets and financial liabilities. You will need this inventory to present to the probate court along with the last will and other important documentation. The inventory...
There are a variety of scenarios in which a change in life circumstances could leave you facing a need to reassess your goals for the future. Should you and your spouse choose to part ways, the end of your marriage could leave you facing a variety of difficult...
Some of those who have not yet done their estate planning simply have not found a compelling reason to get started. They know that they need a plan someday, but it does not seem all that urgent or important. They resolve themselves to the idea of doing it later. This...
Estate planning is, in part, the process of passing assets to your heirs. You need to create a plan to do this effectively. Common assets include the family home, a life insurance policy, your investment portfolio, your bank accounts and the minor assets at your home,...
When you’re accused of a white collar crime, it should be a very serious moment in your life. These charges could result in a conviction and sentence with potential jail time and heavy fines. Now is the best time to start working on a defense, because you want your...
When you think about the last time you looked at your estate plan, when was it? Was it when you first created it? Did you update it or review it since then? It’s a good idea to take a look at your estate plan, even if you don’t need to change it, when you...
One of the functions of your estate plan is to help provide for your loved ones as much as possible after your death. There are several elements to an estate plan that can do this. Two primary ones include your will and any trusts. When the estate plan goes through...
Most individuals are generally familiar with what estate planning entails. It involves a person sitting down with an attorney to draft a will, power of attorney, health care directive or other legal documents. These guide your loved ones, doctors and financial...
After taking the time to create an estate plan, you feel that you have everything in order. It gives you and your loved ones the peace of mind that, if something happens to you, your plan will guide them through the probate and estate administration process.However,...
Prince Law Firm
800 W. Long Lake Road, Suite 200
Bloomfield Hills, MI 48302
Bloomfield Hills Law Office Map
Fax: 248-865-0640
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Prince Law Firm
800 W. Long Lake Road, Suite 200
Bloomfield Hills, MI 48302
Bloomfield Hills Law Office Map
Fax: 248-865-0640
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