Oakland County MI Estate Planning Law Blog

The loss of a beloved family member can be difficult for a Michigan resident. As they work through their emotions and manage the decedent's end-of-life plans, they may begin to think about what will happen to the decedent's possessions and property. When a person dies, the things that they own become part of their end-of-life estate and that estate must be managed and distributed.

If the decedent had a will, then that document may dictate what happens to the things they owned. However, if problems exist in the will, then it may be subject to challenge. This post will briefly discuss some of the ways that wills may be challenged, but its contents are neither comprehensive nor intended to be read as legal advice. Questions about probate and will contests should be directed to an attorney.

For some, thinking about the future comes natural to them. They have certain hopes and desires, and they want to takes steps to ensure that these fall into place and are protected. In contrast, some individuals in Michigan and elsewhere do not like thinking too far into the future, especially if it means thinking about their demise. Because death is a part of life, it is often something one needs to consider, even at a young age. This is why drafting a will can be a very important step to take, as it can memorialize one's wishes in writing when it comes to their property and assets and what will happen to them after their death.

The attorneys at Prince Law Firm are dedicated to helping individuals in the Detroit area understand how important a living will can be. This legal instrument allows one to express their wishes, making a statement to those they care about at the time of their death. Our goal is to help our clients memorialize these wishes in writing.

As your parents get older and their health declines, you may feel concerned about their welfare, especially if you live far away. Moving closer to them or having them live closer to you may not be viable options.

The good news is that you can still help your parents, even from afar. Follow these tips on providing care long distance.

Changes to the federal tax laws in 2017 increased estate exemption amounts and provided other benefits for a trust. But, this law is complex and may expire in 2025, if not earlier. Because of this unpredictability, trusts may need more flexibility.

In addition to dealing with the potentially changing tax laws, flexibility also helps deal with changes with a family's circumstances, finances and various laws and regulations. If trusts are unable to deal with certain circumstances, a court may become involved and make amendments. This can absorb money and time.