Readers in Oakland County likely already realize that a will is a primary estate planning tool. A will can be the bedrock around which all other estate planning devices revolve. Wills are known for helping estate planners avoid intestacy and carefully designate how...
Michigan Legal Leaders Providing Personal Attention
Month: May 2012
Probate litigation over Gary Coleman’s estate enters trial phase
Our Detroit-area readers may be familiar with Gary Coleman, the actor who starred in the television show "Diff'rent Strokes" from 1978 until 1986. Coleman died in 2010 at the age of 42 following an accident at his home that resulted in a serious brain injury. At the...
How would Michigan residents benefit from LLCs and trusts?
There is a plethora of estate planning options for Detroit residents who want to avoid probate litigation and reduce personal liability. Neither lawsuits over personal property nor family strife pertaining to the distribution of assets are desirable consequences of...
Estate planning mistakes Michigan residents should avoid
Detroit-area readers may have noticed that previous posts usually mention the need for a comprehensive estate plan. Whether your goal is to avoid litigation between family members, ensure your wishes are followed in the distribution of your assets, or set up long-term...
Is Michigan facing a long-term care crisis?
Previous posts have encouraged Michigan residents to account for long-term care when developing an estate plan. It is often one of the most overlooked aspects of future-needs planning. Arranging for long-term care often includes scheduling affairs to ensure elder...