The renowned performer Prince died without leaving a will. The battle among heirs and others is ongoing in Minnesota but has estate planning lessons for Michigan families who want their wishes and legacies preserved after they die.The performer had an estate with an...
Michigan Legal Leaders Providing Personal Attention
Month: April 2018
The many benefits of a pour-over will
If your Michigan estate plan includes a living trust into which you have placed most if not all of your assets but you have not yet executed a pour-over will, you are missing a crucial piece of your estate plan. Without a pour-over will, your entire estate may not in...
LGBT community facing long-term care fears
Financing and obtaining long-term nursing home care and medical treatment is concerning for people who are planning for their old age. A recent survey also indicates that lesbians, gay, bisexual or trans Americans are worried that the now-accepted LGBT label still...
Wills may have limited shelf life
Keeping wills locked away in a strongbox and forgotten may have unintended consequences. These documents must reflect current circumstances.Marriage, divorce, birth of a child, death of relatives and other significant life events require review of the will. These may...
Key factors of proper estate plans for new parents
More people are becoming aware of the benefits of having a proper estate plan. Not only does it solidify the distribution of the estate, but it can also help to create a peace of mind for the estate holder. For parents, an estate plan may be critical in securing the...
Trusts are useful alternative to wills
A will is an invaluable part of estate planning. However, trusts can take care of financial matters even before death and have other benefits such as faster distribution of assets, prompt payment of bills and confidentiality.Income does not create the advantages of...