A person may own a lot more than they initially think. For example, a Michigan resident who does not own a home and has a modest income may not believe that they actually need an estate plan. However, they likely have many items of personal property, checking and...
Michigan Legal Leaders Providing Personal Attention
Month: October 2018
Estate planning is important
The failure to have a will in Michigan is not an absolute disaster, especially when a decedent wanted to have an outright distribution of assets to their children.If there is no surviving spouse, Michigan law will allocate their share to a child even if there is no...
Do you need a generation-skipping trust?
If you are a Michigander seeking ways in which to pass your estate down through your family, you may wish to consider establishing a generation-skipping trust. These trusts generally designate your grandchildren as beneficiaries, thereby bypassing your children and...
Wills have strict requirements
Disposing of property and assets after death must be done following strict legal requirements. To avoid legal disputes, wills must comply with numerous legal requirements. First, rules govern their signature and execution. While these rules may appear unnecessarily...
Estate planning and small business
People put an estate plan in place to help ensure that their personal assets and property are properly and quickly passed on to heirs and beneficiaries. Estate planning is also recommended for key personnel of a small business to help assure that it can continue...