Prince Law Firm
Call For A Consultation
Toll Free 866-383-1125
Local 248-419-1968

Wills Archives

Understanding a living will for medical decisions

Many people are familiar with the purpose of a will. They understand that one of its primary purposes is to direct how assets will be distributed, and to whom, upon the will creator's death. Another important, yet commonly overlooked, element of estate planning is a living will. Although it is similar to a traditional will in that it is a written document with legal force, there are many differences between a standard will and a living will.

A specific and tailored approach to a will can be beneficial

Planning for death is a difficult but necessary part of life. Wills constitute a key component of end-of-life planning because it is important for people to have a way to make their wishes known in a legally enforceable way. Wills can address who will care for your children in the event both you and the other parent die while the children are minors. Wills can also address the distribution of personal property to beneficiaries, how your assets will be handled after your death, and who will manage your estate and/or make key decisions.

What are the requirements for legally valid wills?

Wills are an important way for people to manage their affairs after they are gone. These legal documents enable people to pass property on to beneficiaries, make charitable donations to nonprofit organizations out of their estate and avoid disputes between family members. However, in order to have a valid will and a better chance of avoiding a will contest, Michigan residents need to be sure that their will complies with the legal requirements for valid wills.

Study shows most want to leave inheritance, but few expect one

Michigan residents, like other people around the country, probably experience a range of emotions when they contemplate estate planning. Some of them probably prefer not to think about it because the thought of planning for one's death feels morbid. Others take the responsibility of estate planning very seriously, intent on leaving relatives--especially children, in many cases--an inheritance in their wills.

Preparing for your death with a will is critical

After a person's death, there are often a number of things that must be resolved in the process of settling affairs. The considerations and issues involved in settling a person's affairs are different depending on when he or she dies. For example, settling the estate of a wealthy person who died after a long life will require different things than settling the estate of a person who died while young with small children.

Will contest involves $2.7 million, prior beneficiaries and a cop

Michigan residents, like most people, want to be in control of their lives and what happens to them. The same holds true even in death. This is why many people write wills: to ensure that their wishes are carried out after their passing with regard to their personal property and other important issues. Unfortunately, there are many situations in which a will contest results when potential or expected heirs are not satisfied with the will's provisions or believe there may be problems with the will wording or creation.

Estate planning for Michigan same-sex couples: Creating a will

In our most recent blog post, we discussed an issue that might be on the mind of many Michigan residents: estate planning for same-sex couples. As we discussed, a number of legal matters become complicated for long-term couples who do not have a legally recognized marriage.

Estate planning: What is Michigan's standard for mental capacity?

In many ways, creating a will is a way for a person to establish his or her lasting legacy. By distributing assets through a trust to a non-profit organization or a loved one, a life's work can continue to have meaning well beyond an individual's passing. However, in order for that legacy to persist in an intentional fashion, the decedent's last will and testament must be considered valid.

How Can We Help You?

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy

Our Office

Prince Law Firm
800 W. Long Lake Road, Suite 200
Bloomfield Hills, MI 48302

Fax: 248-865-0640
Bloomfield Hills Law Office Map

Connect with us

  • Facebook
  • Twitter
  • Linkedin
  • Google+
VISA | Master Card | American Express | Discover Network