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Estate Administration & Probate Archives

Michigan litigation continues in Rosa Parks probate case

Oakland County residents may be familiar with the ongoing probate dispute over the estate of Rosa Parks, the well-known civil rights icon who died in 2005 with an estate valued at roughly $9 million.

With complex families comes complex estate administration

Michigan residents may be aware of the challenges involved when a person inherits assets. For example, discussions of recent high-profile celebrity deaths often quickly turn to the question of who will raise the kids and get the millions. Most of these celebrities even had wills, but that does not necessarily prevent subsequent disputes over the content of those wills.

Dispute over Rosa Parks estate in Michigan continues

A battle over the estate of Rosa Parks has made for big news in the world of estate planning. Civil rights legend and pioneer, Rosa Parks died six years ago, but the battle over her $8 million estate continues to this day. Late last year, this blog discussed the Michigan Supreme Court's decision to overturn an earlier ruling regarding the Parks estate. But now, the Michigan Supreme Court has released the details of a confidential settlement reached between the battling parties in 2007.

Estate planning is not a matter to be put off any longer

As baby boomers in Michigan grow older, asset protection and estate planning matters become increasingly important, and the good news is that now is an excellent time to begin estate planning.

New proposal aims to change requirements for IRA transfers

Michigan residents might have seen in the news that there may be changes to the law regarding inherited individual retirement accounts, or IRAs. The U.S. Senate Finance Committee Chairman, Max Baucus, has proposed stricter requirements for the transfer of IRA assets to beneficiaries. For now, however, the chairman said he would pull back from trying to officially alter the law.

Researchers: new treatment possible for Alzheimer's disease

Many readers in Detroit and throughout Oakland County are responsible for protecting the assets of vulnerable adults who suffer from Alzheimer's disease or some other form of dementia. These older adults are often especially vulnerable to being financially exploited, and if loved ones find out that undue influence or coercion has impacted the writing of a will, then the need for a will contest or some other form of probate litigation may arise.

Michigan probate ruling overturned in Rosa Parks case

Oakland County residents will be interested to hear of a recent court ruling with regard to the estate of the late civil rights icon Rosa Parks. In what was said to be a sternly written order, the Michigan Supreme Court overturned a previous decision handed down by a Wayne County probate judge and the Michigan Court of Appeals. The original probate dispute centered on a $10 million memorabilia collection and the intellectual property rights of the late civil rights activist.

Updating trusts and guardianships for Michigan residents

For many Oakland County residents, estate planning is a crucial aspect of financial management. However, mistakes in the estate planning process happen all too frequently. There are some especially common mistakes that a majority of people make when hashing out their estate plans. Whether it involves guardianships or trusts, an estate plan can cause a multitude of problems if due care isn't taken in establishing details.

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