When people think of estate planning, they probably think about assigning their traditional assets to the people they love. Michigan residents want to make sure there is a plan in place so that their loved ones get important assets like homes, real estate, investments and cash. Other personal property is also assigned in an estate plan. This plan helps a person know that the person's family will be taken care of should the unfortunate occur.
When Michiganders think about their death, they likely hope that they will be able to leave their family with many assets. They likely intend to have their affairs in order so that their family does not have many financial issues to deal with. Michiganders hope that their assets can be quickly distributed to their loved ones without legal hassles. However, in reality, life is messier than this. Even with estate planning, there can be legal and financial issues that arise during the administration of an estate.