Category: Trust & Probate Administration
There are many different types of trusts. The person who sets up the trust typically selects a trustee to manage it according to their specifications. That individual is a fiduciary, which means that they must administer the trust in the beneficiaries’ best … Continue reading
When your parents passed away, you and your siblings each inherited equal shares of the family home, some rural property that hasn’t yet been developed or a vacation home. At the time, it seemed like a great idea to keep … Continue reading
Following the death of a loved one, there are many tasks to tend to. You may have a funeral to plan, relatives to contact and personal belongings to sort through. Eventually, you will have to deal with your loved one’s … Continue reading
When it comes to estate planning, parents with more than one child often have a dilemma. Should they divide their estate equally among their children, or should they give more to some and less to others? Unfortunately, either decision could … Continue reading
The purpose of a will is to clarify how the estate owner wishes to distribute the assets in the estate after his or her death. Testators, those who write wills, must comply with Michigan laws for executing wills, but generally … Continue reading
When a loved one passes away and leaves a child or other presumed heir out of the will, it can feel like a betrayal. Even if the child had been estranged from the family or in a disagreement with the … Continue reading
When someone leaves behind a well-planned estate, he or she may never know the gratitude loved ones may feel for the generous gesture that spared them the frustration of a prolonged and contentious probate litigation. This may be especially true … Continue reading
When someone dies and leaves behind a controversial will, it is possible that disappointed heirs may wish to contest the will. This means they are willing to go through probate litigation for the court to decide whether the will is … Continue reading
When a person in Michigan prepares an estate plan, his or her will may indicate that certain bequests be made. These bequests may be made to family members, friends, charitable organizations or other recipients as indicated in the document. However, … Continue reading
Which estate planning tools do I need? This is a common question among Michigan residents as they look to the future and the best way to handle their property. There is often confusion regarding the need for a will, a … Continue reading