Closing and Reopening a Decedent Estate in Michigan

Closing and Reopening a Decedent Estate In Michigan

If you are currently facing the legal aftermath following the passing of a loved one, you are sure to have questions. Whether you are an heir, a beneficiary, or have been named as a personal representative, it’s important to understand the ins and outs of the process that the deceased’s estate succumbs to in the […]

What are the Differences Between Heirs, Beneficiaries, and Devisees?

Heirs, Beneficiaries, and Devisees

What’s the difference between an heir and a devisee? Do you know what it means to be the beneficiary of a trust? Whether you are getting started with estate planning or facing the legal aftermath following a loved one’s passing, you’re sure to encounter many unfamiliar terms and concepts along the way. One area where […]

Can You Contest the Beneficiary Designation on a Life Insurance Policy or Retirement Account?

Contesting the Beneficiary Designation on an Insurance Policy or Retirement Accoun

Here in Michigan, many people use beneficiary designations as a way to transfer some of their most important assets outside of probate — including retirement accounts, life insurance policies, annuities, brokerage accounts, bank accounts, and other securities.  Indeed, for many estates, these nonprobate assets can constitute a large portion of what the decedent distributes to […]

Understanding the Important Responsibilities of a Trustee

The Duties and Responsibilities of a Trustee in Michigan

Dealing with the legal aftermath of a loved one’s passing can become complex, emotional, and time-consuming — particularly if you are named to serve as a trustee during the administration of your loved one’s estate. Put simply, a trustee is the person responsible for managing and distributing any of the assets held in a trust, […]

Probate Vs. Nonprobate Assets

Probate Vs. Nonprobate Assets

When an individual passes away, their property must be gathered and distributed in line with their wishes and all applicable state laws — a process that is commonly referred to as probate.  If you want to simplify or avoid the Michigan probate process for your estate, one important aspect to understand is the distinction between […]

The Importance of Estate Planning During COVID-19

The Importance of Estate Planning During COVID-19

The ongoing outbreak of novel coronavirus COVID-19 has spread concern and uncertainty around the globe. The pandemic has also underscored the vital importance of looking to the future, and planning ahead for whatever may come your way. As a result, many people here in Michigan and across the country are considering the necessity of estate […]

Serving as a Personal Representative: What You Need to Know

Serving as a Personal Representative: What You Need to Know

Losing a loved one can be an incredibly difficult and stressful time. On top of dealing with the grief of your loss, it’s also important to consider the legal aftermath your family must face as your loved one’s estate moves through the Michigan probate courts. Estate administration and probate can become even more complex when […]

Understanding 10 Common Types of Trusts In Michigan

Understanding 10 Common Types of Trusts in Michigan

Preparing a comprehensive estate plan can help ensure that your most important assets will be managed in accordance with your wishes both during your lifetime, and after you pass away. Just as crucially, your estate plan can help ensure that your loved ones will be supported during a difficult and emotional time. Here in Michigan, […]

Joint Tenancy Vs. Tenancy in Common Vs. Tenants by the Entireties

Joint Tenancy Vs. Tenancy In Common Vs. Tenancy By the Entireries

Whether you’re a married couple buying a home together; family members planning to share a vacation home or cottage; or business partners ready to purchase and develop an investment property, it’s important to understand the different ways in which real property may be co-owned here in Michigan. There are multiple forms of co-ownership for real […]