Here are some factors to consider when marrying, or remarrying, later in life. Should You Have a Prenuptial Agreement? In most situations, the answer is yes, particularly if you and your betrothed have children from previous marriages, a disparity in fi
Family Feuds—When Heirs Fight Over Assets With Sentimental Value
When we think about heirs fighting over assets, it is the big ticket items that typically come to mind, such as the family home, investments, bank accounts and the like. However, it is often items of sentimental value—a mother’s necklace, for example, or
Introducing Guidr – Online Estate Planning with your Local Attorney!
Have you ever thought: “I’m too young to need an estate plan.” “It’s easier for me to research and create my own estate plan, rather than sitting down with a lawyer.” “I don’t have enough stuff to worry about Estate Planning” “I don’t have
What is a Pour-Over Will and How is It Used?
A pour-over will is a type of last will and testament typically used in trust-based estate planning. Unlike a traditional will, which directs how your property will be distributed to beneficiaries, a pour-over will states that assets not funded into your
What’s Required to Challenge a Will in Michigan?
If you're thinking ahead about your estate planning and are concerned about the possibility of someone challenging your will and slowing down the administration of your estate, these are important considerations. Most people who pass away in MI leave b
Who Really Needs a Will in Michigan?
If you're young, single, and don't have a large number of assets, you might think that it's fine to skip having a last will and testament. Far too many family members, however, discover when it's too late that wills are not just for the rich and famous.
What You Need to Know About Making Changes to a Will in Michigan?
There are many different life circumstances that might prompt you to update an existing will. Making changes to your will is relatively simple so long as you understand the legal impacts of updating your document. A few different kinds of wills are legal
Do I Really Need to Create Last Instructions with My Will?
Everyone is aware of the potential repercussions of not having clear instructions for your personal information and your records if you were to pass away. But it's also one of those easy things to kick off into the future and assuming it's not relevant to
Living Will or a Durable Health Care Power of Attorney: What Do I Need?
Most people recognize that their estate plan at a minimum must include a last will and testament but there are a few other documents that you should consider putting in place to ensure that your wishes are known and protected in the event this is needed.
These Are the Situations That Should Absolutely Prompt You to Update Your Will
You’ve created your will, stored it in a fireproof box, and made sure that your estate planning attorney and other relevant stakeholders had access to it. This doesn't mean that you can forget about the importance of updating your will as different life e