Trust Protectors: Right for My Trust?
A Trust Protector may be a terrific option for many families who already have a trust or are creating a trust. A Trust Protector is someone who is appointed to watch over a trust that will be in effect for a long time and ensure that it is not adversely affected by any changes in the law or circumstances.
Where in Michigan Can You Spread Cremated Remains?
I am often asked what are the legal and religious issues regarding the keeping, transporting and spreading of ashes here in Michigan? In response, I thought it best to pass along some information.
Lady Bird Deeds in Michigan
About 20 years ago, we started seeing the use of Lady Bird Deeds here in Michigan. These deeds are also called "enhanced life estate" deeds.
Living with Mom
The idea of having Mom move in with an adult child, or an adult child moving back home, seems like an ideal solution at the start. They can share expenses, and having a child in the home will lessen the chance of ever needing nursing care. Right? That is what the other family members are told. But unfortunately, it rarely works out in everyone's best interests.
The Ultimate Guide to Reviewing Your Estate Plan
Your estate plan is an investment in you and your family's future. As years pass by, your family will grow, your assets will change, and new laws will be passed. Everyone should review their estate planning documents at least once every year.
Be Careful Changing Your Estate Plan
However, it’s important to keep in mind that changing a will is not a “do-it-yourself” process. Generally, any changes to your will or trust must be made with the same formalities as the original document itself, including witnesses and signatures.
How divorce and remarriage affect Social Security
Many people are aware that seniors are entitled to collect Social Security benefits that are calculated based on their spouse’s work record. What’s less well-known is that this benefit applies in many cases to divorced spouses. In fact, ex-spouses may even be entitled to survivor’s benefits in certain circumstances.
A Grief So Great: The John Porter Bowman Trust
Trusts can be used for all kinds of purposes. One successful businessman, so grief-stricken over the loss of his wife and 2 daughters, used his trust to prepare for their reincarnation.
What to Do If You Win the Lottery
In my nearly 30 years of law practice, I have been called 3 times to assist a client who has won more than a million dollars in the lottery.
Robin Williams was Serious About One Thing: Estate Planning
People were shocked to learn of the death of Michigan native, and comic legend, Robin Williams this past summer. In this article, we will look at the 5 strategies he used to protect his wife and children, avoid probate and taxes, fund his plan, and potentially leave a multi-generational legacy.
The Last Bad Act of Actor Phillip Seymour Hoffman
Philip Seymour Hoffman left his family with a mess. An out-of-date will, unnecessary taxes, disinherited children, strange provisions, all exposed in very public Probate - and all of which could have been avoided. Here are 5 significant lessons from his last bad act.