Estate Planning Myths: Estate planning can be a very difficult process. While it’s not brain surgery, making the decision to move forward with the planning requires us to face the fact that we will not live forever. This thought can stop many people right in their...
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Probate
Its hard to get RESPECT in Probate.
Intestate, Intestacy, and dying without any estate planning. Aretha Franklin did not have a will??? Several news organizations are reporting that the very private Aretha Franklin failed to put a trust in place to protect her privacy after death, but also failed to put...
Why a Trust Is the Best Option for Avoiding Probate
Trust: Probate Avoidance 101 As Ambrose Bierce once darkly observed, “Death is not the end. There remains the litigation over the estate.” Obviously, ideally, when someone passes away, the paperwork and material concerns associated with the estate are so flawlessly...
The Pros and Cons of Probate
In estate planning circles, the word “probate” often comes with a starkly negative connotation. Indeed, for many people — especially those with larger estates — financial planners recommend trying to keep property out of probate whenever possible. That being said, the...
Estate Planning Lessons from Famous Estates
What These 4 Famous Estate Planning Debacles Can Tell You About Proper Planning Are you failing your family the way these 4 celebrities failed theirs? These four celebrity estate planning fiascos offer lessons about how to handle your own planning and legacies. Pablo...
So you have been appointed Personal Representative or Successor Trustee, Now what?
What To Do After a Loved One Dies and you are the Personal Representative or Successor Trustee If you’ve been appointed an personal representative of a loved one’s estate, or a successor trustee, and that person dies, your grief – not to mention your to-do list,...
Probate
Probate Probate in Michigan Probate has become the modern bugaboo. However, it is not as bad as some make it out to be. It has particular advantages and disadvantages that require a thoughtful evaluation to determine if they are right for an individual. A better...