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Creating an estate plan is crucial for ensuring that your assets are distributed according to your wishes after you pass away. When it comes to the act of estate planning, there are common mistakes that many individuals make that ultimately cause their legacy and...
Most people’s estates pass through probate when they die. This is a process whereby the court supervises an executor’s execution of the deceased’s will or intestate process. Some people prefer to avoid probate altogether, and there are several legitimate ways to do...
Violent crimes encompass a range of unlawful activities characterized by the use or threat of force against individuals or property. This category includes but is not limited to offenses such as assault and domestic violence. The severity of these crimes varies, with...
Assigning one or more people powers of attorney authority is a crucial element of your estate planning. You need someone able to handle financial and legal affairs on your behalf and someone to speak on your behalf regarding health care choices in the event that you...
If you are a parent of minor children, you should name a guardian for them in your estate plan. This person can step up and raise them if you die before the children reach the age of majority. In most cases, your co-parent (whether they are your spouse or not) will...
If you have been accused of committing arson, it’s important that you examine all possible defense options. Michigan divides arson charges into six categories (first to fifth-degree arson plus arson of insured property) based on their seriousness. All but fifth-degree...
A will is a basic estate planning document most people use to outline their wishes concerning what should happen to their property after they die. While there are several estate planning alternatives that also serve this purpose, in many cases, a will is sufficient....
Divorce can be hard on a couple’s finances, likely leaving both of them worse off financially than they were before. However, this setback can be worth the fallout because of the emotional benefits a divorce can inspire. Yet, that doesn’t mean that you should walking...
If you own a pet, you should consider what will happen to it when you die. This is especially important if you expect the animal to outlive you, but as death can come at any time, it’s something any pet lover should consider when creating their estate plan. Unlike the...
Many loving parents who have built up considerable wealth are wary about leaving it to their children. They might worry it could leave them little motivation to pursue their own success through hard work. They might even worry that a large inheritance could prove...