When someone dies and leaves a will that outlines how they want their assets to be distributed and the beneficiaries that should receive them, Michigan courts will generally accept the document as representing the decedent's wishes. In most cases, the probate court...
Leaving assets and property to heirs can be a complicated process, especially if you have considerable wealth. Yet, it can become even more challenging if family members are estranged from one another. Estrangement from a child, siblings or other family members often...
Deciding to lease a commercial property in Michigan is a significant step for any business owner. It is an exciting venture that brings the promise of growth, expansion and new opportunities. Not every commercial lease you come across will be in your best interest,...
If you own a company with a partner in Michigan, it's important both of you agree on a plan for moving forward while following appropriate business law practices. When you're having significant trouble agreeing about a particular issue, solutions are available....
Many people in Michigan visit dentists to receive needed care. Dentists spend a lot of time caring for their patients. However, these professionals must also take care of their estates. Estate planning for dentists involves completing several crucial steps. Protecting...
Did you know that 99.6% of Michigan’s businesses are small, and more than 48% of employees work for these companies? If you are like most people, you may have considered starting a business at some point. However, if you are like some of the most successful people,...
For individuals interested in investing in real estate, there are plenty of opportunities in Michigan. First, you'll need to decide if you want to purchase residential or commercial property. After that, you build a support team. Finally, you make an offer once you've...
A Lady Bird deed is an estate planning tool available to Michigan residents. Another name for this deed is an enhanced life estate deed. In addition to Michigan, the deed is available in Florida, Texas, Vermont and West Virginia. You should know a few things about a...
Trust fiduciaries manage and administer trusts on behalf of other people. To serve well as a trust fiduciary, it is essential to balance the financial interests of the trust with the wishes of the trust's beneficiaries. Furthermore, there are regulations to which all...
A Medicaid asset protection trust (MAPT) presents an option to people hoping to shield their estates from the expenses of long-term nursing home care. As an irrevocable trust, the MAPT permanently shifts assets out of your control and into the management of the...