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Wills vs. Trusts: Which One Is Right for You?

When it comes to safeguarding your family's financial future and ensuring your wishes are carried out precisely, estate planning is an indispensable tool. This process goes beyond simply writing a will—it's about making informed decisions on how your assets should be distributed, who should care for your children if they're minors, and what happens if you become incapacitated.

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The Role of the Estate Executor

Your loved one has passed away, and you've been named the executor of their estate. You're now tasked with a role that holds significant importance—the distribution of your loved one's assets according to their will. Here in Michigan, this role is particularly crucial, demanding a high level of responsibility and meticulous attention to detail.

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Creating a Business Succession Plan

If you own a business, it's crucial to have a plan in place for what happens to your business when you retire or pass away. A business succession plan outlines how your business will continue to operate after you're no longer involved, ensuring that your hard work and legacy are preserved.

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Considering Who Is Going to Pay the Kids’ College Tuition in Divorce

Divorce can throw a wrench in many long-term plans, including college plans for children. If parents get a divorce when their children are very young, they may not think much about higher education for their future.

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Common Misconceptions About Estate Planning

Even though most people understand the concept of estate planning, there are many misconceptions as to what creating an estate plan entails. To make things worse, there is also plenty of misinformation floating around the internet.

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Common Estate Disputes

We’ve probably all seen those TV dramas where some austere-looking individual sitting in an oak-paneled room behind an impressive desk reads out someone’s last will and testament to a seated audience of heirs and hopeful beneficiaries.

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Who Has to Move Out of the Family Home in a Divorce?

Many married couples own a family home together. Under the law, the house usually belongs to both spouses if it was acquired during the course of the marriage. Because both spouses are joint owners of the home, the question, “Who has to move out of the family home in a divorce?” will arise sooner or later.

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The Importance of Having a Trust

When you reach a certain age, you might begin to think about whether or not you need an estate plan. Whether it’s to ensure the passage of property to beneficiaries or to protect assets from estate taxes, hiring an estate planning attorney is a wise step when planning for the future.

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How to Prepare for Divorce

22,781 divorces happened in Michigan in 2021. While this number may speak to the commonality of divorce, it doesn't dismiss how isolating the process can feel. If you are contemplating divorce or you have recently been served papers, it’s completely natural to feel overwhelmed at the prospect of a long and difficult process.

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Contested vs. Uncontested Divorce: Which One is Right for Me?

Divorce can be one of the most difficult experiences any family can go through. Michigan is not an exception. In 2021, the state saw 2.3 divorces per 1,000 residents. While not a unique issue, to have, every divorce in and of itself is unique, because every individual and family is unique.

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