When creating estate plans, families often make provisions for minor children, including the financial care and guardianship of those minors. However, minors grow up and often head to college. When a Michigan family sends a now-grown child to college, it may be the perfect time to sit down and rethink an existing estate plan.
Residential real estate transactions require legal support
The buying, selling and renting of residential real estate property is a legal transaction, one that may be the most valuable transaction you make. Just like any other legal transaction, a residential real estate transaction can become complex and require legal intervention in the way of negotiations or litigation. Michigan homeowners and renters may benefit from a deeper understanding of what complications may arise or which situations may require legal intervention.
It takes more than a will to complete an estate plan
Just as everyone's estate is unique and valuable to them and their family, the process of creating an estate plan also needs to be unique and address the individual needs of those who are affected by that estate. However, many people think the process simply entails creating a will to explicitly say who gets what. Michigan residents should understand there can be much more needed aside from a complete and legal will.
Inheritance dispute still ongoing for Robin Williams' family
A year after his death, the family left behind by comedian Robin Williams is still having a dispute over items and funds the comic left behind. The inheritance dispute has been ongoing, and both sides will be meeting soon in order to come to some kind of resolution. The dispute currently making news in Michigan and elsewhere is between Robin Williams' wife and his children.
The creation of an estate plan is not just for the elderly
It is estimated that a large majority of young people have not thought about estate planning. The creation of an estate plan is often thought of as an elderly issue or an undertaking to be tackled once a certain level of wealth or assets has been accrued. However, young adults in Michigan may need an estate plan in place many years before they may traditionally think about such ventures.
