For some people, the buying or selling of property may be the biggest financial transaction in which they are ever involved. Real estate transactions are typically high-value exchanges, and they can also be an emotional decision. Because of what all is at stake and the complications that can arise, it is important for Michigan residents to protect themselves during real estate transactions.
An estate plan is comprised of various documents
When most people think about an estate plan, they may naturally think of a will and not much else. Depending on the size of the Michigan estate and the number of beneficiaries, an estate plan can be comprised of a multitude of documents. It is important to understand which documents may pertain to your situation and to ensure you have all of your estate plan issues covered.
Now is the time for Michigan families to discuss an estate plan
The holiday season typically brings family members to the table who may be absent throughout the year. Considering that all family members may be in the same place at the same time, many experts believe the holiday season is the perfect time of year to disclose or make an estate plan. Michigan families may be hesitant to broach the subject, yet it may be necessary to do so sooner rather than later. There are helpful ways to begin the conversation and to ensure an estate plan for elderly parents is handled correctly.
Cutting of trees leads to real estate litigation situation
There are endless reasons why a lawsuit may arise between real estate owners who are neighbors. When land or homeowners share a property line in Michigan or elsewhere, property line disputes or disputes over trespassing and causing damage can lead to real estate litigation between neighbors. One case garnering news attention involves two property owners and the removal of 20 trees from one property to improve the view of the other.
Probate litigation and other services can help families
When the death of a loved one has occurred, a complex legal process may be just beginning. During this emotional transition, families should know the benefits of legal support so as to be prepared for any probate litigation situation or any other legal services that may be needed. Michigan families can ensure timely and fair handling of an estate and also support when individual issues necessitate specific services.
