If someone has died and there is a vehicle, it will be necessary to transfer the title to the proper person. The manner in which this is done depends on a number of factors. Was the vehicle in joint name with survivorship rights? Is there, or will there be, a probate estate? If no probate [...]
Unless the estate is extraordinarily large (the exemption is $11.7 million for 2021), you should receive the inheritance from your loved one (in Michigan) without any probate taxes! Inheritance taxes are taxes that a person needs to pay on money or property they have inherited after the death of a loved one. The Probate Pro [...]
When someone passes away, there may have been money which they had in their possession, but never cashed in the check - like what happened with the late Aretha Franklin. It was recently discovered that the late Queen of Soul had uncashed checks accumulating to at least a million dollars. Surely this isn't your everyday [...]
In the late 90s, there was an animated series on Cartoon Network called Ed, Edd n' Eddy. The show was about three boys who tried to get their tongues on jawbreakers by tricking, scamming and scheming their fellow peers in the neighborhood. Almost all of the time, their tricks, schemes, and scams backfired. However that's [...]
The Lady Bird Deed is a specific type of deed that has become popular in recent years. The reason for its popularity is simple – it has many benefits. Some of the benefits include the ability to transfer property outside of probate without using a trust and the avoidance of Michigan Medicaid Estate Recovery. What [...]
Written by Andrew Lorelli Supplemental Needs Trusts (“SNTs”, also called Special Needs Trusts) are a common estate planning tool. SNTs are for people who receive means-tested government benefits, as well as those who also may be the beneficiaries of an estate or the recipient of settlement funds after a lawsuit. SNTs are designed to allow [...]
Relationships are magnificent things. Some couples will wind up getting married, whereas others will choose to just be together, committing themselves to a “married” lifestyle. For those couples that have committed to a “married” lifestyle without the actual marriage you need to know this: If your significant other passes away, they have no spousal rights, [...]
The world was shook last week with the passing of Luke Perry. A beloved television actor, Perry suffered a massive stroke, which led to him being put into a medically-induced coma. Sadly, Perry passed away several days later. No matter who you are – a television actor or a construction worker – you need to [...]
What is the difference between a Conservator and Guardian? In the court of law, an adult who is unable to take care of themselves or their property and minors are considered to be incapacitated persons. An incapacitated adult or minor will need someone to oversee them, assuring their safety and well-being. Enter guardians and conservators, [...]
Conservator Appointment in Michigan Unfortunately, there are times when a person is not able to manage their own financial affairs. If the person has failed to adequately plan with a Power of Attorney, a person, called a “conservator” can be appointed by the probate court in which the individual resides. Upon the filing of a [...]
