Three Things to Consider when choosing a Conservator

Not too long ago, we took a look at five things people should consider when choosing a guardian. This week, we’ll discuss three things people should consider when choosing a conservator. A conservator is responsible for handling an individual’s financial accounts and statements, making sure the individual needing conservatorship has nothing to worry about. With [...]

2019-03-19T13:24:02+00:00Tuesday, March 19, 2019|conservator, conservatorship, Financial|0 Comments

How Luke Perry’s Estate Preparation Prevented Drama

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 [...]

The Difference Between a Conservator and a 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, who are there to serve and protect their loved [...]

Special Needs Trusts, What Are They?

Generally, a Special Needs Trust is a very specific trust that can be beneficial to those receiving government benefits because of special needs. Most commonly in this category is Medicaid and SSI.  To receive government benefits such as Medicaid and SSI, an individual must have limited assets and income.  A Special Needs Trust is [...]

Are You Keeping Your New Year’s Resolutions?

Did you make any resolutions this year? Just 3 weeks in, how are you doing so far? Studies have shown that less than 25% of people actually stay committed to their resolutions after just 30 days, and even fewer actually accomplish them. Credit Forbes. Even if you've already given up on your resolutions, or if [...]

Worried About Your Furry Friend If Something Happens To You?

Many people with children give a great deal of consideration as to who will take care of them if something were to happen to both parents. But what about the furry members of our families? Without a written, clearly defined plan, your pets could end up in a shelter or euthanized. That’s why it is [...]

The Statutes and Case Law Behind the Appointment of a Conservator in Michigan

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 [...]

Paperwork and more paperwork, how long should I keep it?

Different documents have different amounts of time that they should be kept. Tax returns, home sale documents, estate documents, and a death certificate are just some of the things that you might have left after the passing of a loved one. A general rule for keeping documents is to keep them for 7 years after [...]

Sibling Trouble While Handling Mom’s Estate

Family Disputes Over Estates Happen Too Often Feuding over the estate of a loved one is a surefire way to cause separation within a family. Even within my own family there have been many arguments concerning assets that belonged to my grandfather. Not having a will or an estate plan can leave things messy, and [...]

Aretha Franklin died without a will. What does this mean for her estate?

Aretha Franklin - Queen of Soul We learned recently that Aretha Franklin, the late Detroit native and Queen of Soul to millions of her fans around the world, has died without a will. News reports to this effect broke early last week, causing many to wonder how this will affect the vast wealth she accumulated [...]