What to Consider When Naming a Beneficiary For Your Estate Plan
November 7th, 2022
When preparing your estate plan, you will need to consider and name beneficiaries who will inherit your assets. Your beneficiaries can receive assets from your will or trust, through life insurance policies, as part of a retirement plan, or through s…
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Categories: Estate Planning
Probate vs. Non-Probate Assets
October 3rd, 2022
Transferring property after someone dies can be complicated. Many people mistakenly believe that their will is sufficient to transfer their assets. They fail to consider the difference between probate and non-probate assets and the effect that transf…
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Categories: Probate Administration
Co-Ownership Agreement Between Unmarried Couples
September 7th, 2022
If you are considering buying a house with someone who is not your spouse, it is crucial that you have a co-ownership agreement in place. A co-ownership agreement is a legal document that describes how ownership of the property will be divided, what…
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Categories: Real Estate
Why Designated Beneficiaries Are Important in Estate Planning
August 8th, 2022
Designating beneficiaries is an important but often overlooked aspect of a sound estate plan. Many people prepare their estate planning documents, such as their last will and testament or trust, but forget to verify and update beneficiary designation…
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Categories: Estate Planning
How to Avoid New Home Construction Contract Disputes
July 21st, 2022
Once you’ve decided to build your dream house, you will face complex and challenging decisions. Most people who choose to build their own home understand that overseeing a new home construction project is a massive undertaking that will require wor…
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Categories: Real Estate
Dementia Awareness: Michigan Patient Advocate Designation
June 10th, 2022
June is Dementia Awareness Month, which provides an opportunity to learn more about this condition and make plans for your future if you or someone you love ever receives this diagnosis. What Is Dementia? Dementia is a general term for a group of sym…
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Categories: Estate Planning
Buying or Selling Your Home Without a Real Estate Agent — FSBO Sales and Purchases
May 16th, 2022
When you consider buying or selling a home, one of the first decisions you need to make involves whether to use a real estate agent. Since most buyer and seller agents use exclusive agreements which limit your rights in the sale or purchase of your h…
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Categories: Real Estate
Considerations For Buying or Selling Real Estate with a Land Contract
May 2nd, 2022
Many potential homebuyers are still recovering from recent economic downturns. They may have income but a low credit score, or have gone through a bankruptcy, a short sale, or incurred debt due to medical bills or other financial issues. Whatever the…
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Categories: Real Estate
Avoiding Family Disputes and Litigation Over Your Will or Trust
February 1st, 2022
One of the goals of a properly-prepared estate plan is to avoid a family dispute after a loved one passes away. When planning and preparing your estate plan, it is wise to consider some of the issues that can divide a family so you can craft your est…
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Categories: Probate Administration
What to Consider When Buying a Condominium
December 9th, 2021
What is a Condominium? Condominium living has become very popular in Michigan, particularly in cities and vacation spots. In an effort to regulate the growth of condominiums in Michigan, the Michigan Condominium Act was enacted in 1978, and amended o…
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Categories: Real Estate
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