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The current real estate market is hot and generally favors the seller. It is largely driven by two factors: increased demand from buyers, and a low supply of available real estate listings. Once you’ve found your new home, the next step is to prepa…
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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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When it comes to selecting someone to serve as your power of attorney or personal representative, you simply cannot be too careful. This is a person who will handle your legal and financial affairs if you are unable to do so, and the person who will…
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Preparing your estate plan inevitably requires that you consider your own mortality. If you have children under the age of 18, planning to provide for and protect your family is even more important. But can a minor be a beneficiary at all? One of the…
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What is a Last Will and Testament? A Will, also known as a Last Will and Testament, is a legal document that states your intentions for the distribution of your assets and property after your death. The State of Michigan requires the person creating…
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Your home is one of the largest purchases you will ever make. But when buying a home, many homebuyers do not know what they need to do during the period of time after they sign the purchase agreement and before the real estate closing. This is known…
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As you work with your lawyer to develop your estate plan, you will consider the legacy you want to leave to the people you care about most. But sometimes the people we love need to be protected from themselves. This is where a spendthrift provision c…
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A durable power of attorney allows you to appoint another person to make decisions for you if you lose the mental capacity to make decisions on your own. Choosing someone who will act as your power of attorney is an important decision that should onl…
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Your estate planning documents, and especially your Last Will and Testament (Will) and any trusts you have created, are living documents that need regular maintenance. As your life and circumstances change over time, your estate planning documents mu…
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In the right circumstances, using a joint revocable trust as an estate planning tool can make a married couple’s administration and distribution of their assets easier, with the added benefit of reducing time and expenses. What is a Joint Revocable…
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