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Michigan does have an inheritance tax. However, this should probably not concern you while making a new estate plan or considering the value of the estate of a recently lost loved one. It only applies to older cases. This does not, however, mean that your assets...
Perhaps the most complicated aspect of estate planning in Trenton is determining which of your heirs will inherit your assets (as well as what and how much they will receive). The last thing that you want is for your decisions to cause contentions amongst them once...
Many families today come together via remarriages. A second or subsequent marriage offers people the opportunity to start fresh and enjoy the benefits of a positive partnership after a previous divorce or loss of a spouse. These marriages, however, also raise unique...
Michigan residents should have an estate plan on hand. But after you create your estate plan, you cannot leave it as-is forever. Your estate plan should reflect your current life circumstances accurately. The first thing to note is that you do not need to wait for a...
When you decide to begin the process of planning your estate and coordinating which of your relatives in Michigan will be beneficiaries of your assets, it may be difficult to ascertain what you should include. While the scope of your plan is dependent on your...
Whether or not you have significant assets, you probably have some idea of how you want your property distributed among your heirs. Michigan state law is very specific about the elements that make a will valid. At Robert D. Paulbeck, Attorney at Law, we often counsel...
Not everyone gets an inheritance. However, many people expect their parents to leave them something. What is perhaps most concerning is that more children expect an inheritance than the number of parents who expect to give them one.In one study, millennials were asked...
Adults often hear that they should have a will. Many people know that it's important to have one. They understand that it ensures that their assets are passed on seamlessly to their heirs. What few people know though is exactly what details are needed to ensure that...
While virtually every adult can benefit from estate planning, few do more than simply drafting a will. Even if someone does, they rarely take time to include a comprehensive inventory of all their assets and what they wish to happen with them. In an era in which so...
Although filing for legal separation may stop your estranged spouse from laying claim to some of your assets after you split up, there are many that they may be legally entitled to if you were to become incapacitated or pass away before your divorce is finalized....