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When someone dies, their will has to be authenticated before any distributions to beneficiaries can be made. This probate process is presided over by a judge. He or she ensures that necessary steps are taken in settling an estate through probate and that, if no will...
When it comes to wills, there are two common misconceptions about them. One is that many think that they're only important for older people or the rich and famous to have. Another is that you write it once and you never need to look at it again. Neither one of these...
Estate planning is one of those things that everyone knows they need to do, but most people still tend to put it off.Why? There are many reasons. Most people don't feel like they need it. They assume they're planning for when they pass away at 80 or 90 years old. If...
Michigan residents who are taking care of an elderly parent or other relative may at some point need some legal documentation in order to continue meeting their loved ones' needs. Usually what is required is either a guardianship or a conservatorship, and sometimes a...
It's easy to think that you don't need a will if you're young.Maybe you're just 35, for instance. You expect to live at least into your 70s, so you don't think you're even halfway there. If you make it to 75, you have 40 years. That's longer than your entire life, so...
You're going to use a financial power of attorney to make your spouse or one of your children your financial agent. If something happens to you -- you're in a coma after a car accident, for instance -- then you know that someone is still able to take care of your...
Don't assume that all you need to finish up your estate planning is a will.Your will is a great place to start and forms the basis of your estate plan. If you don't have one, you may want to focus on it first. However, there are many other documents that you need as...
Who is going to take care of your children if you die? Nobody really likes to think about this particular question because it means not only addressing your own mortality but addressing all of the potential pitfalls of naming a legal guardian -- someone who can step...