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Do I Need to Make a New Will if I Just Moved to Michigan and I Have a Will From Another State?

If you just moved to Michigan and you already have a will from Illinois, the good news is that your Illinois will most likely will be perfectly valid under Michigan law. With that said, estate planning law is very different from state to state, and t…
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Should I Put My Adult Child on My Bank Account or Not?

Whether you choose to add your adult child to your bank account depends upon your needs and your objectives in doing so. Some individuals place adult children on their bank accounts simply to make it easier for the children to help them with financia…
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My Brother and I Just Inherited the Family Vacation Home. What Should We Do Now?

Some vacation homes, cabins, or cottages in Michigan have remained owned by different generations of families for years. The concern for passing these homes down from one generation to the next historically was with the “uncapping” of residential…
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What Happens When My Special Needs Child Turns 18?

When your child turns 18 years of age, he or she is an adult. However, when your child has special needs, being a legal adult doesn’t mean that he or she can take care of his or her own financial, medical, and other personal needs. In this situatio…
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What’s the Difference Between Medicaid and Medicare?

Medicaid and Medicare are two separate government programs that provide health care coverage for eligible individuals. However, the two programs are quite different, and vary widely in the types of medical expenses that they cover. The two programs a…
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Is a Credit Shelter Trust for Me?

When Michigan residents are considering how to protect their assets following death, they often consider a variety of trusts. One such trust is a credit shelter trust. This trust is not for everyone, but in some situations, it can be quite beneficial…
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What’s the Difference Between a Guardianship and a Conservatorship?

Michigan law provides for the appointment of both guardians and conservators, and there are significant differences between the two. While both are designed to handle the affairs of a minor or otherwise incapacitated person, the roles have completely…
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Does a Small Estate Still Have to Go Through Probate?

When individuals pass away, they leave behind property that is classified as probate or non-probate. In order to be classified as non-probate property, the property must either be jointly held by the deceased and another person, or it must be the typ…
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Estate Planning Following a Divorce

In the aftermath of a divorce, you may overlook the necessity of updating your estate plan. Whenever you experience a major life change, including a divorce, you always should review your existing plan. If you don’t already have an estate plan in p…
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Poor Planning Can Lead to Problems for your Family

Michigan residents who fail to engage in comprehensive estate planning leave behind a stressful and expensive situation that can cause serious conflicts upon family members. While no one wants particularly wants to think about death and dying, it is…
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