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Estate Planning in Michigan | Planning for your parents | The Law Office of David L Carrier

Helping Your Parents Establish an Estate Plan

Helping Your Parents Establish an Estate Plan Depending on your parents, discussions regarding estate plans can be either easy or hard. Some people are lucky in that their parents may be at a stage of their life where they’re willing to accept some help and guidance...

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What Is a Sweetheart Trust?

A revocable living trust is an estate planning tool that lets you transfer assets to a trustee. You can serve as your own trustee, allowing you to keep control over the assets during your lifetime. Upon your death, a successor trustee (that you previously named)...

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Naming Guardians for Your Children

If you have minor children your first estate planning question is probably, “Who will take care of them if I die?” Naming a guardian for your child is a major decision. There are a number of things you need to consider before making your choice. Guardianships...

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How Much Does a Michigan Will Cost?

A common question every estate planning lawyer gets is, “How much do you charge for a will?” There is no single answer. A will is not a standardized product. Each will has unique characteristics based on a person's financial, family, and legal situation. Estate Planning Is...

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How Divorce Affects Your Michigan Estate Plan

Divorce is a complicated process of unwinding not just a marriage, but of property and other legal obligations. There are many legal issues to consider. For example, how does a divorce affect your will or other estate planning documents? Divorce (Partially) Revokes Your Will Married couples typically...

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The Role of an Executor in Michigan

An executor, or personal representative, carries out the terms and provisions of a deceased person’s will. Typically, the creator of the will (also known as the testator) will name an executor who is responsible for closing out the testator’s estate, which means taking care of...

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