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Responsibilities of an Executor

Responsibilities of an Executor from The Law Offices of David L. Carrier Every estate, whether through a will or a trust, needs an executor or estate administrator to handle the execution of a will or the disbursement of a trust. The job...

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Thorough Estate Plan

The Consequences of Not Having a Thorough Estate Plan

There’s a common misconception that living trusts are only for wealthy people with lots of assets. Many people also mistakenly think a will is all they need to ensure their end-of-life wishes are satisfactorily executed. Although a will is certainly better than having no plan at all, establishing a trust can minimize the hassle your family faces following your passing.

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Reason Your Need Life Insurance

Why Do I Need Life Insurance?

Why Do I Need Life Insurance? from DavidCarrierLaw Life insurance is essentially money paid after your death to the beneficiary you name on your policy. You pay a premium every month to maintain the policy. There are many reasons to have life insurance: ...

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Choosing a Guardian for Minor Children

Who Should You Name as Conservator and Guardian for Your Minor Children in Your Estate Plan?

Establishing an estate plan is important for everyone, but it can be especially important for parents with young children. No one likes to contemplate the worst-case scenario, but it’s preferable to be prepared for all eventualities. Failing to name a conservator of your estate or guardian for your children in the event of you and your spouses’ death or incapacitation means a government bureaucrat will make the decision for you if the unthinkable were to occur.

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Funding a Trust in Michigan

What Does it Mean to Fund a Trust and Why Should I Do It?

A Quick Overview of Trusts

Trusts are essentially estate planning vehicles that allow the trust maker, or “grantor,” to seamlessly transfer control of assets to beneficiaries should the grantor pass away or become otherwise incapacitated. Once a trust is created the grantor can transfer the ownership of their assets from themselves to the trust.

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