When thinking about estate-planning, people often come across the word “fiduciary.” A fiduciary is someone who is legally entitled to handle the assets and liabilities (also known as an “estate”) of another person. A fiduciary’s powers over another person’s estate can be established due to the estate owner’s minority status, mental incapacitation, … [Read more...]
Can A Child Be Disinherited?
Can a child be disinherited now in Michigan? Recent case law suggests that may be so, with a twist. The case of In Re Estate of Shelby Jean Jajuga, a Michigan Appellate Court case published in October of 2015 dealt with disinheriting a child from a will. The Court’s opinion stated “[w]e hold that petitioner has a statutory right to exempt property … [Read more...]
What to do when an Estate has only a few Assets?
“Help! My mom died without a will or trust, and she does not have many assets. What can we do?” This is a call we receive regularly at my office. When someone dies without a will, they are intestate. Accordingly, to transfer any assets held in the deceased person’s name, probate court must be utilized. Please keep in mind that in Michigan certain … [Read more...]
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