Warren Estate Planning Blog
Mistakes to avoid if you’re a landlord in Michigan
Being a landlord in Michigan can be a rewarding experience, but it also comes with its fair share of challenges. Whether you're a new landlord or an experienced one, it's crucial to avoid common mistakes that can lead to financial and legal issues down the road....
Selecting the right executor
Estate planning requires many steps, and doing it properly could help ensure things work smoothly in a Michigan probate court. Devising a will with careful thought and consideration may involve more than determining who receives particular assets. Selecting the right...
Living wills and advanced directives in Michigan
Research conducted by the Centers for Disease Control and Prevention indicates that more than two-thirds of people in the United States do not have a living will. Legal documents such as living wills and advanced directives allow you to describe the kind of medical...
An overview of estate planning
Estate planning in Michigan requires careful thought and consideration about several matters. An estate planner might have the best interests of beneficiaries in mind, and steps to procure the best outcome could involve deliberately reviewing all actions and...
Estate planning essentials and considerations
Michigan estate planning is integral to your overall financial plan, and some fundamental considerations can help lay the groundwork for a strong estate plan. Estate planning protects your assets and distributes them according to your wishes, providing peace of mind....
What benefits do leases offer landlords and tenants?
Leases are legal agreements between landlords and tenants that outline the terms of a rental arrangement. Leases are an important tool for both landlords and tenants, as they provide several benefits for both parties. Benefits for landlords Different types of leases...
How can you avoid unnecessary probate costs in Michigan?
It's not just the size of an estate that causes probate to cost more. Family conflict, assets that aren't in Michigan and unusual assets like collectibles also drive up the cost of probate. Be consistent Conflicting information in your estate plan causes conflict...
Giving your loved ones access to your bank accounts
The purpose of estate planning is to make sure your family members receive what you've worked hard for throughout your life in the most efficient and practical manner. One such method is providing access to your Michigan bank accounts after you pass away. Add "payable...
Facts about beneficiary designations in Michigan
Estate planning refers to the process of planning and organizing your estate, including all financial assets, investments, real estate holdings, business interests and personal possessions. Your estate plan should include provisions for who you want to receive your...
Illegal landlord actions to avoid in Michigan
Being a landlord requires you to always remain aware of potential laws protecting tenants. While many of these laws strive to protect both you and renters, violating them may affect you far worse than your tenants. Strive to avoid breaking these landlord laws in...