For those who love their stepchildren as their own, it may come as a surprise that this bond isn’t enough when it comes to estate planning in Michigan. Because of the laws of inheritance, stepchildren do not automatically inherit when a stepparent dies. (more…)
Estate attorneys in Grand Rapids have the important job of educating their clients on how to handle “digital assets” in the event of a person’s death or incapacity, and then helping the client document such wishes in a will or trust. Whether it’s an email account, blog, collection of domain names, hosting accounts, apps, eBooks, etc., a good estate planning attorney can help ensure that only a person the account owner trusts can access and maintain digital assets in their absence. (more…)
Generally, we hear about prenuptial agreements when a celebrity split is splashed across the tabloids. What you don’t usually hear about are the Grand Rapids prenup lawyers who are charged with making sure the stars are covered in the case of a high-profile divorce. We may not have a lot of famous folks here in Grand Rapids, but that doesn’t mean that our prenup lawyers don’t work just as hard for their clients. (more…)
Estate Planning for Unmarried People in Grand Rapids
While married couples are most likely to seek out the services of an estate planning lawyer in Grand Rapids, unmarried people may actually need it more. It’s a pretty well known fact that when a married spouse passes away, the other will likely inherit a considerable portion of the estate, simply by virtue of the legal marriage. (more…)
Grand Rapids Estate Planning Lawyer’s Advice for Women
A good Grand Rapids estate planning lawyer will help you take a lot of things into consideration when putting together your estate plan. Various factors influence your estate planning after all: finances, children, age…But what about your gender? Is estate planning for women different than it is for men?
Actually, there are some important extra things for women to keep in mind when estate planning. (more…)
The Role of Grand Rapids Wills and Trusts Lawyers When You Move to a New State
Trusts lawyers in Grand Rapids have the important job of helping their clients create a legacy that is compliant with a number of different laws. For the most part, these laws will vary from state to state. Some differences are minor, while others can impact the trust significantly. Someone who already has established a trust in one state may very well want to at least review it with a trusts lawyer when relocating to another. (more…)
Do You Need a Grand Rapids Probate Attorney?
In the state of Michigan, it’s not legally required for you to hire a probate lawyer after the passing of a loved one, but that doesn’t mean it’s not a good idea. For one thing, a Grand Rapids probate attorney will have a lot of insight into the process, which is something most folks just don’t have. After all, the probate lawyer works with probate cases all the time, is up-to-date on the most current laws, and has a pretty good idea of how to streamline the process as much as possible. (more…)
Grand Rapids Wills and Trusts Lawyers See a Rise in Incentive Trusts
A growing number of people in Grand Rapids are realizing that they can have more of a say in how their assets are used after they have departed and protect those assets for their loved ones. The use of incentive trusts has increased as a result. Parents, especially, are directing their trust lawyer to add guidelines and stipulations that need to be met in order for their kids to receive proceeds from the trust as well as adding provisions to keep the funds protected from creditors and future ex-spouses. (more…)
Estate Planning and Loss of Income in Grand Rapids
Many people visiting their will and estate lawyers in Grand Rapids are unprepared for the news that their income might change drastically with the death of a spouse. For example, the spouses of veterans are often surprised to find that VA benefits can end when the veteran passes away. Unfortunately, this is something that sneaks up on a lot of folks who haven’t considered this with their Grand Rapids will and estate lawyer. (more…)
Estate Planning Concerns for Young Professionals in Grand Rapids – Part I
Part I of a two-part piece looking at the most important estate planning documents for young professionals.
Why bother with estate planning for young professionals in Grand Rapids? Perhaps nothing about the word “young” makes you think of the need for estate planning. The truth is, however, that those folks who have recently graduated from school and into the world of the professional should absolutely start their estate planning as early as possible. Of course, one long-term concern of a Grand Rapids estate planning lawyer is to help you plan for death or incapacity, but there are other, more pressing concerns that the young professional should deal with now. (more…)