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Law Articles and Ezines
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151. Using Facebook to Find an Attorney to Draft a Living Trust Michigan
February 04, 2020
Getting a living trust drafted is very important because you are putting together a plan to pass your assets on to your loved ones after you die. A living trust can also be used to provide instructions on how you should be cared for in case you are incapacitated and can’t make medical and financial decisions on your own.
As a result, picking the right attorney to draft a living trust Michigan clients can trust is important. When searching the internet to research an attorney’s reputation, you will more than likely head to Face book.
There are some pros and cons of using this social ... (read more)
Author: Jim Turner
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152. Traits to Avoid If You Need a Living Trust Drafted in Michigan
February 04, 2020
It’s a common misconception that all attorneys practice the same area of law. Law is very specialized and there are many different practice areas. If you are looking to have a living trust drafted in Michigan, you need to find a professional estate planning attorney. These are sometimes also referred to as living trust attorneys or will lawyers. It’s important to find the right lawyer to draft your living trust because you are entrusting them to create a legally binding plan that will protect you, your family, and your assets. One of the main reasons people get a living trust draft... (read more)
Author: Jim Turner
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153. How to Select and Hire the Best Estate Planning Attorney
February 04, 2020
Make no mistake. If you are looking for an estate planning attorney, you should find a lawyer who focuses his or her practice on estate planning. Whether you have an estate worth hundreds of thousands of dollars, or millions, you need the services of the right professional in order to avoid future legal complications.
Best to Create Estate Plan Ahead of Time
Dealing with the passing of a loved one can be an emotionally stressful time. Your family can subject to additional stress if you don’t have a solid plan in place that communicates who would like to receive your property. ... (read more)
Author: Jim Turner
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154. What to Consider When Selecting a Good Notary Public Singapore?
January 20, 2020
In Singapore, there are thousands of law firms and lawyers who offer notary public service. However, not each one of them is capable to meet the individual needs of clients and suitable for different legal needs. In Singapore, there are thousands of law firms and lawyers who offer notary public services. However, not each one of them is capable to meet the individual needs of clients and suitable for different legal needs. For selecting a suitable service of notary public Singapore, it is important to identify your needs and budget. Everyone desire to look for the service provider as per the ... (read more)
Author: Jason Sim
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155. When to Avail the Service of a Child Custody Lawyer?
January 19, 2020
For parents who are thinking to end the marriage require considering a lawyer to handle the entire divorce case.
For parents who are thinking to end the marriage require considering a lawyer to handle the entire divorce case. Couples who have children have several questions, doubts, and confusion regarding child custody and other family matters. They end up asking - Do parents have equal rights for the child? Can they mutually decide on the getting custody? Do grandparents have the right to file for custody? If there is no prior knowledge or experience in handling complex issues related t... (read more)
Author: Jason Sim
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156. Does Divorce Couselling Really Work for Couples in Singapore?
January 16, 2020
Divorce is a stressful and complex process that requires tiring legal proceedings. If you are in Singapore and stressed with the marriage, it is important to look for the divorce couselling over ending the marriage.
Divorce is a stressful and complex process that requires tiring legal proceedings. If you are in Singapore and stressed with the marriage, it is important to look for the divorce couselling over ending the marriage. Just look for the experts who can handle the entire process for you and make your life simple. For people who are facing a tough time in their married life is not ... (read more)
Author: Jason Sim
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157. A Beginner's Guide To Revocable vs Irrevocable Trust.
January 13, 2020
Legal trusts can either be revocable or irrevocable. Both go into effect during the lifetime of a trust maker, also known as the grantor or settl or. The most significant difference between a revocable vs irrevocable trust is who manages the trust's assets and whether or not the trust's terms can be changed.
All of the assets the grantor wishes to protect get transferred into the name of the trust. The trustee of the trust then manages the trust and all of its assets. The trust is governed by the terms under which it was created and the trustee has a fiduciary responsibility to the trust ... (read more)
Author: Jim Turner
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158. Can A Revocable Living Trust Avoid Probate?
January 13, 2020
The primary purpose of setting up a revocable living trust is to avoid probate. With the proper help from a trust attorney, setting up a living trust can be relatively simple. With a revocable living trust, you can be sure that your estate and your beneficiaries will not be bogged down in probate court after your death.
Also, the value and transfer of your assets and personal finances will remain private with a revocable living trust. This is different that a will. A will must go through probate court and probate is a public process. This means that your assets and the transfer of those a... (read more)
Author: Jim Turner
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159. What Is The Difference Between a Will vs Trust?
January 13, 2020
What Is The Difference Between a Will vs Trust? A will, also known as a last will and testament, is a legal document that states how you want your assets to be distributed after you die. It can also be used to appoint a guardianship for minor children. A will is an important and common estate planning tool. A will appoints a personal representative, sometimes called an executor, to carry out your wishes and distribute your property to your heirs. Your personal representative will be responsible for going through the probate process to settle your estate after you pass. A tru... (read more)
Author: Jim Turner
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160. A Will Lawyer Can Make Sure Your Will Is Legally Binding .
January 13, 2020
A last will and testament is a legally enforceable document by which the creator of the will, also known as the testator, expresses their wishes as to how their property is to be distributed after death.
They also assign a person to manage the estate, also known as the personal representative,until final distribution of all of the assets is completed.
Wills are very common estate planning tools in the United States. Any adult with capacity and sound mind can create a last will and testament. If written improperly, the validity of a will can be contested in court. Will and trust law i... (read more)
Author: Jim Turner
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161. How a Will Attorney Can Help You Draft a Last Will and Testament?
January 13, 2020
A will is one of the most commonly known estate planning tools for passing your assets onto your heirs after you die. But, will, trust, and estate law is complex and it is not an easy task to draft a will that is legally binding. Because leaving your assets behind to your family is so important, people often seek the assistance of a will attorney to make sure that the will is accurate and legally enforceable.
What can a will lawyer help me draft in a will?
A will attorney can help you:
Name who should receive your assets after you die and what percentage each person should rec... (read more)
Author: Jim Turner
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162. Estate Planning Tools a Living Trust In Michigan
January 13, 2020
There are various options for estate planning. One of them is the living trust.A living trust or "revocable" trust is a legal document through which your assets are placed into a trust during your lifetime. Upon your death, your assets in the trust are then transferred to your beneficiaries according to your wishes. If you are planning on creating a living trust in Michigan, a trust attorney can help guide you provide the necessary expertise and resources to create your living trust. Checklist for creating a living trust in Michigan •Identify who you want to pass your assets t... (read more)
Author: Jim Turner
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163. Living Trusts In Michigan Protect Your Assets And Give You Peace Of Mind .
January 13, 2020
A living trust in Michigan or "revocable" trust is a legal document that maintains ownership of your assets during your lifetime. While you are alive, you serve as the trustee and manage the trust and all of the assets you put into the trust. When you pass away, the assets in your trust are then distributed to your designated beneficiaries according to your wishes. Often times a living trust is a trust created to ensure that your assets get passed properly to your heirs. A living trust avoids probate court, can minimize estate taxes, and helps to manage assets should the owner become inca... (read more)
Author: Jim Turner
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164. How Much You Know About Living Trust Michigan?
January 13, 2020
A living trust in Michigan is a very popular estate planning tool which allows you to easily pass your assets to your heirs privately by avoiding probate court. This differs from a will because a last will and testament requires probate court. Living Trusts In Michigan Are Flexible. Sometimes a living trust is also referred to as a revocable living trust or inter vivos trust. This differs from an irrevocable trust. A revocable trust can be changed at anytime, but an irrevocable trust cannot be changed after it is created. For example, if you want to remove a beneficiary, ... (read more)
Author: Jim Turner
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165. How to Find a Good Trust Attorney creating living trust?
January 13, 2020
Creating an estate plan or living trust is incredibly important because you are planning how to pass your legacy on to the ones you care about the most. As a result, you need to find an attorney who is experienced in trust and estate planning matters. Qualities Of A Good Trust Attorney. Experience With Wills, Trusts, and Estate Law. When creating a trust or estate plan, you want to find an experienced trust attorney, also referred to as estate planning attorney. Why? Because there are many different types of attorneys that focus on different aspects of the law. For example, the... (read more)
Author: Jim Turner
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166. How To Use Trust Attorney Effectively When Estate Planning?
January 13, 2020
A trust can be used effectively as an instrument to avoid probate and save taxes when estate planning. It’s usually a good idea to have a trust in place if you have beneficiaries that you want to receive your assets. A trust helps them avoid probate court and keeps your assets private. Additionally, it’s also a good idea to have a trust in place if you have young children, special needs family members, or children who are not capable of handling and managing the assets on their own. A Trust Attorney can be very useful when you want to create a trust to protect your loved ones. How A ... (read more)
Author: Jim Turner
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167. What is a Revocable Living Trust?
January 13, 2020
A revocable living trust is a legal document that appoints a “trustee” to administer your property during your lifetime and outlines how to transfer your property to your beneficiaries after your death. Most people use a trust attorney to create a revocable living trust due to the complexity of the document. You communicate your wishes to your trust lawyer and they will create the legal document based on your unique needs. The living trust will give detailed instructions on how your money and property is to be managed and distributed in case of your death or incapacitate. A will and t... (read more)
Author: Jim Turner
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168. Roles and Responsibility of a Trust Attorney
January 13, 2020
Depending on your circumstances, a trust attorney will help you set up a revocable living trust or irrevocable living trust. If you hire a trust attorney,he will provide required and relevant legal advice on how to set up your trust and how to legally name your trustee, successor trustee, and beneficiaries within the document. A trustee is a person who is in charge of managing the trust. In general, this is usually the creator of the trust while they are still living. Typically, the creator of the trust names a successor trustee who will take over management of the trust once the creator... (read more)
Author: Jim Turner
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169. Why Do We Really Need A Trust Attorney?
January 13, 2020
WHAT IS A TRUST? A revocable living trust is a legal instrument that is used to manage your property during your lifetime and to distribute your estate/ property after you pass away. A revocable living trust is established by a written legal document, which appoints a “trustee” to administer the trust. Generally you act as trustee of the trust while you are still alive. Typically you will assign a “successor trustee”- usually a spouseor a close family member. The successor trustee willtake over your responsibilities and administer the property you transferred into the trust AFTER yo... (read more)
Author: Jim Turner
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170. Why Should I Hire an Estate Planning Lawyer ?
January 13, 2020
There are many different reasons to seriously consider hiring an estate planning attorney. These services can be very helpful for anyone who doesn’t already have a will or trust. Even relatively young and healthy people should consider hiring one of these professionals. Avoid Unnecessary Complications. If you want to avoid any complications with passing your assets to your loved ones after you die, you’ll need to hire the right estate planning attorney. They will have a working knowledge of the relevant laws to ensure that no issues arise when it comes time to distribute your estate.... (read more)
Author: Jim Turner
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171. Reasons We Do Need an Estate Planning Attorney
January 13, 2020
Often times you receive letters from your bank or financial adviser asking if you have done your “Estate Plan”. But, a financial advisor can only help you with the financial planning aspects of your estate. You need a skilled and qualified Estate Planning Attorney to draft the legal documents that create a legally valid Estate Plan. An estate planning attorney will ensure that your affairs are in order and all of your documents are valid and can be implemented. Without legal advice, your affairs will be left up to your family and they may be unsure of how to divide your assets. Sometimes ... (read more)
Author: Jim Turner
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172. Why Do I Need An Estate Planning Attorney?
January 13, 2020
Yes, if you have an Estate. Almost, everyone has an estate. Your estate is everything you own. It is madeup of your home, car, saving accounts, investments, life insurance, other real estate, furniture, and personal possessions.Irrespective of the size of your estate, you cannot carry it with you when you die. The following are common family scenarios that warrant the need for an estate planning attorney: • Have children • Have a family member who is disabled • You are recently divorced • Have real estate in more than one state • Have no children • One or more businesses • Hav... (read more)
Author: Jim Turner
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173. The Role Of An Estate Planning Attorney
January 13, 2020
An estate planning attorney is a lawyer who helps clients prepare legal documents to pass their assets on to their heirs after their death in order to preserve their wealth. Proper estate planning should be done while you are still alive so that you can transfer your money and property to your heirs as you see fit after you pass away. Estate planning attorneys help their clients plan for the future by helping them designate who will legally inherit their estate. They provide guidance based on the client’s unique situation as to whether a will, trust, or some combination would be best... (read more)
Author: Jim Turner
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174. What DoesThe Process Look Like With An Estate Planning ?
January 13, 2020
Estate planning is the process of outlining and legally documenting what you want to happen with your assets after you pass away. Typically, it also includes planning for and communicating your end of life wishes in the event that you are still alive, but incapacitated and unable to make decisions on your own. A proper estate plan documents who you would like to receive your assets after you die and can help avoid estate taxes in certain situations Estate Planning Process? This process focuses on how to pass your wealth and assets after you die.It is also defined as the process of ... (read more)
Author: Jim Turner
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175. What Qualities ShouldA Good Estate Planning Attorney Have?
January 13, 2020
When you are planning to hire an Estate Planning Attorney you should ideally consider these qualifications and qualities before you decide which attorney to hire. A good lawyer can save you from a lot of hassles and can prevent future issues that may arise that an untrained professional would not see coming. A skilled Estate Planning Attorney will help you plan for: o Estate Taxes o Guardianship of Dependents o Charitable Giving o Life Insurance o Healthcare Decisions o Power of Attorney The following are a list of considerations to help you when selecting an Estate Plann... (read more)
Author: Jim Turner
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