Being named executor to a large estate can be intimidating. Executors are responsible for paying off creditors, distributing assets, and honoring loved ones’ last wishes. But executors don’t have to do it alone. By building an estate administration team of...
When should you start estate planning? When you have a child, buy a house, earn your first salary? What about when you graduate from high school? Find out when to start estate planning, and why it is important for everyone from age 18 to 108. Many people assume if...
You may be thinking of buying a house. Throughout your search for your next home you may come across homes for sale on a land contract. So, what exactly is a land contract, and is it a good idea to enter into one? Top Bloomfield Hills attorneys from the Cronin Law...
Charitable giving techniques are typically used for those who have accumulated wealth that is subject to estate tax after death. Estate tax rates are as high as 50% and those who have worked hard to create and accumulate assets often opt to utilize charitable giving...
Revocable Living Trusts A trust is a contract between the Grantor (the person who creates the trust), the Trustee (one who controls the trust), and the beneficiaries (those entitled to benefit from the trust). You, as Grantor, determine how the trust will be operated...
Assets in a revocable living trust are not protected for Medicaid purposes and must be used to pay for the costs of long-term care. If you are married, your home is exempt and cannot be taken when applying for Medicaid. If you are single or widowed, your home is...
