If you live in Michigan and have created an estate plan such as a will or a trust, you are already a step ahead of many. While estate plans are common among the elderly, the truth is that everyone can benefit from having their affairs in order because no one can...
Year: 2019
How bankruptcy will impact your credit score
Do you feel like you have lost control of your debt? If you struggle to make monthly payments and have limited income left over after paying bills, you may still hesitant to file bankruptcy because of concern over your credit score. Although a bankruptcy will...
What accounts for the rise in gray bankruptcy?
No one need tell you that Michigan has seen some hard economic times in recent years. This is particularly true if you are a senior citizen relying on Social Security as your main or only source of income. The New York Times reports that nationwide, gray bankruptcy,...
I just had a baby. Do I need an estate plan?
Welcoming your new child into your Michigan home likely represented one of the biggest and most exciting events of your life to date. But by now, reality has likely set in and your find yourself engaging in numerous day-to-day tasks in your never-ending desire to love...
The regulations surrounding Social Security Disability for minors
It can be a stressful and confusing process to access Social Security Disability benefits for minors living in Michigan and across the nation. The complexities of the regulations can seem arcane and frustrating, considering how frequently they change. When it comes to...
What are an executor’s duties?
If you are named an executor of a will in Michigan or are trying to choose the executor for your own estate, then it helps to learn about the duties this position holds. An executor is an important person in the estate process that occurs after the death of the estate...
Probate court rules on guardianship of aging couple
One of the comforts towards the end of a long career is knowing that your family will be able to benefit from the fruits of hard work and smart investments. In return, we often expect our younger family will be interested in helping plan or manage our care later in...
Here’s what most people like about Chapter 7 bankruptcy
If your financial situation continues to worsen, and you're unsure of what to do next, take a step back and learn more about Chapter 7 bankruptcy. While it's not the right answer to everyone's financial problems, it may be just what you need to regain control of your...
Why an estate plan is important
Although there is no legal requirement to create an estate plan, neglecting to do so can result in a variety of problems. Not only can this impact you while living, but it can also do the same to your loved ones upon your death. Fortunately, once you understand the...
Can you get a mortgage after bankruptcy?
There are many benefits to filing for bankruptcy, such as the ability to eliminate (Chapter 7) or reorganize (Chapter 13) your debt. However, you don't want to proceed until you compare both the pros and cons, as this will allow you to best plan for the future....