Are you a Michigan resident who has an estate plan already written? If so, there may come times in your life when you must update this plan. At Babut Law Offices, PLLC, we often advise people on when these updates are necessary. Today, we will take a look at a...
3 ways to uncover undue influence in an estate plan
Few decisions in life require more thought than choosing to place an aging parent in a nursing home. Still, for a variety of reasons, long-term care may be right for your mother or father. If your parent develops a close relationship with someone at the facility,...
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....
Name the right guardian for your children in your estate plan
When estate planning, it's easy to focus so much attention on your assets that you overlook details that are every bit as important. For example, you must name a guardian for any children under the age of 18. This is a big decision, as this person will be responsible...
Follow these steps to choose the right nursing home
It doesn't matter if you're choosing a nursing home for you or a loved one, it's important to make the right decision the first time around. Any mistake can impact you in a variety of ways, such as the treatment you receive and the money you pay. When creating an...
These 5 things can lead you to consider bankruptcy
If your financial situation takes a turn for the worse, it's critical to list out all the strategies you can employ to get back on track. It's not always easy to dig your way out of a financial hole, but there's never a good time to give up. Bankruptcy is often the...
Estate planning tips for avoiding Michigan probate court
People choose to plan their estates for their own unique reasons. Some people have significant assets and strong desires to see them allocated in specific ways. Other people may want to help their family members avoid estate taxes due to the size of their estate. For...
