Articles Posted in Attorney

Managing Bills and Expenses for a Sick or Aging Parent: What Michigan Families Need to Know
Patrick & Associates, PLLC

For many families, the responsibility for managing an elderly parent’s finances often falls to members of the “Sandwich Generation” — that is, their adult children, many of whom juggle senior care while raising kids of their own at the same time.  If you are considering stepping in and helping an elderly loved one to take…

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6 Things to Consider When Choosing a Personal Representative
Patrick & Associates, PLLC

Who do you trust to carry out your wishes and make sure that your affairs are handled, when you’re no longer around to oversee these crucial decisions? While thinking about estate planning is not always the most enjoyable experience, it’s an incredibly important step forward — one that can help make things easier for your…

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The Powers and Duties of a Guardian in Michigan
Patrick & Associates, PLLC

In Michigan, guardianship grants the legal authority to care for another person, often along with their personal property and assets. Generally speaking, an adult guardian’s responsibility is to look out for the overall well-being and care of an incapacitated individual — that is, someone who cannot communicate or make informed general care and control decisions…

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What Are the Differences Between Heirs, Beneficiaries, and Devisees?
Patrick & Associates, PLLC

What’s the difference between an heir and a devisee? Do you know what it means to be the beneficiary of a trust? Whether you are getting started with estate planning or facing the legal aftermath following a loved one’s passing, you’re sure to encounter many unfamiliar terms and concepts along the way. One area where…

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Can You Contest the Beneficiary Designation on a Life Insurance Policy or Retirement Account?
Patrick & Associates, PLLC

Here in Michigan, many people use beneficiary designations as a way to transfer some of their most important assets outside of probate — including retirement accounts, life insurance policies, annuities, brokerage accounts, bank accounts, and other securities.  Indeed, for many estates, these nonprobate assets can constitute a large portion of what the decedent distributes to…

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What Issues Can Come Up During Estate Administration?
Patrick & Associates, PLLC

Whether you are an heir or beneficiary to an estate or the personal representative responsible for guiding the decedent’s assets through the probate courts, it’s important to understand the legal aftermath that follows when someone passes away, commonly referred to as probate or estate administration. Broadly speaking, the term “probate” is often used as a…

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Power of Attorney, Guardianship, and Conservatorship: Understanding the Differences
Patrick & Associates, PLLC

What would you do if you found yourself in a position in which you needed to act on behalf of an incapacitated spouse, parent, or sibling — or required someone trustworthy to carry out your wishes and manage your affairs? To navigate these tricky situations with confidence and peace of mind, it’s crucial to understand…

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Understanding the Types of Minor Guardianship Available in Michigan
Patrick & Associates, PLLC

Broadly speaking, a guardian is a person who has legal responsibility for another person, and is put in charge of his or her well-being. Under Michigan’s Estates and Protected Individuals Code (EPIC), a guardian may be needed when an individual cannot make informed general care and control decisions for themselves, whether due to their age…

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In Michigan, What Does It Mean to Be Incapacitated?
Patrick & Associates, PLLC

In Michigan, it’s incredibly important to understand the concepts of guardianship and conservatorship — two legal ways to help maintain the well-being of an individual who is not able to care for themselves. In order to grasp the reality of guardianship and conservatorship issues, it’s also crucial to know what it means to be incapacitated,…

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Joint Tenancy Vs. Tenancy in Common Vs. Tenants by the Entireties
Patrick & Associates, PLLC

Whether you’re a married couple buying a home together; family members planning to share a vacation home or cottage; or business partners ready to purchase and develop an investment property, it’s important to understand the different ways in which real property may be co-owned here in Michigan. There are multiple forms of co-ownership for real…

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