Articles Posted in Estate Planning

Amending or Updating a Will in Michigan
Patrick & Associates, PLLC

A will is an important estate planning document for anyone who is looking to prepare for the future care of their family and assets. Wills are one of the most cost-effective ways to plan for the distribution of your estate. If you do not choose, the State makes those crucial decisions for you — and…

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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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Closing and Reopening a Decedent Estate in Michigan
Patrick & Associates, PLLC

If you are currently facing the legal aftermath following the passing of a loved one, you are sure to have questions. Whether you are an heir, a beneficiary, or have been named as a personal representative, it’s important to understand the ins and outs of the process that the deceased’s estate succumbs to in the…

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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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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 10 Common Types of Trusts in Michigan
Patrick & Associates, PLLC

Preparing a comprehensive estate plan can help ensure that your most important assets will be managed in accordance with your wishes both during your lifetime, and after you pass away. Just as crucially, your estate plan can help ensure that your loved ones will be supported during a difficult and emotional time. Here in Michigan,…

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