Articles Posted in Trusts

The Downsides of DIY Estate Planning
Patrick & Associates, PLLC

You may be familiar with the concept of “Do It Yourself,” or “DIY.” In short, this ethos is all about tackling important projects on your own, without having to involve professionals. Most people associate DIY with homeowners researching solutions, buying their own tools, and getting to work making fixes and repairs around the house. Other…

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What Can a Probate and Estates Attorney Do for You?
Patrick & Associates, PLLC

When you have a foot problem, you go to the podiatrist. When you have a heart problem, you go to the cardiologist. When you want to complete your estate plan or are forced into the probate courts, you need to go to an established probate and estate planning attorney.  Michigan probate attorneys focus on the…

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Unpacking 7 Myths About Estate Planning and Probate
Patrick & Associates, PLLC

Estate planning is one of the most useful and important steps you can take to prepare for the future — but it is also one of the most commonly misunderstood.  There are plenty of myths and misconceptions out there about estate planning and probate, which hold people back from taking action when they have the…

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FAQ: What Is the Estates and Protected Individuals Code, or Epic?
Patrick & Associates, PLLC

If you spend any time researching matters relating to guardianships, conservatorships, wills, trusts, and estate administration in Michigan, you’re bound to come across the phrase “EPIC.” Short for “Estates and Protected Individuals Code,” this refers to the act that governs matters relating to the administration of estates of deceased persons and protected individuals in our…

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“My Loved One Just Passed Away in Michigan. What Are My Next Steps?”
Patrick & Associates, PLLC

Losing a loved one can be an incredibly difficult time. On top of the understandable grief and devastation at losing someone dear — whether a parent, sibling, spouse, or grandparent — this moment can also bring confusion and uncertainty. There are many logistical steps and important decisions that must be taken after someone dies in…

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FAQ: ‘How Long Does Probate Take in Michigan?’
Patrick & Associates, PLLC

The probate court is not a comfortable setting for handling an estate. Not only are the emotions and stress high from losing someone dear, the process can either be long and arduous, quick and painless, or avoided altogether. With that said, many people often wonder just how long the probate process will take, from beginning…

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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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Understanding the Important Responsibilities of a Trustee
Patrick & Associates, PLLC

Dealing with the legal aftermath of a loved one’s passing can become complex, emotional, and time-consuming — particularly if you are named to serve as a trustee during the administration of your loved one’s estate. Put simply, a trustee is the person responsible for managing and distributing any of the assets held in a trust,…

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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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