What is a Lady Bird Deed
Sep 28, 2011
A Lady Bird Deed in technical terms is a deed which transfers from the transferor to the transferee an enhanced life estate.The Lady Bird deed was named after Lady Bird Johnson, because allegedly, Pres...
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What is a Holographic Will in Michigan
Sep 25, 2011
A Holographic will is generally defined as a Will written entirely by the testator in his or her own handwriting and is not witnessed.Black's Law Dictionary659 (5th ed. 1979)
Each state has different ...
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How to Settle a Revocable Living Trust in Michigan
Sep 25, 2011
After all the Grantors of a Revocable Living Trust have passed, it falls on the Successor Trustee appointed by the trust itself to settle the estate.If the trust has been properly funded (all assets ow...
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Estate Planning to Avoid the Probate Process
Sep 25, 2011
When you pass, everything you own that is title in your name and is not otherwise disposed of has to be distributed.If it doesnt go to someone else it goes to the State (called Escheat).
In truth ther...
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What is a Power of Attorney
Sep 25, 2011
What is a Power of Attorney
Very simply put, giving someone Power of Attorney is giving that person the right to act in your place.The attorney power is a voluntary thing, you have the right to give i...
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What is VA Pension for Veterans?
Sep 21, 2011
The
VA Pension for Veterans is a needs based pension paid to veterans who are sixty
five or older, or if under sixty five, are permanently and totally disabled.
If
you are more seriously disabled y...
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What is a Mortgage Modification
Sep 20, 2011
If you find yourself owing more on your mortgage than your home
is worth, you may want to consider a Mortgage Modification.
A Mortgage Modification is a process where you may be
able to change...
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Estate Planning Essentials
Sep 20, 2011
The real question when starting to plan your estate, is What do
you want done?
The real question when starting to plan your estate, is "What do you want done?"
Think about your biggest concerns. E...
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