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Aldrich Legal Services
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Trusted Michigan Law Firm Offering Counsel for Criminal, Business and Real Estate Issues and More.
Trusted Michigan Law Firm Offering Counsel for Criminal, Business and Real Estate Issues and More.

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Can an app be used for quicker DUI search warrants? http://bit.ly/2rmiCQQ

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Which is better for children: pooled trust or separate trusts? http://bit.ly/2rJ6CpJ

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Is an IRA marital property subject to division? http://bit.ly/2qX8IFi

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Digital assets and estate planning http://bit.ly/2qRzj6v

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Child Support Modification http://bit.ly/2rjt1cZ

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A divorce shouldn't thwart your estate planning goals
On behalf of Aldrich Legal Services posted in Estate Planning on Tuesday, March 14, 2017.

We all know that divorce is not easy, no matter how ready you may be to get out of a troubled marriage. There are certainly emotional hurdles to overcome as you move on with life, and the financial hurdles may take longer to get over than you may anticipate. Because of this, some people may abandon their estate planning endeavors because they have to make ends meet.

While we understand that you don’t want to spend the next part of your life in financial peril, there are a number of things you can do ensure that your wishes will be honored (and your estate is properly protected) when you pass away. This post will highlight a few.

Be certain about post-divorce property ownership – Marriage inherently takes what is considered separate property and transforms it into joint property. Divorce is supposed to undo this status, but it is not so easy to do. As such, knowing what you own free and clear from your previous spouse is critical.

Consider placing property into a trust – Besides the ease of transferring property outside of probate, a trust can protect a child’s interest in a property in the event a divorced parent remarries. Essentially, the next spouse cannot “disinherit” a child from a previous marriage that could be entitled to property if he or she is a beneficiary to the trust.

Update beneficiaries – Like the changes that come with a divorce, you also want to make sure your beneficiaries are updated in your estate plan. You may have no love lost for your former spouse, but it would be horribly ironic to have them inherit property if you pass away.

For more information about protecting your estate, contact an experienced attorney

Get your free consultation now - (734) 404-3000

Visit our website for more information - http://www.aldrichlegalservices.com/

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Should college students have wills?
On behalf of Aldrich Legal Services posted in Estate Planning on Wednesday, March 29, 2017.

If your child is getting ready to graduate from high school this spring, you are probably amazed with how quickly the years have gone by since they first started kindergarten. This also means that you are getting older too, and you have probably been advised about how important it is to have a will as part of your estate plan. But should you advise your new college bound child to have one too?

The reality is that an incoming college freshman is about as concerned about an estate plan as he or she is about planning for retirement. They are essentially starting a new life, so they are hardly concerned with planning for the end of their life. Instead, fitting in and paying their bills are paramount. Nevertheless, adults at all stages of life can benefit from having an estate plan; even if it is as simple as a basic will or power of attorney.

Basic estate planning documents are critical given the number of digital assets the average college student already has (such as online social media accounts and musical holdings) and stands to accumulate throughout their college experience.

To properly follow a tech company’s procedures for transferring digital assets, it is important to have a will in place to identify the proper people who can take custody of these assets, regardless if it is you (as a parent) or another loved one. If you have questions about how to structure a will for a college student, an experienced estate planning attorney can help.

The preceding is not legal advice.

Get your free consultation now - (734) 404-3000

Visit our website for more information - http://www.aldrichlegalservices.com/

#collagestudents #realestatelitigation #mortgage #mortgageforeclosure #realestatelaw #realestate #law #probatelaw #probatelitigation #probatecourt #probate #court #powersofattorney #powerofattorney #power #powers #willstrusts #wills #trusts #willsandtrusts #estateplanning #estate #planning #paternity #fathersrights #modifications #divorce #divorceattorney #divorcelawyer #childsupport #child #support #custody #childcustodylawyer #familylaw #family #law #attorney #lawyer #lawfirm #criminaljusticeattorney #plymouth #waynecounty #michigan #MI #familylawattorney #familylawlawyer
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Are you required to provide ID as a passenger? http://bit.ly/2qH9dmP

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Understanding the flexibility of trusts for estate planning http://bit.ly/2q17HuD

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Is obtaining a Medical Marijuana card after a traffic stop a good defense? http://bit.ly/2q3lzm0
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