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Graham & Hubbert Law Office
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Here’s a guide to get you through the practical details of the first days, weeks, and months after the loss of a spouse. http://ow.ly/4am930jzoxf
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Surviving Emotional and Social Changes After Divorce

Divorce after fifty, also known as “gray divorce,” offers certain advantages: if your kids are grown, for instance, you won’t need to worry about custody issues, child support, or parenting time. That said, gray divorce offers its own unique challenges. http://ow.ly/Zqg330jznNu
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Remember to Update Your Beneficiary Designations

Don’t forget to remove your ex-spouse as beneficiary on your retirement accounts and other financial accounts. Failing to do so could result in a windfall for them worth hundreds of thousands of dollars.
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DIVORCE AND BANKRUPTCY

While many people struggle financially after divorce, it is also true that for many people, financial problems are part of the pressures that helped cause their divorce.

If you think that the financial problems you experienced during your marriage are severe enough that they might lead to bankruptcy, discuss this with your #divorce attorney. He or she will be able to advise you as to whether filing for #bankruptcy before divorce would be more advantageous to your credit than doing so afterward.
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Many couples have joint credit cards, home equity lines of credit, and other forms of indebtedness for which they are jointly liable during their marriage. How that debt is handled before and during a divorce can have a profound impact on your credit rating. http://ow.ly/E6MS30jzmm9
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You know that #divorce will affect your finances.

You may be losing your spouse’s income, or have to pay child support or spousal support. Your living expenses might well consume a larger percentage of your household income.

One question you may have forgotten to ask yourself, though, is “how will my divorce affect my credit?” http://ow.ly/3rLN30jzm3Q
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#familylaw #divorceattorney #michigandivorce #coparenting #michiganlegal
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A living trust is an efficient way for most people to maintain control of their assets during their lifetime and pass those assets directly to loved ones after their death. Living trusts are “revocable,” which is to say that you can revoke them at any time until you die or become legally incapacitated. You can also revise and update them, and it’s sometimes wise to do so.

WHEN AND HOW SHOULD YOUR UNDATE YOUR LIVING TRUST? http://ow.ly/UaSr30jzntO
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If you’ve been named the executor of an estate, you’re likely trying to make sense of your obligations and carry out your duties. Serving as executor (also known as a personal representative, or PR) of a deceased person’s estate is a serious responsibility.

Your primary job is to protect the assets of the estate until such time as they can be distributed to heirs. That job encompasses many tasks, including opening the estate, gathering and inventorying assets, notifying heirs and creditors, paying taxes, and filing accountings. Many tasks are difficult to manage if you live hundreds of miles away.

Fortunately, you don’t have to undertake this work alone. http://ow.ly/o9Ze30jzlQn
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If you are wondering if you should allow your estate to go through probate, speak with your estate planning and probate attorney.

When your attorney understands your concerns and goals, he or she can help you create an estate plan specifically designed to minimize problems and achieve your aims. That may mean avoiding probate altogether, minimizing your probate estate through the use of living trusts and other devices, or allowing your entire estate to go through the Michigan probate process. http://ow.ly/eZWK30jzloN
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DID YOU KNOW?

In #Michigan, as in most states, the services of a probate #attorney are payable from estate funds, not out of the pocket of the personal representative of the #estate. http://ow.ly/ASVV30jzkYJ
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