Category Archives: Estate Planning

Michigan’s Holographic Will Requirements

on 11/24/2015 by David Szostek

Michigan’s Holographic Will Requirements Under Michigan’s Estates and Protected Individuals Code (also known as “EPIC”), a will is valid if it is in writing, is signed by the testator (the person making the will) and is witnessed and signed by at least two other individuals. However, a will can still be considered valid even if …Read More

Piercing the Corporate Veil Basics

on 09/08/2015 by Clayton Jipping

Piercing the Corporate Veil Basics As many of you probably already know, one of the advantages of running a business as a corporation is the ability to limit the liability of its shareholders (owners). Generally speaking, shareholders are only liable for the amount of money they put into the corporation (in other words, their investment). …Read More

Use Estate Planning and Avoid Probate

on 06/30/2015 by Clayton Jipping

Use Estate Planning and Avoid Probate When a person dies, his or her assets are disbursed in accordance to his or her will or in accordance with the state’s intestate succession laws. Either process can occur through probate, which is essentially the legal process by which a decedent’s (person who has died) assets and debts …Read More

Probate Process in Michigan

on 06/23/2015 by Clayton Jipping

Probate Process in Michigan What is probate? In its simplest terms, probate is the legal process where the decedent’s (the person who has died) debts and liabilities are paid and the decedent’s assets are distributed to heirs (individuals receiving property if the decedent did not have a will) or devisees (individuals receiving property pursuant to …Read More