In order to express our gratitude and appreciation to all of the healthcare workers and first responders helping our communities, we want to extend a discount to each of them and their families on any estate planning services to help them protect and care for their own loved ones.
A specific Michigan statute, MCL The current provisions apply to persons who died after October 1, Different laws govern decedents who died prior to that date. The same result applies if any two or more individuals jointly lease a safe deposit box. If another person jointly leased the box with the decedent, specific procedures must be followed. The personal representative must open the box in the presence of an officer or employee of the institution owning the box.
The attorney will also be able to advise you as to other techniques that may be available to assure continued management of your assets in the event of disability. Such options may include durable powers of attorney or the use of trusts. The attorney, perhaps in concert with your accountant or tax advisor, can suggest a complete plan that protects your interests, carries out your wishes and saves substantial expense.
No matter how well-intentioned, improper advice can be very costly indeed. The Role of the Elder Law Attorney Planing for management of assets in the event of disability, protection of life savings and planning for distribution of assets upon death are major concerns of older persons and their families. Estate planning involves not only these matters but also includes the issues of health care planning, retirement questions and other special legal matters associated with aging.
The Elder Law attorney is particularly sensitive to the special needs of the older client and will be able to respond to these needs with advice and suggestions designed to protect assets and assure personal choice. This information is provided as a public service and is not intended as legal advice. If not, then how does one interpret this? Save my name, email, and website in this browser for the next time I comment.
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Traditionally, Thanksgiving is the holiday when the entire family, for better or worse, comes together. Dear Mr. Di Costanzo: Can my spouse access our jointly owned safe deposit box after my death? A recent case in Forsyth County provides a helpful reminder of the rules involved. Legal Briefs. While we strive to provide only quality links to useful and ethical websites, we have no control over the content and nature of these sites.
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