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What Are the Different Types of Trusts, and How Do They Work?

​​When it comes to managing assets and planning for the future, trusts can play a powerful role. A trust is a legal arrangement that allows one party to hold and manage assets for the benefit of another. Trusts can help individuals control how their wealth is distributed, minimize taxes, and protect assets from creditors.

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How Can You Speed Up the Probate Process After a Loved One's Death?

When someone passes away, their estate often goes through probate before assets can be distributed. In Michigan, this process can take several months or even years, depending on the size of the estate and whether any disputes arise. However, there are several practical steps that can help move things along more quickly.

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How Can You Avoid Common Estate Planning Mistakes?

Estate planning is a critical part of managing your assets and making sure that your wishes are respected after you pass away. It can also help reduce the stress and confusion that your loved ones might experience during a difficult time.

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What Are the Essential Elements of a Legally Binding Contract?

In business law, understanding the essential elements of a legally binding contract is fundamental for individuals and organizations alike. In Farmington Hills, Michigan, a contract serves as a crucial agreement that outlines the rights and obligations of the parties involved, providing guidelines for business transactions.

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How Can You Resolve a Civil Dispute Without Going to Trial?

When faced with a civil dispute, many people assume the only resolution lies in court. However, the courtroom isn’t the only place to resolve disagreements. In fact, avoiding trial can save you time, money, and stress.

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Setting Up a Trust

Creating a trust can be one of the most effective ways to secure your family’s financial future and manage your assets. Whether you’re safeguarding property for your children, preparing for long-term care, or minimizing estate taxes, setting up a trust provides a tailored solution for your specific needs.

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Dying Without Naming a Legal Guardian for Your Children

At the Law Office of Blake P. Lipman in Farmington Hills, Michigan, the attorney strives to help parents take proactive steps to protect their children’s future, including naming a legal guardian. In Michigan, failing to designate a guardian in your estate plan can lead to significant uncertainty for your children and your family.

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How Long Do You Have to File Probate After Death?

When a loved one passes away, dealing with the legal aspects of their estate may be one of the last things on your mind. However, understanding the probate process and its associated deadlines is crucial.

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How Long Does the Probate Process Take?

When someone passes away, their estate often goes through a legal process known as probate. This can be a difficult time for families who are already dealing with loss.

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When Might a Parent Be Awarded Sole Custody?

Child custody matters can be tough and emotional for any parent. If you're seeking sole custody of your child(ren), it's important to understand the factors involved. Attorney Blake P. Lipman, an experienced litigator, offers insights on this crucial issue.

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