Alvin, TX Estate Planning Law Firms & Lawyers

If the person granting the Lowe is competent now, but planning for a future incompetence, you would use a durable power of attorney and a medical power of attorney and hipaa form. If he power grantor is presently incompetent, you need a judicial guardianship.

If your seven grandchildren are over the age of 18, all you need to do is write a simple will leaving the lake house to each of them by name in equal shares. If they are minors, and you expect that may not all be of legal age to take possession of property, you can leave the lake house in your will to their parents for the use and benefit of your grandchildren. Both you and your spouse should make sure you have wills in place and consult a local estate planning attorney to draft these documents for you so that your family will have no complications wrapping up your affairs.

This is a complex question because it can happen. Does the surviving spouse have any rights. Possibly. She may have a dower interest in any real estate owned by the husband she did not sign off on which was transferred to the trust or corporation during their marriage. A spouse may also be entitled to any 401(k) funds from a pension unless the spouse signed off on a transfer or change of beneficiary. Under Michigan law you have a spousal allowance, an exempt property allowance and a homestead allowance for all property required to be probated.