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Why might successful professionals need to file for bankruptcy?

When some people think about personal bankruptcy, they often picture those with limited resources and irresponsible personal habits. It is certainly true that there are types of bankruptcies specifically geared toward those with lower incomes and significant amounts of unsecured debt, specifically Chapter 7 bankruptcy. However, Chapter 7 bankruptcy is not the only type of  … Read more

3 benefits to having a health care directive in place

Many adults do not invest much in estate planning. They may delay the process or try to keep it as simple as possible, possibly by only creating a will. However, the average adult can benefit from a robust estate plan with an assortment of different documents to protect their interests under a variety of different  … Read more

How can I change my will in Michigan?

Your estate plan is not set in stone. You can make alterations to the vast majority of estate planning documents up until the moment that you pass away, as long as you have the mental capacity to make those changes. As a result, it is wise for people to know that updates to an estate  … Read more

How long does a Chapter 13 bankruptcy take to complete?

People often struggle with the decision to file for personal bankruptcy. Someone who has achieved some degree of professional success, in particular, may feel worried that a filing will affect their quality of life and their reputation in the community. Despite such reservations, those facing unconquerable debt or particularly aggressive collection efforts may eventually decide  … Read more

How should you choose a successor trustee?

Many adults who are drafting estate planning documents in Michigan consider adding a trust to their strategy. Trusts can shield people from taxes, protect assets from creditors, help people qualify for Medicaid and prevent beneficiaries from misusing inherited assets. There are many different kinds of trusts, some of which people fund at the time of  … Read more

How do you fund a buy-sell agreement?

Buy-sell agreements are contracts behind business partners that spell out how a partner’s share in the company will be obtained by the remaining partners when the partner in question dies or otherwise departs. But a buy-sell agreement doesn’t do much without a plan to fund it. Funding a buy-sell agreement involves securing the necessary money to facilitate  … Read more

3 tips for creating effective powers of attorney

Adults in Michigan need to both plan for their eventual deaths and also what they want to happen should they experience some type of medical incapacitation. Powers of attorney are among the specialized documents that the state of Michigan will recognize during someone’s incapacitation. Those who add powers of attorney to their estate planning paperwork will have  … Read more

What is an emergency bankruptcy filing?

In some cases, those who file for bankruptcy have been considering this opportunity for a long time. They’ve been slowly watching their debt become insurmountable. They may have been looking into all of their legal options and trying to determine what will work the best. But in other cases, filing for bankruptcy is an emergency  … Read more

What is a breach of fiduciary duty in estate planning?

While estate planning and thinking about what to do with your assets and estate is not the most pleasant situation, it is nonetheless a necessary one. If you do not make your wishes clear and do not establish parameters for how you want your estate to be handled, others will have no choice but to  … Read more

What do Michigan estate planning attorneys do?

Estate planning is an important process for adults in many different situations. People need to name a guardian when they have children and/or better ensure the right person will inherit their business when they die. The paperwork included in an estate plan can communicate somebody’s wishes to the Michigan probate courts and their family members.  … Read more

Let’s Talk AboutYour Financial Future. Call For A Consultation.

For trusted help in matters of bankruptcy, estates, business, taxation or real estate, we encourage you to contact us for a no-obligation consultation. During our first meeting at our Royal Oak office, over the phone or via videoconference, you will be introduced to your main point of contact who will work closely with you throughout your case. We will take the time to listen to your story, answer your questions and develop a plan for success. No judgment, just advice geared toward your financial goals backed by decades of experience.

Please call 248-927-2755 or send us an email to learn more or to schedule an appointment. We look forward to serving you.

Gudeman & Associates, P.C.

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Address

1026 W. Eleven Mile Rd.
Royal Oak, MI 48067

Phone

New Clients: 248-927-2755
Existing Clients: 248-546-2800
(248)-546-2800
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Sun: - CLOSED
Mon - Fri: 9:00 AM to 5:30 PM
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Address

1026 W. Eleven Mile
Royal Oak, MI 48067

(248)-546-2800
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