Areas of Practice
Dakroub Group, is a law firm based in Southeast Michigan that specializes in the areas of estate planning, probate, and business entities/corporate law. Besides offering comprehensive legal services to a variety of individuals and families, our firm’s #1 goal is client satisfaction.
While nobody wants to think about death or disability, establishing an estate plan is one of the most important steps you can take to protect yourself and your loved ones. Proper estate planning not only puts you in charge of your finances, it can also spare your loved ones of the expense, delay and frustration associated with managing your affairs when you pass away or become disabled.
Ever wonder what kind of alternatives there are for wills and trusts? What if the main/only asset you own is your home? Can your estate beneficiaries still avoid probate court without needing a trust?
Many people have preconceived notions about trusts and believe that they are only for multi-millionaires who wish to leave large trust funds to their children. However, this is far from the truth; trusts can be invaluable tools in the estate plans of millions of individuals.
A will may be a more cost-effective estate planning tool than a trust up-front. However, wills go through probate, a process that may be costly and time-consuming. You may end up paying more in the long-run with a will-based estate plan than a trust-based estate plan.
Many parents put off estate planning because they do not think they have substantial assets to protect. This outlook is common among young adults who think they have plenty of time to accumulate wealth and plan for it at a later date. However, in failing to create a proper estate plan, many parents cannot adequately protect their children.
If you currently provide care for a child or loved one with special needs (such as mental or physical disabilities), you must have contemplated what may happen to him or her when you are no longer able to serve as the caretaker.
When a loved one passes away, his or her estate often goes through a court-managed process called probate or estate administration where the assets of the deceased are managed and distributed.
For some members of our society, legal protection may be necessary even after they have entered adulthood. These individuals may have been injured in an accident, continue to suffer from an incapacitating physical illness or psychological disorder, or have some other condition that prevents them from caring for themselves. In these cases, a guardianship may be established.
Nontraditional families take many forms – a grandmother raising a grandchild via an informal custodial arrangement, an unmarried couple with children and perhaps stepchildren, a couple in a same-sex marriage. In June 2015, the U.S. Supreme Court ruled that the Constitution guarantees the right to same-sex marriage which affords them most of federal privileges available to traditional couples.
Our firm advises and represents business owners, entrepreneurs and managers on a wide range of legal and business matters. We work with startups in selecting and forming business organizations and provide advice on licensing and more. We also assist clients who are looking to buy or sell a business.
A company cannot survive without an able owner or manager at the helm. In the event of a key person’s sudden death, illness, or retirement, businesses are often left scrambling to find a suitable replacement. By consulting with a qualified attorney, large corporations and small businesses alike can avoid a tumultuous transition by establishing a succession plan.