Have you been thinking about starting your Estate Planning, but have no clue where to start? Did you know that you aren’t bound to one type of Trust? Trusts come in many “flavors.” They can be modified to accommodate your lifestyle. Here are five examples
Many clients ask if they need a trust. It's a great question, but it leads to another: What do you want your plan to accomplish? There are many types of trusts, but when people talk about a trust, they are usually thinking of a Revocable Living Trust.
When we think about heirs fighting over assets, it is the big ticket items that typically come to mind, such as the family home, investments, bank accounts and the like. However, it is often items of sentimental value—a mother’s necklace, for example, or
Are you creating a trust in Michigan for managing your assets? If so, you need to spend some careful time thinking about the role of trustee. For any trustee who is installed in this important role, it is important that they be familiar with the trust
Does a Michigan living trust avoid probate and prevent control by the court if I'm incapacitated? If something happens to you and you're no longer able to take actions or make decisions for yourself, you'll want to have estate planning strategies and tool
If you already put together a trust in Michigan but want to change it, this is a big benefit to using revocable tools in the first place. But it’s not as simple as crossing out parts that you no longer want to honor. With an older trust, you need the help
One of the most common reasons to select a living trust in Michigan is to ensure that your wishes are properly followed during the course of your life and after you pass away. Property that is stored inside a living trust does not go through probate co
A trust is an estate planning tool that comes in many different varieties, all designed to help you accomplish various aspects of your estate plan. A trust needs to have a few crucial elements in order to accomplish these goals and to help you with the ma