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Types of Trusts

10 Types of Trusts: A Quick Look Considering the myriad of trusts available, creating an estate plan that works can seem daunting.  However, that’s what we, as estate planning attorneys, do every day. We know the laws and will design…

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Stress Test Your Estate Plan

Estate plan updating So you've done the hard work of establishing an estate plan. There is still plenty of work to do to ensure that your estate plan and the strategies in them continue to work correctly. Keeping it up…

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Trust Funding

Funding of a trust is crucial to effective estate planning. Without proper funding, a trust is merely an expensive pile of paper. In re Living Trust, unpublished per curiam of the Court of Appeals, issued January 29, 2015 (docket no.…

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Probate

Probate in Michigan Probate has become the modern bugaboo. However, it is not as bad as some make it out to be. It has particular advantages and disadvantages that require a thoughtful evaluation to determine if they are right for…

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Long-Term Care and Medicaid

Medicaid, long-term care, and your spouse We as Americans are living longer. The longer we live, the more likely it is that we will spend time in a skilled-nursing facility or nursing home. Skilled-nursing facilities are very expensive and are…

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