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What is a Cottage Trust?
April 4th, 2025
A cottage trust is a legal tool designed to help families preserve their cherished cottages for generations. In Michigan, many families own cottages that hold great sentimental value and serve as gathering places for loved ones. However, passing down…
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Don't Forget Your Pets in Your Estate Plan!
June 10th, 2022
Legally, pets are considered property. But anyone who actually has a pet understands that they are much more than that—pets are members of the family. You create an estate plan to protect the human members of your family. But have you considered es…
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The Importance of a Living Trust in Michigan
January 22nd, 2021
If you are making or updating an estate plan, you may be wondering if a living trust should be a part of it. You may be under the impression that trusts are complicated or only for the wealthy. In reality, trusts offer a host of benefits, and you don…
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What Should I Do if a Trustee or Personal Representative Isn’t Doing Their Job?
January 2nd, 2020
With the death of a loved one, normal routines and patterns can be thrown into disarray. That is why we encourage our clients to create an estate plan: so that in the days following a death, a trusted person can manage the assets of the deceased (dec…
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Categories: Trusts
What Information Does a Trustee Owe a Beneficiary of a Trust?
October 9th, 2019
From the perspective of the person creating a trust (called the settlor or grantor), a trust may have many advantages: probate avoidance, the ability to exert control over assets left to children and grandchildren, and the security of the knowledge t…
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Categories: Trusts
Do I Need A Trust In Michigan?
December 26th, 2018
One of the most common questions I am asked by a new client in an initial estate interview is “Do I need a trust?” The following are circumstances where a trust might be necessary or helpful to your asset planning: Tax Planning A trust ma…
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