Blog Posts in April, 2017

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  • Domestic Asset Protection Trusts Are Now Legal in Michigan
    Domestic Asset Protection Trusts Are Now Legal in Michigan

    Effective March 8, 2017, Domestic Asset Protection Trusts (DAPTs) are legal in Michigan. This complete reversal of previous law is the result of two laws enacted by the Michigan legislature at the end ...

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  • "Trial & Heirs'" Top Five Tips to Avoid Common Estate Planning Mistakes!

    WGN recently interviewed two partners of our firm, Andrew W. Mayoras and Danielle B. Mayoras, where they discussed “Trial & Heirs'” Top Five Tips on how to avoid some very common estate planning ...

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  • Trade Life Insurance for Long-Term Care
    Trade Life Insurance for Long-Term Care

    Time for some good news. It is getting a bit easier for Americans to purchase long-term care insurance for themselves or their family members. About time, too: The average cost for nursing home care ...

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  • The Power of a Living Trust: Top 7 Reasons Why You Need One
    The Power of a Living Trust: Top 7 Reasons Why You Need One

    It is a major mistake to not have any legal instrument in place organizing what will happen to your estate if you pass. But it is a major mistake not to have a living trust. As you’ll see after ...

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  • Dementia Prevention
    Dementia Prevention

    A common form of dementia that’s often mistaken for Alzheimer’s can be prevented with good health habits, a new report says. Vascular cognitive impairment, the second most common cause of dementia, ...

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  • Michigan Personal Representative and Trustee Duties: When Siblings Can't Agree How To Jointly Administer an Estate or Trust
    Michigan Personal Representative and Trustee Duties: When Siblings Can't Agree How To Jointly Administer an Estate or Trust

    If siblings or other family members are co-personal representatives administering an estate, or co-trustees of a trust, then they both have decision-making power. But if they are at odds with one ...

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