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Blog Posts in Trusts

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  • Exceptions to Irrevocable Trusts
    Exceptions to Irrevocable Trusts

    An irrevocable trust cannot be changed unless applicable laws permit the type of change desired. The Michigan Trust Code, an extensive and complex body of statutory law that applies to all aspects of ...

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  • Choosing the Right Special Needs Trust
    Choosing the Right Special Needs Trust

    A special needs trust, which is also called a supplemental needs trust, can provide financial support for an individual with special needs without interfering with their ability to qualify for ...

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  • The Difference Between Per Capita and Per Stirpes Beneficiary Designations
    The Difference Between Per Capita and Per Stirpes Beneficiary Designations

    When you make a Last Will and Testament or establish a Trust, you designate beneficiaries to receive property under the Will or through the Trust . You can provide that beneficiaries inherit through ...

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  • Revocable v. Irrevocable Trust: What’s the Difference?
    Revocable v. Irrevocable Trust: What’s the Difference?

    Trusts are a valuable estate planning tool. A trust can accomplish a wide range of purposes. Since the goals determine the nature of the trust, there are many kinds of trusts. But every trust is ...

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  • Can a Beneficiary Enforce the Terms of a Trust?
    Can a Beneficiary Enforce the Terms of a Trust?

    If you are the beneficiary of a trust, you may not know what to do if it seems the trustee is not properly implementing the trust. Depending on the situation, you may have specific rights to enforce ...

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  • Should Everyone Have a Will?
    Should Everyone Have a Will?

    Do you want to let Michigan laws and courts decide the distribution of your property and management of your estate after you pass away? If not, you should consider having a Will, which is a legal ...

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