Your Estate Plan and Your Safe Deposit Box

If you have an estate plan and a safe deposit box (SDB) you may be wondering one of two things. First, can (and should) you re-title your SDB in the name of your trust? Second, is your SDB a good place to keep your estate plan documents? This post will address both questions. Read More

Should Your Vehicle Be In Your Trust?

Estate planning attorneys can never stress enough the importance of “funding” your trust – ensuring that assets that you intend to pass by the terms of your trust actually do so.  Funding is accomplished by retitling assets or changing the beneficiary on the asset to the trust. You may be surprised to learn that your vehicle does not need to be retitled to your trust in order to avoid probate court. In fact, unless you have vehicles in excess of $60,000 in value, we generally advise against doing so for the following reasons. Read More

The Basics of Serving as a Trustee

Serving as the trustee to a trust is a responsibility that comes with many obligations and duties. The following provides those factors that are taken into consideration in Michigan in determining whether a trustee is fulfilling his or her duties, whether you are: Read More