Does a Trustee Get Paid for His or Her Duties?

The trustee of a trust is a fiduciary, which means that he or she has a strict duty to follow the instructions of the decedent as outlined in the trust document. He or she also must comply with the law and place the interests of the trust’s benefic… Read More
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What is a VA Asset Protection Trust?

A VA asset protection trust is specifically designed to protect a veteran’s assets while still maintaining eligibility for benefits that are unique to veterans. This is an irrevocable trust, in that the assets cannot be removed from the trust once… Read More
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Can I Transfer the Title of a Vehicle if Its Owner Has Died?

Whether you can transfer the title of a vehicle belonging to a deceased owner depends in large part on your relationship to the deceased owner, how the title is held, and whether there is an estate that is in probate. The easiest situation is if you… Read More
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If My Parent Goes Into a Nursing Home, Am I Responsible for Paying for It? What About Their Other Debts?

While it is possible that you may be responsible for your parent’s nursing home costs, it is not likely. Federal Medicaid law prohibits long-term care facilities from coming after the adult children of their patients who are receiving Medicaid for… Read More
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What is a Castle Trust and How Does It Work?

A Castle Trust is a comprehensive type of trust that is designed not only to protect your assets from the costly, time-consuming probate process, but also to protect your children’s inheritance from divorce and creditors and your own assets from th… Read More
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Protecting Your Loved Ones From Elder Abuse

As our loved ones age and develop mental or physical impairments, they become more vulnerable, and, as a result, elder abuse, neglect, and exploitation can more easily occur. Whether the abuse is physical, mental, financial, or otherwise, serious con… Read More
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Do I Really Need a Will if I’m Not Married?

Although estate planning may seem like a complex, costly, or unnecessary process, failing to make an estate plan can be more serious than you think. While an unmarried person may not necessarily need a complicated estate plan, some level of estate pl… Read More
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Should I Get Long-Term Care Insurance?

How to finance long-term care is an important question that you must address, as the likelihood of needing long-term care continues to increase and the costs of long-term care continue to rise. As long-term care insurance premiums have drastically in… Read More
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Changes to Michigan’s Probate Law Soon Will Become Effective

The Michigan legislature recently enacted Public Law 13 and Public Law 14, which provide for significant reforms for public administrators handling probate estates. The Attorney General’s office appoints county public administrators to handle estat… Read More
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Predictions for Estate Planning in 2018

According to a recent article published by Private Wealth Online, this year is likely to bring an increase in estate litigation, a rise in disputes concerning arbitration clauses in wills and trusts, and an expansion in the scope and usage of no cont… Read More
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