Archived
I would like to place my 2nd home in Michigan state into an estate. I would like to protect from future creditors.
Donald's answer
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Answered on May 07, 2013
Michigan does not have an asset protection trust statute at this time. Ohio recently adopted one which is highly rated. Asset protection trusts...
What does I direct unsupervised administration of my estate mean?
Donald's answer
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Answered on May 03, 2013
I am assuming for the purposes of this answer that your mother is or was a Michigan resident at the time of her death. In Michigan it is possible...
Archived
Right of a beneficiary.
Donald's answer
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Answered on April 30, 2013
A trust agreement, even after the death of the grantor of the trust, may have provisions for many different beneficiaries, some immediately...
Do both co-trustees need to sign updated Certificate of Trust?
Donald's answer
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Answered on April 30, 2013
I agree with the prior answers but would add that the requirement of the concurrence and joinder of both are needed for actions to be taken in...
Archived
Trust Document and Will
Donald's answer
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Answered on April 30, 2013
Michigan statute requires that the custodian of a will, upon learning of the death of the maker, is required to file the will with the probate...
Declination of successor trustee
Donald's answer
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Answered on April 30, 2013
Unless the trust requires acceptance within a specific period of time, the answer is a reasonable period of time. What is reasonable depends on...
Archived
I am 21 years old and my brother is 20 do we have to get a trust fund. please help me out i need your help
Donald's answer
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Answered on April 30, 2013
It is likely that part of the lawsuit was a claim on behalf of you and your brother for your loss. You should consult with the attorney who...
Archived
MI Trust all trustees (including myself as successor) need to decline. Now what?
Donald's answer
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Answered on April 22, 2013
Any existing trustee needs to register the trust and seek instruction from the Probate Court. MCL 700.7209 provides instruction as to where the...
Archived
How do I protect my personal assets from any lawsuit filed against my wife?
Donald's answer
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Answered on April 12, 2013
I must respectfully qualify the prior posting. Whether you have joint assets which would be vulnerable to a claim by the ex-husband would depend...
Archived
How do i know if a sister had a DPA to sign quitclaim? would the lawyer who drew up thedocument. have proof? could i ask lawyer?
Donald's answer
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Answered on April 05, 2013
It is not clear from your questions who the decedent was or where the decedent (1) lived) or (2) had property. It is not clear from your question...
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