In several posts on this blog, we discussed setting up a trust plan to make sure your pets are taken care of if you are incapacitated or pass away before they do. As we pointed out, a pet trust may be the most effective way in ensuring the needs of your “fur...
Month: January 2017
Tips for choosing your executor
Naming your executor is one of the most important decisions you make when you draw up your will or establish a trust. You want someone with good business sense as well as good old-fashioned common sense. Some estate matters can be very complicated, and your executor...
Can you protect your inheritance from debt collectors?
The death of a loved one is always difficult, but receiving an inheritance may soften the blow and reassure you that you were loved by your family member. Naturally, you and other Detroit residents would want to put an inheritance to good use, such as purchasing...
The myth of “avoiding probate”
When you and other Detroit residents are taking care of your estate planning, you may consider the best ways you might help your family members avoid disputes over who receives your heirlooms and other property. At the , we have often heard...
Are trusts only effective for the wealthy?
You may be considering setting up a trust fund to benefit your loved ones after your death. Like many Detroit residents, you might also be thinking about developing a trust that can be put into effect while you are still alive, especially if you are worried that you...