On behalf of Bingham Legal Group PC | Oct 28, 2020 | Trust Administration
A trust makes a solid estate planning tool. This type of arrangement allows you to put assets in a trust and assign a trustee. Upon your death, the trustee will manage the ownership of the assets in the trust, and he or she has the responsibility to distribute the...
On behalf of Bingham Legal Group PC | Oct 27, 2020 | Trust Administration
If you are creating a trust for the first time, you might wonder how a trustee should act in the position. Choosing the right person is important since your trustee will have the responsibility of administering your trust and seeing to it that your beneficiaries will...
On behalf of Bingham Legal Group PC | Oct 20, 2020 | Firm News
The saying “it is never too early to make your will” is correct. It is also correct that updating your will does not require a special checkpoint either. Michigan law provides a couple of ways to update your will easily and comprehensively depending on...
On behalf of Bingham Legal Group PC | Oct 16, 2020 | Probate Administration
Sometimes, people have complaints about elements of an estate plan or a will. The best way for you to avoid this is typically to consider the human element while planning for the future. However, even the best plans sometimes fail to address every possible outcome....
On behalf of Bingham Legal Group PC | Oct 14, 2020 | Probate Administration
Understanding the probate and estate administration process can help you make important decisions about your will. In Michigan, specific requirements determine whether a will must go through probate, or court supervision, after you die. Review the probate laws in...
On behalf of Bingham Legal Group PC | Oct 7, 2020 | Estate Planning
The majority of people are at least familiar with the role of a will in distributing a deceased person’s assets, but many people are far more hazy about living trusts. In fact, a comprehensive estate plan usually involves both a will and a living trust. Living...
