On behalf of Bingham Legal Group PC | Dec 21, 2020 | Trust Administration
When it comes time for people to designate a trustee for their estate in Michigan, they should spend adequate time selecting someone credible. Because the duties of a trustee require access to personal records and confidential information, people should choose someone...
On behalf of Bingham Legal Group PC | Nov 19, 2020 | Trust Administration
As the parent of a Michigan child with a disability, you face unique estate planning considerations many of your peers may not. Your main concern may be to figure out how to set aside a legacy for your child that is not going to hinder his or her ability to access...
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 | Jul 22, 2020 | Trust Administration
If you are a beneficiary of a trust, you must rely on the trustee to complete his or her duties and manage the assets in the trust properly. If you feel this person is not doing a proper job, you may be able to have the court remove him or her from the position. ...
On behalf of Bingham Legal Group PC | Jun 19, 2020 | Trust Administration
Getting married after being divorced or widowed offers people an opportunity for a positive family life. However, people considering a second or subsequent marriage should evaluate their current and future financial affairs carefully before walking down the aisle. In...
On behalf of Bingham Legal Group PC | Jun 4, 2020 | Trust Administration
A trust administrator must understand the trust to know how to properly manage it, which requires understanding the trust language and the general aspects of this type of document. Forbes explains that you should know the trustor is the person who created the trust,...
On behalf of Bingham Legal Group PC | Jan 22, 2020 | Trust Administration
Michigan parents looking for ways to pass on their residences to family members sometimes find that they can benefit from a qualified personal residence trust (QPRT). A QPRT is a trust that allows you to remove value from your home before transferring it to an heir....
On behalf of Bingham Legal Group PC | Dec 3, 2019 | Trust Administration
You have many options for protecting your assets for yourself and your heirs both while you are alive and after you are gone. At Bingham Legal Group PC in Michigan, we have seen the many benefits that people enjoy after setting up a revocable living trust. As the name...
On behalf of Bingham Legal Group PC | Jun 19, 2019 | Trust Administration
When planning your Michigan estate, you have your choice of several tools. One such tool is a trust. If you are like most people, you are familiar with two types of trust — a revocable trust and an irrevocable trust. However, these two options are the most basic of...
