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...
by Bingham Legal Group PC | Mar 18, 2019 | Firm News, Trust Administration
If you live in Michigan and are planning your future, setting up a trust is often a smart move, but there are various types of trusts to choose from. If you are philanthropic and are looking for your own estate tax benefit, a charitable trust may be a good option....
by Bingham Legal Group PC | Mar 6, 2019 | Firm News, Trust Administration
Parents in Michigan often leave the proceeds from their estate to their children and grandchildren. However, if a child has special needs, having a trust that provides for them after your death is critical. The team at Bingham Legal Group PC has experience helping...
by Bingham Legal Group PC | Feb 1, 2019 | Firm News, Trust Administration
You have many options if you are thinking about setting up an estate plan, whether you decide to go forward with a special needs trust for one of your loved ones who struggles with a disability or some other type of estate plan. It is important to consider many...
by Bingham Legal Group PC | Jan 19, 2019 | Firm News, Trust Administration
When it comes to trusts, there are many different options for people to choose from. However, it is essential to find out which trust will suit your needs best. In this blog, we will examine some of the ins and outs of testamentary trusts, which can be a bit confusing...
by Bingham Legal Group PC | Dec 12, 2018 | Firm News, Trust Administration
Living trusts are a great estate planning tool. However, it’s important to understand exactly how trusts are created, as well as what they can do, to ensure your needs are met. There’s a lot of misinformation surrounding living trusts, which The Balance attempts to...
