With the variety of trusts available, you may find a particular type that will best serve your current family situation. Right now your adult children may be struggling with personal issues that result in reckless spending or poor financial decisions. Creating a...

While wills are an important part of all estate plans, trusts are also beneficial. According to CNN Money, living trusts are established while you are still alive. Like wills, they disperse assets to loved ones after you are gone. However, they provide more control...

While tending to estate planning, you learn about different trusts. You cannot take the one-size-fits-all approach when tending to your legacy, so which trust fits your situation the most favorably? CNN Money explains several trust options. See which type you may want...

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...

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...

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...

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...

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. ...

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...

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,...