A: In drafting a revocable trust in Michigan, I typically start with my client's goals. Some clients just want a simple revocable trust that simply transfers property in a certain after their death while others want to direct how money and property is to be managed after their gone. Typically, you will manage your trust assets during your lifetime. You will pick an individual or business to act as successor trustee and manage the trust assets after your death. In addition to deciding who will act as successor trustee, you will need to decide how you want trust assets to be transferred.
There are a lot of decisions involved in creating a revocable living trust in Michigan and it's best
to be guided by a knowledgeable attorney. ... Read More