Michigan trusts

Home/Tag:Michigan trusts

Navigating Through A Trust Dispute

Trust is a word with multiple meanings. We all know trust means that you have firm belief in the reliability, truth, ability or strength of someone else. Trust also has a legal definition, which pertains to an arrangement whereby a person (the trustee) holds an asset such as property or money for the benefit of [...]

MICHIGAN WELCOMES DOMESTIC ASSET PROTECTION TRUSTS (DAPTs)

It’s been just over a month since Michigan became the 17th state to allow Domestic Asset Protection Trusts (DAPTs). Effective March 8, 2017, these irrevocable trusts primarily assist in shielding one’s assets from creditors and estate taxes, with the goal of keeping your wealth with your loved ones. Michigan’s DAPT Criteria While DAPTs sound like [...]

Go to Top