by Christine Steinmetz, J.D., Hotline Attorney This is the final post in our series regarding wills, trusts, and estate planning. Other posts in the series can be found here. In our previous posts, we discussed the different types of wills and trusts. There is one other estate planning document that we haven’t discussed that allows you to transfer real estate to your beneficiaries without probate. … Continue reading Wills vs. Trusts – Part 8
by Christine Steinmetz, JD This post is the seventh in a series regarding wills, trusts, and estate planning. Other posts in the series can be found here. In our previous post, we discussed how a revocable grantor trust DOES NOT shelter assets, including one’s homestead, for Medicaid eligibility. In addition, the fact that a homestead has been held in the trust for longer than the … Continue reading Wills vs. Trusts – Part 7
by Christine Steinmetz, JD This post is the sixth part of a series regarding wills and trusts. Other posts in the series can be found here. In our previous posts, we discussed that a will always goes through probate. We also discussed how a trust avoids probate. As previously discussed, probate administration is the court process to distribute property that is owned by an individual … Continue reading Wills vs. Trusts – Part 6
by Christine Steinmetz, J.D., Hotline Attorney This post is part of a series regarding wills and trusts. Previous posts in this series can be found here. In our previous posts, we discussed that a will always goes through probate. We also began talking about how a trust avoids probate. As we discussed previously, probate administration is the court process to distribute property owned by an individual … Continue reading Wills vs. Trusts – Part 5
By Christine Steinmetz, J.D., Hotline Attorney This post is the fourth in a series regarding wills and trusts, part one can be found here, part two here, and part three here. This blog is the fourth in a series regarding wills and trusts. Many clients call the hotline each week with questions regarding living trusts. In our previous post, we began discussing living trusts. In this … Continue reading Wills vs. Trusts- Part 4
by Christine Steinmetz, J.D., Hotline Attorney This post is the third in a series regarding wills and trusts, part one can be found here and part two can be found here. In our previous post, we defined a will as a document that contains your instructions about how you want your assets (also known as your estate) distributed upon your death. A will allows you to determine who … Continue reading Wills vs.Trusts- Part 3
by Christine Steinmetz, J.D., Hotline Attorney The Legal Hotline for Michigan Seniors receives many calls each week regarding estate planning documents. Clients often call with questions regarding wills and trusts and what are the differences between the two. Many clients have heard of these documents, yet they are confused as to what each document can do for them. Wills and trusts are estate planning documents … Continue reading Wills vs. Trusts – Part 1
