Biddinger, Schrot & Rolando, PC. Estate Planning and Elder Law Attorneys

Biddinger, Schrot & Rolando, PC

Michigan Estate Planning & Elder Law Attorneys

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Posts in category: Trust

Do You Need a Trust?

May 24, 2023
by Gregory S. Schrot Estate PlanningLiving TrustTrust

Many clients ask if they need a trust. It's a great question, but it leads to another: What do you want your plan to accomplish? There are many types of trusts, but when people talk about a trust, they are usually thinking of a Revocable Living Trust.

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Reward Your Pet with the Best Treat of All—a Pet Trust

April 6, 2023
by Gregory S. Schrot Estate PlanningTrust

According to the American Humane Society, approximately 46 percent of households have at least one dog and 39 percent of households have at least one cat. We love our pets, and they provide us with plenty of love in return. Tragically, however, shelters a

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Family Feuds—When Heirs Fight Over Assets With Sentimental Value

February 9, 2023
by Michael A. Rolando BeneficiariesTrustWills

When we think about heirs fighting over assets, it is the big ticket items that typically come to mind, such as the family home, investments, bank accounts and the like. However, it is often items of sentimental value—a mother’s necklace, for example, or

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What Does It Mean to Say That a Trustee Must Follow Trust Terms?

December 15, 2021
by Gregory S. Schrot Estate PlanningIrrevocable TrustTrust

Are you creating a trust in Michigan for managing your assets? If so, you need to spend some careful time thinking about the role of trustee. For any trustee who is installed in this important role, it is important that they be familiar with the trust

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Does a Trust Prevent Court Control of Assets if I’m Incapacitated?

August 17, 2021
by Gregory S. Schrot Estate PlanningLiving TrustTrust

Does a Michigan living trust avoid probate and prevent control by the court if I'm incapacitated? If something happens to you and you're no longer able to take actions or make decisions for yourself, you'll want to have estate planning strategies and tool

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When Updating My Trust, Can I Write on the Original Document?

August 4, 2021
by Michelle P. Biddinger Estate PlanningTrust

If you already put together a trust in Michigan but want to change it, this is a big benefit to using revocable tools in the first place. But it’s not as simple as crossing out parts that you no longer want to honor. With an older trust, you need the help

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What Are the Main Reasons to Get a Living Trust in Michigan?

May 4, 2021
by Michelle P. Biddinger Estate PlanningLiving TrustTrust

One of the most common reasons to select a living trust in Michigan is to ensure that your wishes are properly followed during the course of your life and after you pass away. Property that is stored inside a living trust does not go through probate co

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What Are the Key Components of a Trust?

February 4, 2021
by Michelle P. Biddinger Estate PlanningTrust

A trust is an estate planning tool that comes in many different varieties, all designed to help you accomplish various aspects of your estate plan. A trust needs to have a few crucial elements in order to accomplish these goals and to help you with the ma

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How Does It Work to Fund a Trust in Michigan?

January 7, 2021
by Gregory S. Schrot Estate PlanningTrust

In order for a revocable living trust to accomplish its goals appropriately, the trust maker has to do more than create the document and sign the agreement. The settlor then needs to take an additional step after identifying the property that will be plac

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A Quick Guide to Setting Up a Special Needs Trust

November 24, 2020
by Gregory S. Schrot Special Needs PlanningSpecial Needs TrustTrust

A special needs trust is an important component of how you protect a loved one who is reliant on government benefits such as Supplemental Security Income and Medicaid. Tapping into these benefits while still providing for your loved one can be done throug

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Recent Posts

  • Do You Need a Trust? May 24, 2023
  • Know Your Options: The Spectrum of Long-Term Care May 11, 2023
  • Estate Planning for Couples Marrying Later in Life April 25, 2023
  • Reward Your Pet with the Best Treat of All—a Pet Trust April 6, 2023
  • Alzheimer’s Disease: Facts Versus Fiction, Continued March 31, 2023

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