asset-protection

Michigan's New Asset Protection Trust

Michigan’s New Asset Protection Trust

Based on new Michigan law, as an individual, you can now create a "Self-Settled Asset Protection Trust." This new law was signed into effect in December of 2016.

Alert! Michigan Adopts New Asset Protection Trust Law

Michigan Adopts New Asset Protection Trust Law

A few months ago, the Michigan legislature passed a new law that authorizes the establishment of Trusts which is a complete contradiction to various common law principles, in Michigan and most states, regarding creditor protection and Trust assets.

Do-It-Yourself Will Leads to an Unfortunate Result

Do-It-Yourself Will

I wanted to share yet another example of how people try and create their own wills using a form taken from a book or the Internet, and wind up shooting themselves in the foot.

Key Elements of a Family Business Succession Plan

Key Elements of a Family Business Succession Plan

A family business succession plan is a multifaceted plan. When done correctly, a succession plan for the family business addresses various key issues in the business as well as at a personal level.