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.
Dower Interest for Spouses Is Repealed by a New Michigan Statute - What the Termination of Dower Interest Means for Real Estate Buyers and SellersSat, 05/20/2017 - 13:48 — superadmin
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.
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.
How to Avoid Surprises On Your Real Estate Title - Always Confirm the Receipt and Recording of Mortgage Discharges and Other Lien Releases Upon Loan PayoffsMon, 09/12/2016 - 13:49 — superadmin
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.