Recently, Michigan added a new section to the trust code, making it possible for trust settlors to create “quiet” or “silent” trusts in Michigan. As the name implies, in a silent trust arrangement, a trustee is not required...more
Trusts serve a variety of tax, asset protection and estate planning purposes for families, and over the years different types of trusts have evolved to best serve families’ planning needs and objectives. Each type of trust...more
4/12/2024
/ Asset Management ,
Beneficiaries ,
Bypass Trusts ,
Charitable Trusts ,
Dynasty Trust ,
Estate Planning ,
Grantor Retained Annuity Trusts (GRATs) ,
Irrevocable Trusts ,
Marital Trusts ,
QTIP Trusts ,
Special Needs Trust ,
Spousal Lifetime Access Trust (SLAT) ,
Trustees ,
Trusts
All too often, the demise of a celebrity serves as a cautionary reminder of the many pitfalls and traps related to estate planning.
In January of 2020, NBA superstar Kobe Bryant and his daughter Gianna tragically passed away...more