Posts Tagged ‘House’
Should My House Go into My Trust in Michigan?
Written by Christopher J. Berry, Esq. on November 3, 2008 – 3:27 pm -A common question clients have is whether they should put their house into their revocable living trust in Michigan. Like most questions, my answer is “it depends.” This is where estate planning becomes more than just preparing documents or using software such as Willmaker, Quicken, or Suze Orman. There is actually counseling involved based on the situation.
is the client single or married. Do you want to destroy the tenancy by the entirety, where Michigan has afforded certain benefits? Is the goal to avoid probate? What about estate recover, does that have an effect? Unfortunately, there are a few factors to consider when making this decision.
Fortunately, a quality Michigan estate planning lawyer will be able to walk you through the scenerios to decide upon the best answer in your situation.
Tags: Estate Planning, House, Living Trust, Michigan, ProbatePosted in Estate Planning, Living Trusts | No Comments »
