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A Living Trust can help you avoid Probate in Michigan, but a Will cannot. A Living Trust is a private document which does not require any court intervention. Most Living Trust transfers take place in the privacy of your attorneys office shortly after a death.
Once you create a trust, you fund the trust by conveying your assets to the trust. Administration of a trust does not require the probate process.
A trust remains private and does not need court approval and is not made public. Trusts are also much more difficult to contest than wills, providing added security that your wishes will be carried out. Another benefit of creating a living trust in Michigan is the control it offers.
(2) A certificate of trust may be signed or otherwise authenticated by the settlor, any trustee, or an attorney for the settlor or trustee. The certificate must be in the form of an affidavit.
With that said, revocable trusts, irrevocable trusts, and asset protection trusts are among some of the most common types to consider.
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The Cons. While there are many benefits to putting your home in a trust, there are also a few disadvantages. For one, establishing a trust is time-consuming and can be expensive. The person establishing the trust must file additional legal paperwork and pay corresponding legal fees.
Heres a good rule of thumb: If you have a net worth of at least $100,000 and have a substantial amount of assets in real estate, or have very specific instructions on how and when you want your estate to be distributed among your heirs after you die, then a trust could be for you.
Grounds for Contesting a Michigan Will or Trust In Michigan, the testator must sign, and two witnesses must also sign, each having witnessed the testators signature. In addition, a notary public must witness the signatures of the testator as well as both witnesses.
Does my will have to be docHubd? No. A will does not need to be docHubd. However, there must be at least two witnesses.
A Living Trust can help you avoid Probate in Michigan, but a Will cannot. A Living Trust is a private document which does not require any court intervention. Most Living Trust transfers take place in the privacy of your attorneys office shortly after a death.

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