» Trusts

Claim Denied!

Claim Denied!

I always impress upon estate planning clients the importance of updating their homeowners’ insurance after conveying real estate to a trust, even if the transfer is via a “ladybird deed” that doesn’t take effect until the client is deceased.…
Reason #32 Why You Need a…

Reason #32 Why You Need an Estate Plan

Your Mom Can’t Manage Money People often come into my office and promptly inform me that while they need a will and power of attorney, they do not need a trust. I always ask them to give me some time to go through their situation and explain ho…
Think You Know Who Your C…

Think You Know Who Your Charitable Beneficiaries Are?

I was recently asked by clients to review a trust that had been drafted by another attorney several years ago. The trust, like many others we see and draft here at Wright Beamer, left a gift to a Michigan-based nonprofit organization that had been es…

Let’s Get Real about Your Adult Children

I want to know if your adult children are productive citizens or drains on your bank account. Are they employed or underemployed? Are they shrewd investors or spendthrifts? Are all of your kids similar, or do their financial situations and personalit…
Breaking Down Barriers Wi…

Breaking Down Barriers With Special Needs Trusts

Individuals with disabilities who receive financial assistance from needs-based governmental programs such as Medicaid and Supplemental Security Income (SSI) must meet strict income and asset limit eligibility requirements in order to qualify for ben…
Michigan’s New Asset Pr…

Michigan’s New Asset Protection Trusts

Michigan is newly positioned to become a major player in the asset protection arena.  With the adoption of the Qualified Dispositions in Trusts Act (the “Act”) last month, Michigan joined 16 other states that permit the creation of domestic asse…
Do It For Your Kids

Do It For Your Kids

We understand that preparing an estate plan is not always the most urgent priority for young families. Buying your first home, sleepless nights with a newborn, coordinating everyone’s packed schedules while trying to maintain your family’s sanity…
Keeping Your Living Trust…

Keeping Your Living Trust Private

In an age when we seem to have less and less privacy, most of us are reluctant to needlessly surrender what privacy we do have. I was reminded of that a few days ago when a long-time client, who was selling a home titled in his living trust, called t…
A 2015 Resolution: Who’…

A 2015 Resolution: Who’s With Me?

As many of you may know, my husband, Joe, and I welcomed our second child, Cole Elizabeth, four months ago. (Our son, Callum, is now two and a half.)  I look back on the two and a half years of being a parent, and am amazed by all of the planning, r…
Wright Beamer Founder Tea…

Wright Beamer Founder Teaches Estate Planning to Lawyers

William M. Wright – founder and of counsel attorney with Wright Beamer, PLC – recently taught a seminar at the Probate and Estate Planning Institute’s sessions in Traverse City and Plymouth.  The Institute, which is sponsored by the Institute…