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Living Trust for Individual Who is Single, Divorced or Widow or Widower with Children Michigan Form

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Living Trust for Individual Who is Single, Divorced or Widow or Widower with Children Michigan Form

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hi this is Lee Phillips I'm an attorney talking about estate planning and what I'm running into is a lot of the parents are dying and the kids have been named trustee in the living revocable trust that's good we like that mom and dad died the kids show up and all of a sudden they're the trustee they're in charge well it's actually pretty slick because they don't have to go to court and have a court order that allows them to do anything as trustee they can do whatever they want it's theirs ing to the terms of the trust that follow the terms of the trust but they walk in and the bank accounts there's the house is theirs now when they sell the house the money goes into the trust account it's not commingled that doesn't go directly to the kids out of the Trust's checking account we make checks and we send it out to all kids and by the way this is a sideline if I'm the trustee I'm

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