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Application for Trust Powers  State of Michigan  Michigan  Form

Application for Trust Powers State of Michigan Michigan Form

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I'm Elder lawn estate planning attorney Aaron Solomon I own a law firm and we help families here in Michigan with their estate planning if you have an account that has a beneficiary on it but that beneficiary passes away the account will transfer to the contingent beneficiary if you have one listed if you don't have one listed it will transfer to your estate and have to go through probate if you have a beneficiary on your account but that beneficiary passes away after you and hasn't moved the account into their name it will be paid to their estate and it will go to whoever they have listed in their estate plan or their errors at law one of the advantages of having a trust is that you can spell out what happens if someone passes away before you now I know not everyone wants a trust so if someone passes away and you have them listed as a beneficiary make sure you update that beneficiary designation and if you have a lady bird deed make sure you do a new lady bird

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