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Why It’s Best to Have a Trust if You Own Real Estate in Florida
May 30th, 2025
Many Michigan residents own a second home in Florida to escape the harsh winters. It is essential to be aware that real estate in Florida is subject to a Florida probate if it is not owned by a trust, or is otherwise titled to avoid the probate proce…
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Naming an IRA as a Trust Beneficiary
July 11th, 2024
When a trust is named as the beneficiary of an IRA (Individual Retirement Account), the trust is inherited by the account when the owner passes away. Naming an IRA as a beneficiary of a trust has significant estate planning, financial, and tax implic…
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Categories: Estate Planning