Reason number 2312334 why a Michigan living trust based Michigan estate plan is better than a Michigan last will and testament based estate plan 9 times out of 10. When you file an inventory in probate court, in this case Wayne County Probate court, the assets on the inventory are used to calculate the inventory fee. This fee is a percentage of all assets going through the probate process.
This fee can be upwards of $1000+. Quite a price to pay to either not have a Michigan living trust or have a Michigan living trust but fail to fund it properly.
Our office has a system to help our clients fund their trust. We call our program Foundations. It is an annual membership program where we review our clients current situations, including funding, and make whatever tweaks are necessary to their estate plan. Similar to a check up at the dentist, or an oil change for your car.
-Christopher J. Berry, Esq.
Metro Detroit Estate Planning and Probate Lawyer
This fee can be upwards of $1000+. Quite a price to pay to either not have a Michigan living trust or have a Michigan living trust but fail to fund it properly.
Our office has a system to help our clients fund their trust. We call our program Foundations. It is an annual membership program where we review our clients current situations, including funding, and make whatever tweaks are necessary to their estate plan. Similar to a check up at the dentist, or an oil change for your car.
-Christopher J. Berry, Esq.
Metro Detroit Estate Planning and Probate Lawyer
