In the past few months, I have received many telephone calls from clients and financial advisors regarding a new law that recently went into effect – the Michigan Trust Code. Many people have read or heard that the new law makes their estate plan obsolete, or may cause disastrous tax consequences to their beneficiaries upon their death. To keep you better informed, I have compiled a list of asset protection and estate planning issues that you should think about to help you protect your money.

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