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Huron Valley Law Center, PLC
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1. What is a Living Trust?

A Living Trust allows you to hold legal title to your assets and manage them while you are alive and well, as well as designate successor trustees to follow your instructions in the event of incapacity. It usually becomes effective immediately after incapacity or death and, unlike a Will, when properly funded, avoids the publicity, expense, delays and frustration of probate. It can also allow for the management of your affairs without the need of a conservatorship or guardianship proceeding. A Living Trust is revocable, meaning it can be changed whenever you want, and even terminated. See the Estate Planning section of our website for further information, or call our office to learn more.

2. How does a Living Trust let me stay in control of my assets?

While you are alive and well, a Living Trust gives you complete control of your hard-earned assets. In effect, you are the Trustee of your Trust, and can make any transaction you choose, just like you could before you had the trust created. The Living Trust can be modified at any time or terminated if you so desire. If you become incapacitated, your durable power of attorney takes effect and permits your loved ones to make transactions on your behalf, but only according to the instructions detailed in the Living Trust. When you pass away, the trust becomes what is known as "irrevocable,” and nobody can change the instructions you dictated originally.

It is important to note that in the case of married couples, the surviving spouse retains control over his or her share of assets following its transfer to the survivor’s trust, and only the deceased spouse’s share becomes "irrevocable."

3. Should all of my assets go into the Living Trust?

Not necessarily. Certain assets, such as those with specific beneficiary designations like insurance policies or annuities do not need to go into a Living Trust. Many retirement accounts also transfer automatically to named beneficiaries without having to go through probate. Of course, it is important for the distribution of assets such as these to be coordinated with your Trust and overall estate plan, preferably with the assistance of an experienced estate planning attorney.

Upcoming Events

6/15/14: Special Needs Planning Workshop

Special Needs Planning Workshop

Category: Events
Date: 6/15/2014

In this workshop you will learn the critical information needed to plan effectively for your special needs child. 

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In this workshop you will learn the critical information needed to plan effectively for your special needs child. 

2/5/15: Truth About Long Term Care

Truth About Long Term Care

Category: Events
Date: 2/5/2015

Brighton Community Education

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Brighton Community Education

2/10/15: Truth About Estate Planners

Truth About Estate Planners

Category: Events
Date: 2/10/2015

Brighton Community Education

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Brighton Community Education

2/26/15: Client Educational Event

Client Educational Event

Category: Events
Date: 2/26/2015

Highland Library

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3/3/15: Truth About Estate Planning

Truth About Estate Planning

Category: Events
Date: 3/3/2015

Milford Library

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3/12/15: Truth About Estate Planning

Truth About Estate Planning

Category: Events
Date: 3/12/2015

3/18/15: Client Educational Event - Estate Administration

Client Educational Event - Estate Administration

Category: Events
Date: 3/18/2015

Novi Library

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Novi Library

3/24/15: Truth About Estate Planning

Truth About Estate Planning

Category: Events
Date: 3/24/2015

Highland Library

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4/21/15: Truth About Long Term Care

Truth About Long Term Care

Category: Events
Date: 4/21/2015

4/28/15: Medicaid and You: Long Term Care Basics

Medicaid and You: Long Term Care Basics

Category: Events
Date: 4/28/2015
Time: 7PM - 8:45PM
Commerce Township Library more

(7PM - 8:45PM)

Commerce Township Library

5/12/15: Special Needs Planning

Special Needs Planning

Category: Events
Date: 5/12/2015

2/11/16: Truth About Estate Planning

Truth About Estate Planning

Category: Events
Date: 2/11/2016
Highland Library more

Highland Library

2/15/16: Client Educational Event - Successor Trustee

Client Educational Event - Successor Trustee

Category: Events
Date: 2/15/2016
Brighton District Library more

Brighton District Library

4/15/16: Huron Valley Sinai Hospital Fair - Healthcare Directives

Huron Valley Sinai Hospital Fair - Healthcare Directives

Category: Events
Date: 4/15/2016
Huron Valley Sinai Hospital more

Huron Valley Sinai Hospital

5/18/16: Protecting Your Investments

Protecting Your Investments

Category: Events
Date: 5/18/2016
Novi Library more

Novi Library

6/2/16: Truth About Long Term Care

Truth About Long Term Care

Category: Events
Date: 6/2/2016
Novi Library more

Novi Library

9/21/16: Understanding Annuities

Understanding Annuities

Category: Events
Date: 9/21/2016
Milford Library more

Milford Library

10/20/16: WXW Annual Forum

WXW Annual Forum

Category: Events
Date: 10/20/2016
Washtenaw Community College more

Washtenaw Community College

1/12/17: Client Educational Event - Successor Trustee

Client Educational Event - Successor Trustee

Category: Events
Date: 1/12/2017
Milford Library (6:00 pm-8:00 pm) more

Milford Library (6:00 pm-8:00 pm)

1/18/17: Smart Women, Smart Legal and Financial Choices

Smart Women, Smart Legal and Financial Choices

Category: Events
Date: 1/18/2017
Brighton Community Education (6:00 pm-8:00 pm) more

Brighton Community Education (6:00 pm-8:00 pm)

4/22/17: Community Wellness Expo

Community Wellness Expo

Category: Events
Date: 4/22/2017
Lakeland High School (10:00 am-2:00 pm) more

Lakeland High School (10:00 am-2:00 pm)

4/25/17: But Mom Promised! Why Good Families Go Bad

But Mom Promised! Why Good Families Go Bad

Category: Events
Date: 4/25/2017
Independence Village of White Lake (2:30 pm-3:30 pm) more

Independence Village of White Lake (2:30 pm-3:30 pm)

5/11/17: But Mom Promised! Why Good Families Go Bad

But Mom Promised! Why Good Families Go Bad

Category: Events
Date: 5/11/2017
Walled Lake Community Education Center (6:00 pm-7:30 pm) more

Walled Lake Community Education Center (6:00 pm-7:30 pm)

5/16/17: But Mom Promised! Why Good Families Go Bad

But Mom Promised! Why Good Families Go Bad

Category: Events
Date: 5/16/2017
Brighton Community Education Center (6:15 pm-8:00 pm) more

Brighton Community Education Center (6:15 pm-8:00 pm)

5/23/17: Understanding Hospice and Funeral Planning

Understanding Hospice and Funeral Planning

Category: Events
Date: 5/23/2017
Highland Library (6:00 pm-8:00 pm) more

Highland Library (6:00 pm-8:00 pm)

5/25/17: I Don't Even Know Where to Start! A Survival Guide for Successor Trustees, Agents, and Executors

I Don't Even Know Where to Start! A Survival Guide for Successor Trustees, Agents, and Executors

Category: Events
Date: 5/25/2017

Brighton Community Education Center (6:15 pm-8:00 pm)

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Brighton Community Education Center (6:15 pm-8:00 pm)

6/1/17: Who's the Boss? Planning for Disability, Aging and Death

Who's the Boss? Planning for Disability, Aging and Death

Category: Events
Date: 6/1/2017
Hartland Community Ed (6:30 pm-8:00 pm) CANCELLED more

Hartland Community Ed (6:30 pm-8:00 pm) CANCELLED

6/6/17: Who's the Boss? Planning for Disability, Aging and Death

Who's the Boss? Planning for Disability, Aging and Death

Category: Events
Date: 6/6/2017
Brighton Community Education Center (6:15 pm-8:00 pm) CANCELLED more

Brighton Community Education Center (6:15 pm-8:00 pm) CANCELLED

6/8/17: I Don't Even Know Where to Start! A Survival Guide for Successor Trustees, Agents, and Executors

I Don't Even Know Where to Start! A Survival Guide for Successor Trustees, Agents, and Executors

Category: Events
Date: 6/8/2017

Independence Village of White Lake (6:30 pm-7:30 pm) - CANCELLED

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Independence Village of White Lake (6:30 pm-7:30 pm) - CANCELLED

6/20/17: Who's the Boss? Planning for Disability, Aging and Death

Who's the Boss? Planning for Disability, Aging and Death

Category: Events
Date: 6/20/2017
Walled Lake Community Education Center (6:00 pm-7:30 pm) CANCELLED more

Walled Lake Community Education Center (6:00 pm-7:30 pm) CANCELLED

7/11/17: What You Don't Know Can Hurt You – Medicaid Myths and Misinformation

What You Don't Know Can Hurt You – Medicaid Myths and Misinformation

Category: Events
Date: 7/11/2017
Walled Lake Community Education Center (6:00 pm-7:30 pm) CANCELLED more

Walled Lake Community Education Center (6:00 pm-7:30 pm) CANCELLED

7/14/17: Summer Picnic!

Summer Picnic!

Category: Events
Date: 7/14/2017
Huron Valley Law Center (2:00 pm-7:00 pm) more

Huron Valley Law Center (2:00 pm-7:00 pm)

7/20/17: I Don't Even Know Where to Start! A Survival Guide for Successor Trustees, Agents, and Executors

I Don't Even Know Where to Start! A Survival Guide for Successor Trustees, Agents, and Executors

Category: Events
Date: 7/20/2017

Salem-South Lyon District Library (7:00 pm-8:30 pm)

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Salem-South Lyon District Library (7:00 pm-8:30 pm)

7/25/17: Plan Your Estate or the State Will!

Plan Your Estate or the State Will!

Category: Events
Date: 7/25/2017
Brighton Community Education Center (6:15 pm-8:00 pm) more

Brighton Community Education Center (6:15 pm-8:00 pm)

8/10/17: Who's Minding the Store?

Who's Minding the Store?

Category: Events
Date: 8/10/2017
Brighton Community Education Center (6:15 pm-8:00 pm) more

Brighton Community Education Center (6:15 pm-8:00 pm)

8/15/17: Who's Minding the Store?

Who's Minding the Store?

Category: Events
Date: 8/15/2017
Salem-South Lyon District Library (7:00 pm-8:30 pm) CANCELLED more

Salem-South Lyon District Library (7:00 pm-8:30 pm) CANCELLED

8/29/17: Who's the Boss? Planning for Disability, Aging and Death

Who's the Boss? Planning for Disability, Aging and Death

Category: Events
Date: 8/29/2017
Salem-South Lyon District Library (7:00 pm-8:30 pm) more

Salem-South Lyon District Library (7:00 pm-8:30 pm)

9/9/17: But Mom Promised! Why Good Families Go Bad

But Mom Promised! Why Good Families Go Bad

Category: Events
Date: 9/9/2017
Lyon Township Public Library (1:00 pm-2:30 pm) more

Lyon Township Public Library (1:00 pm-2:30 pm)

9/12/17: But Mom Promised! Why Good Families Go Bad

But Mom Promised! Why Good Families Go Bad

Category: Events
Date: 9/12/2017
Salem-South Lyon District Library (7:00 pm-8:30 pm) more

Salem-South Lyon District Library (7:00 pm-8:30 pm)

9/19/17: Who's the Boss? Planning for Disability, Aging and Death

Who's the Boss? Planning for Disability, Aging and Death

Category: Events
Date: 9/19/2017
Independence Village of White Lake (6:30 pm-7:30 pm) CANCELLED more

Independence Village of White Lake (6:30 pm-7:30 pm) CANCELLED

10/4/17: But Mom Promised! Why Good Families Go Bad

But Mom Promised! Why Good Families Go Bad

Category: Events
Date: 10/4/2017
Brighton Community Education Center (6:00 pm-7:30 pm) more

Brighton Community Education Center (6:00 pm-7:30 pm)

10/26/17: I Don't Even Know Where to Start! A Survival Guide for Successor Trustees, Agents, and Executors

I Don't Even Know Where to Start! A Survival Guide for Successor Trustees, Agents, and Executors

Category: Events
Date: 10/26/2017

Brighton Community Education Center (6:00 pm-7:30 pm)

more

Brighton Community Education Center (6:00 pm-7:30 pm)

11/1/17: I Don't Even Know Where to Start! A Survival Guide for Successor Trustees, Agents, and Executors

I Don't Even Know Where to Start! A Survival Guide for Successor Trustees, Agents, and Executors

Category: Events
Date: 11/1/2017

Independence Village of White Lake (6:00 pm-7:15 pm)

more

Independence Village of White Lake (6:00 pm-7:15 pm)

11/9/17: Plan Your Estate or the State Will!

Plan Your Estate or the State Will!

Category: Events
Date: 11/9/2017
Brighton Community Education Center (6:00 pm-7:30 pm) more

Brighton Community Education Center (6:00 pm-7:30 pm)

12/8/17: Annual Holiday Party!

Annual Holiday Party!

Category: Events
Date: 12/8/2017
Huron Valley Law Center (2:00 pm-7:00 pm) more

Huron Valley Law Center (2:00 pm-7:00 pm)

2/13/18: Treat Yourself to Some Peace of Mind this Valentine's Day!

Treat Yourself to Some Peace of Mind this Valentine's Day!

Category: Events
Date: 2/13/2018
Milford Public Library (6:00 pm-8:00 pm) more

Milford Public Library (6:00 pm-8:00 pm)

Huron Valley Law Center, PLC
2850 S. Milford Road
Highland, Michigan 48357
Phone: 248.685.8743
Email: info@huronvalleylaw.com
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