The Detroit News. Recently I have been asked many questions about the advantage of a living trust if eventually the government eliminates estate taxes. I have always been a believer never to base decisions on proposed tax laws.
Probate can be a very time-consuming and expensive process.
In addition, it opens up your family affairs to the public. After all, the only reason that you do estate planning is because you love your family. Rick Bloom is a Farmington Hills attorney, certified public accountant, fee-based financial adviser and money manager. He cannot send individual replies.