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A: Once a trust has been established, the trustee is officially the party responsible for all the assets held in the trust. In a revocable or living trust, this may mean that the individual who established the trust retains control of it while they are alive, but then it is transferred.
This generally means you must be a beneficiary or have a financial interest that would be directly impacted by the trust. Timely Filing: Trust contests must be filed within the specified time limits. In Michigan, you generally have one year from the date the trust was made known to file a contest.
TRUST REGISTRATION If an individual has created a Trust, he or she may want to register it with the Probate Court. To do so, the individual must complete the Trust Registration form, PC 610 and submit it to the Probate Court along with a $25 filing fee.
The Michigan statute does not require the trust document to be filed as part of the registration. To register the trust, the trustee files a statement that includes the trustee's name and address and acknowledges the trusteeship.
TRUST REGISTRATION If an individual has created a Trust, he or she may want to register it with the Probate Court. To do so, the individual must complete the Trust Registration form, PC 610 and submit it to the Probate Court along with a $25 filing fee.
How to Write ( Fill Out ) a Living Trust Form Step 1: Fill out the grantor information. ... Step 2: Indicate the purpose of the trust. ... Step 3: Include trustee information. ... Step 4: List beneficiaries and make specific gifts. ... Step 5: Sign and notarize the completed document.
The Will or Trust wasn't signed as required by state law. In Michigan, the testator must sign, and two witnesses must also sign, each having witnessed the testator's signature. In addition, a notary public must witness the signatures of the testator as well as both witnesses.
Now is also a good time to decide who you want to pass your property on to after you die. Create the trust document. You can do this by yourself through an internet program or with the help of an attorney. Sign the trust document in front of a notary public.