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The Joy in Joint Trusts

May 31, 2023 by Compliments of Bier Law

Joint trusts offer clients many benefits both during life and after death. Those with joint trusts need to understand the limitations inherent in the trust and the importance of seeking qualified counsel upon the death of the first spouse to ensure that the trust administration runs smoothly. A recent Michigan case highlights what happens when the surviving spouse fails to do that or simply ignores the terms of the trust altogether. Read on to learn more.

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Compliments of Bier Law
Compliments of Bier Law
Compliments of Bier Law
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Filed Under: Estate Planning, legal education Tagged With: fiduciary duties, joint trust in community property state, joint trusts, trust administration

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