Did you know that in Michigan you can have both asset protection and control. \u00a0You don’t have to give away your assets if you want to protect them from long-term care costs or law suits. \u00a0Instead, look to an irrevocable pure grantor trust (iPug Trust).<\/p>\n
It sounds complicated, but it’s not. \u00a0When you were a child I am sure you had a piggy bank, right? \u00a0It’s like the piggy bank my young children have now. \u00a0When I get home from work, I’ll throw my change in there, maybe a dollar. \u00a0You could tip it over, but it was locked tight. \u00a0Then if I wanted to, at any time, I can unscrew the bottom and empty the piggy bank and get the money out.<\/p>\n
Well, an\u00a0asset protection trust works the same way. \u00a0You are able to create a piggy bank that you hold on to. \u00a0You can get whatever assets out of it you (more…)<\/span><\/a><\/p>\n","protected":false},"excerpt":{"rendered":" Did you know that in Michigan you can have both asset protection and control. \u00a0You don’t have to give away your assets if you want to protect them from long-term care costs or law suits. \u00a0Instead, look to an irrevocable…<\/span><\/p>\n