Category Archives: Personal Protection

Michigan Approves Asset Protection Trusts

Michigan recently became the 17th state to allow citizens to form – domestic asset protections trusts –that can shield assets from future creditors and lawsuits. Candidates for this type of trust are those facing liability concerns, high-risk professionals and those with a large net worth. It’s best to set up this kind of trust far […]

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The Rental Car Insurance Checkbox

You’re at the rental car center wondering should I purchase rental car insurance? What happens if I say no and have an accident? Here’s what to do Before you leave on vacation find out if you have rental car coverage through your personal auto insurance company. Many polices include this but it’s worth a call to […]

Also posted in Personal Protections |

Protection from Michigan’s Uninsured Drivers

Most of us have car insurance, but an unusually high number of Michigan drivers are without it or have the minimal coverage dictated by law ($20,000). Nationally, one in eight drivers (12.6%) are without car insurance. In Michigan, the rate is one in five (21%) according to 2014 findings by the Insurance Research Council (IRC) […]

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