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1. Failing to Fund the Trust One of the most common and costly mistakes is failing to properly fund the trust. In Michigan, a revocable living trust only helps avoid probate if assets are actually titled in the name of the trust or otherwise properly transferred into it. If assets are left outside the trust, they may still have to go through probate. 2. Using a Poorly Drafted Trust A poorly drafted trust can create serious problems for your family and beneficiaries. A trust s

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What is probate and why should I avoid it?