Page 27 - Senior Times South Central Michigan - February 2017 - 24-02
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Thomas J. Unger, ACSW Patricia D. Slayton, RN, MSN
5350 Beckley Rd, Suite D
(Side door of Southern Michigan Bank & Trust)
We are at the HEART of your needs.
 Aide & Companion Service  Medication Set-Up
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QUESTION: I heard Dave Ramsey say on his show that liv- ing trusts are bad and that we shouldn’t get one. Is he right?
ANSWER: No, he isn’t. I have heard him say that as well. Mr. Ramsey seems to think that living trusts are complicated and difficult. I believe he said something like, “It’s hard to put assets in the living trust and take assets out of the trust, if you do anything you have to go through
a trustee – which is a pain, and that most trusts are not funded so you just paid thousands of dollars for a worth- less piece of paper.”
In my experience, that is simply not true. Living trusts don’t have
to be complicated, it is easy to take assets in and out of a living trust, YOU are the trustee so you don’t have to deal with anyone else, and most trusts are funded. I think the key is to find a good estate planning attor- ney who cares enough about his/her clients to sit down and talk to them about it and explain in simple terms, what to do. Your “door to door” trust salesman or “Holiday Inn seminar” trust salesman probably is not going to do that. Most of the time, those
people are not even attorneys and they are based out of another state.
Most people do not want their
kids to have to go through probate because they had to do it for their parent’s estate and it was a nightmare for them. That is the main reason that people get a trust. Remember, if you only have a Will, your estate IS going through probate.
I’m sure that Dave Ramsey’s estate is much more complicated than most of ours, which is probably why his experience with a living trust was complicated. But for most of us, it isn’t.
Michael B. Walling is an Elder Law attorney with a Master of Laws degree. He is also the Managing Partner of The Elder Law Center and the law firm of Michael B. Walling, PLC. Mr. Walling is also a part-
time Professor at Western Michigan University. Please send any questions you would like addressed to: Michael B. Walling, 4625 Beckley Road, Suite 4003, Battle Creek, Michigan, 49015. You may also call (269) 968-1101 to set up a free initial consultation. This column is intended for general infor- mation purposes only and should not be considered as legal advice to any particular person.
Michael B. Walling, Attorney, Special to Senior Times
Senior Times - February 2017
Page 27
Battle Creek Manor
675 Wagner Drive Battle Creek, MI 49017
• Short Term Rehab
• Spacious Private Rooms
• Specialized Alzheimer’s /
Dementia Unit
• Most Insurances Accepted Including Medicare
& Medicaid
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Gets A New Look
Elder Law
Attorneys Helping Seniors
(269) 968-1101
● Asset Protection - Nursing Home
● Wills
● Trusts
● Durable Power of Attorney
● Durable Power of Attorney for Health Care
● Guardianships / Conservatorships
● Probate
● Trust Administration
Michael B. Walling
Elder Law Attorney
Offices in Battle Creek & Portage
Burnside Senior Center in Coldwater has, this past year, been remodeling their site. It looks fresh and ready to accommodate a lineup of activities: pool tables, wood shop, exercise machines, group
exercise, playing games, and a lovely seating areas for coffee and conversation. Drop by and see how a trip to Burnside can keep you looking forward to a day of enjoy- ment.

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