Avoid probate court by establishing a Trust
A Trust is a legal device to define property that is held by one party for the benefit of another. It is a common practice to avoid Probate Court in Michigan.
Lakeshore Law & Mediation, an experienced Estate Planning Lawyer, sets up Trusts according to State requirements, and ensures your family is taken care of according to your wishes. Call us today! 616.844.4091
A Trust speeds up the process of transferring assets to beneficiaries.
Avoid court jurisdiction to redistribute assets if anything is contested by creditors or family members when you set up a Trust. It can handle real estate, life insurance payouts, retirement plans and other assets in the event of your death.
A Trust also allows you to create rules for its execution. For instance, you could designate money only for education, healthcare or support of a particular person who meets certain criteria, such as reaching the age of maturity.
If you wish to donate money to a charity upon your death, a trust can help that charity minimize taxes that come with such a donation.
With so many options to set up a trust in Michigan, the experienced estate attorneys at Lakeshore Law & Mediation help you figure out what is best for you, and protect your interests, your wishes and your beneficiaries.
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