Brighton & West Branch Trusts Attorneys
Consider the Benefits of Setting Up a Trust in Michigan
For most people looking to prepare an estate plan, trusts and other estate planning documents just seem overly complicated. The entire process can become needlessly stressful. Even those with estate planning knowledge can benefit from consulting with an experienced Brighton lawyer for trusts.
At the Nawrocki Center for Elder Law, Special Needs & Disability Planning, PLLC, we help clients throughout Brighton & West Branch in creating trusts. Attorneys from our firm have decades of experience in elder law, estate planning, probate, and related issues.
Whether you have a simple estate or significant, diversified assets, our legal team can help you find the solutions you need. Contact our office today to arrange a consultation with an experienced attorney.
Creating Revocable & Irrevocable Trusts in Brighton & West Branch, MI
We regularly help our clients establish revocable trusts, irrevocable trusts, living trusts and other types of trusts and deeds. Our trust planning lawyers also provide clients with the detailed, personalized consultation needed to help them protect their assets.
There are several benefits to using a trust document as part of your estate plan, including:
- Control: A trust will give you greater control over when your assets are transferred, the way they are transferred, and the circumstances under which they are transferred. For example, you could create a trust that would transfer assets to a grandchild. However, you could then set it up so that the assets would not transfer until after the grandchild graduates from college.
- Tax efficiency: There are several tax consequences involved with transferring assets in an estate plan. With careful pre-planning, you could minimize the tax consequences and transfer your assets more efficiently.
- Avoiding probate: The right kind of trust planning can help mitigate the impact of the probate process on your estate. After the death of a person with a revocable living trust, the trust assets are no longer owned by that person. Therefore, those assets avoid probate. Instead, they can be transferred directly to the person managing the trust to distribute to beneficiaries.
There are a variety of trust options available to meet your specific needs. For example, Revocable trusts, also known as living trusts, can be modified during your lifetime. Irrevocable trusts cannot be changed after they are created, but can provide stronger estate tax protections.
Reach Out to Our Brighton & West Branch Trust Lawyers
Our trust attorneys bring a wealth of experience and a client-centered commitment to every estate plan we help create. We can create a comprehensive plan integrating your trust documents with your Medicare and Medicaid plans, your veterans benefits, and more.
Contact our law firm serving Brighton & West Branchtoday for comprehensive assistance with setting up your trust!