Brighton 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, and the entire process can become needlessly stressful. Even for those with estate planning knowledge, it is important to work with an experienced Brighton lawyer who can help them set up a trust that works with the rest of their plan.
At the Nawrocki Center for Elder Law, Special Needs & Disability Planning, PLLC, we help clients throughout the Brighton, Michigan, area 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 put you at ease and find the solutions you need. Contact our office today to arrange a consultation with an experienced attorney.
Creating Revocable & Irrevocable Trusts in Brighton, 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 meet their needs and 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 in which they are transferred, who oversees the transfer and the circumstances under which they are transferred. For example, you could create a trust that would transfer assets to a grandchild, but 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. By careful pre-planning and the strategic use of trusts, 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 assets in those trusts are no longer owned by that person and therefor would not be probated. Instead, those assets can be transferred directly to the person managing the trust to distribute to beneficiaries.
Reach Out to Our Brighton Trust Lawyers
Our trust attorneys bring a wealth of experience and a client-centered commitment to every estate plan we help create. We can explain your trust options and create a comprehensive plan that integrates your trust documents with your Medicare and Medicaid plans, your veterans benefits, and more.
Contact our law firm serving Brighton today for comprehensive assistance with setting up your trust