Michigan residents need to plan for their future. Estate planning is an important part of every individual’s life. Without an estate plan, people’s assets may not be distributed the way that they would like them to be. Instead, a person’s assets will be left to intestacy laws in the state.
Depending on a person’s financial situation, a person may consider creating a trust. Through a trust, people can ensure that their assets are used to benefit their loved ones or a chosen organization. Trusts can give individuals the flexibility they need to accomplish their financial goals.
While individuals in Michigan may understand how a trust could work for them, people need to understand that a trust is a legal instrument. There are legal requirements that must be met in order for a trust to be valid. It is important that Michigan residents comply with these requirements when estate planning and creating trust documents.
Our law firm understands the importance of proper estate planning. We have helped individuals create a trust that works best for them. We have considered tax planning issues and other financial factors when choosing the appropriate type of trust for our clients. We also have experience in drafting and filing valid Michigan trust documents.
Our attorneys have spent years studying Michigan law and understand the legal technicalities that need to be met in order for trust to be upheld. With our help, individuals across Michigan have met their estate planning and trust administration needs. For more information on our law firm and trusts, please see our website.