Planning for the future is an important step that can only benefit residents in Michigan and elsewhere. While it is often difficult to think about the many what-ifs the future can hold, there are some crucial life decisions to consider. Drafting a trust may not be on everyone’s plan, but for some individuals, it can be one of the most important steps he or she took.
At Prince Law Firm, our experienced legal team is dedicated to helping individuals and couples in the Detroit area understand the important role a trust can play in one’s life. It is our goal to meet the individual needs of our clients in the best manner possible.
Because a trust is an excellent way to preserve and protect assets, we take the time to evaluate the situation of each of our clients. If you seek to protect your estate from taxes and probate fees, then we may suggest developing a living trust. Because there are both revocable and irrevocable trusts, our skilled attorneys will determine which type is most suitable for a client’s needs.
And along with developing trusts, our knowledgeable staff will go over the trust administration process with our clients. It can be a complex and often difficult process to fully understand; therefore we take the time to ensure our clients are fully aware of all the steps that go into the process.
To learn more, check out our law firm’s trusts website. Developing a trust is only a part of an individual’s estate plan; however, it is often an important component. Thus, it is a legal document that many Detroit residents should consider including in their estate plan.