Wills and Trusts in Michigan
Reasons for Creating a Michigan Will
By creating a written will in Michigan, you determine such things as who will receive your assets, who will be the personal representative of your estate, and who will be the guardian for your minor children. If you do not have a will, the State of Michigan will decide these things for you, which may not match what you would have wanted.
Reasons for Creating a Michigan Trust
A trust is another estate planning technique to determine how your assets will be distributed while you are living and after death. Reasons for setting up a trust include reduction of taxes, avoidance of probate, and delay of distributions to children after age 18. After discussing your individual circumstances and needs, we will develop a personal estate plan to accomplish your goals.
For a much more detailed analysis of the reasons why a trust may make sense as part of your estate plan, please visit Do I need a Michigan Revocable Living Trust?
For more information about the advance planning process, please visit The Top 4 Reasons You Haven’t Created An Estate Plan Yet
If you are interested in discussing the steps necessary to create an estate plan in Michigan, please contact us today.