Trust Attorney Troy
Living Trust - Revocable Trust - Irrevocable Trust
Special Needs Trust
Give your family clarity and peace of mind - avoid taxes, probate court fees, and legal costs.
Experienced Troy Trust Attorney Can Help You Secure Your Family's Future
We never know what could happen to us tomorrow. Which is why it’s so important to secure your family’s future today. Our experienced Troy Trust Attorneys are ready to help you develop a Legal Trust, custom tailored to your specific needs. Whether your Estate is complex or simple, our Troy Trust Attorneys can help you design a comprehensive plan to protect your family, money, and property from the expensive costs and legal battles that can happen in Probate Court. A Trust is one of many ways we can help create a strong foundation to protect yourself and your family.
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We've Helped 1,000s of Clients Protect Their Families, Money, and Property Through Estate Planning
What Is A Living Trust?
A Living Trust, also known as a Revocable Trust or Revocable Living Trust, is one of the best, simplest, and most commonly used methods for passing assets to your loved ones after you’re gone and avoiding financial disaster.
A Living Trust is a legal document which outlines who you’d like to receive your property after your death, and who should manage that property. You place property into the Trust and manage it yourself while you are alive – just as you do now. When you die, a person you’ve chosen will start managing the property according to the strict directions you’ve outlined in the Trust.
What Are The Benefits Of A Living Trust?
Unlike a Will, a Trust avoids the need to go to probate court. A Living Trust is a private document that doesn’t require court authority or oversight. This means that if you have a properly funded Living Trust in place, your family will be saved from the costly and time consuming Probate Court process. A Living Trust is often combined with a “Pour Over Will” to make sure that all of your bases are covered.
It can also be used to reduce death taxes and fees, maintain family privacy, prevent disinheritance, preserve needed benefits, make sure beneficiaries attend college, and protect children from creditors, bankruptcy issues, and substance abuse. Most of all, it gives you the peace of mind that your loved ones will be taken care of even after you pass.
Our Estate Planning Services:
- Comprehensive Estate Planning
- Will Preparation
- Last Will and Testament
- Living Wills
- Trust Preparation
- Living Trusts
- Revocable Trusts
- Irrevocable Trusts
- Special Needs Trust Preparation
- Probate and Trust Administration
- Trustee Services
- Asset Protection Planning
- Guardianship/Conservatorship
- Financial Power of Attorney
- Medical Power of Attorney
- Medicaid Planning
- Business startup and formation (LLC and Corporation)
- Real estate transactions (commercial and residential)
- Deed drafting
3 Living Trust Benefits A Troy Trust Attorney Can Help You Achieve
It's a smart way to avoid Probate and Death Tax.
Keep more money in the family by avoiding potentially lengthy and expensive court proceedings and unnecessary taxes.
Your personal and financial matters remain private.
There is no court process, so there is no need to make your assets or your personal wishes public. Most transfers take place in private within weeks instead of over the course of years in probate.
You maintain control of your finances after you pass.
You can continue to protect your family, even after you're gone: delay distributions until children reach a certain age or graduate; make sure money doesn't fall into the hands of creditors and ex-spouses; & make sure that special needs children still qualify for benefits.
What Happens If I Pass Without A Trust?
The most common devastating results of passing without a Trust
Family forced into Probate Court, even if you had a Will.
Family must publicly declare your assets and their values to the county.
Heirs are accidentally disqualified from needed benefits.
Assets involuntarily end up in the hands of creditors, bankruptcy courts, or ex-spouses.
Easily avoidable taxes, Probate fees, court costs, and legal fees drain the estate leaving little for your family.
Loved ones are accidentally disinherited.
Drawn out court battles between family.
Large sums are given to the children with substance problems or who are too young or immature to handle them.
Why gamble with the future of the ones that mean the most to you?
Why Should I Avoid Probate?
Probate Can Be Expensive...
Probate is the legal process through which the court ensures that, when you die, your debts are paid and your assets are distributed according to Michigan law. It can be very expensive. Legal fees, executor fees, inventory fees (county taxes), and other costs have to be paid before your assets can be fully distributed to your heirs. If you own property in other states, your family could face multiple probates, each one according to the laws in that state. These costs can vary widely, but I have had clients who had to pay tens of thousands of dollars throughout the probate process. In general, Probate is much, much more expensive than doing some simple planning in advance.
Probate Can Take A Long Time...
It takes a long time… In Michigan, the standard probate process takes a minimum of 5 months to complete. However, in my experience it generally takes 9 months to a year to resolve simple cases (and several years for contested cases). We once represented a client whose Probate lasted for 8 years!
Probate Is Public...
Your family has no privacy. Probate is a public process, so anyone can see the size of your estate (often what you actually owned), who you owed debts to, who will receive your assets, and when they will receive them. The process invites upset heirs to contest your Will and can expose your family to greedy creditors and potential fraudsters.
How Can I Avoid Probate?
An experienced Troy Trust Attorney can you help you draft a Living Trust which allows you to avoid Probate Court.
What's Better, A Living Trust Or A Last Will?
Contrary to what you’ve probably heard, a Will may not be the best plan for you and your family.
That’s mainly because a Will does not avoid Probate when you pass away. A Will needs to be validated by the Probate Court before it can be enforced. Also, because a Will can only go into effect after you die, it provides no protection if you become physically or mentally incapacitated.
So a court appointee could easily take control of your assets before you die – a concern for many Michiganders and their families. Fortunately, a Living Trust is a simple and proven alternative to a Will that avoids Probate and keeps control of your assets while you’re living – even if you become incapacitated or die.
Your Troy Trust Attorney Can Help You With A Specialty Trust
Some families require additional planning beyond just a Living Trust. That’s why we offer a wide variety of additional Trust services to make sure you have all of your bases covered when putting together a comprehensive Estate Plan. Our services include:
- Irrevocable Trust
- Special Needs Trust
- IRA Beneficiary Trust
- Realty Trust
- Dynasty Trust
- Home Protection Trust
- Medicaid Planning
- Bankruptcy Protection Trust
- Substance Abuse Protection Trust
- Pet Trust
- NFA Gun Trust
- Substance Abuse Protection Trust
- Gambling Protection Trust
- Discretionary Trust
Some families require additional planning beyond just a Living Trust. That’s why we offer a wide variety of additional Trust services to make sure you have all of your bases covered when putting together a comprehensive Estate Plan. Our services include:
- Irrevocable Trust
- Special Needs Trust
- IRA Beneficiary Trust
- Realty Trust
- Dynasty Trust
- Home Protection Trust
- Medicaid Planning
- Bankruptcy Protection Trust
- Substance Abuse Protection Trust
- Pet Trust
- NFA Gun Trust
- Substance Abuse Protection Trust
- Gambling Protection Trust
- Discretionary Trust
Contact A Troy Trust Attorney For Your
Free Consultation
We understand that your family’s planning needs are unique. That’s why we take a personalized approach to ensure that all of your needs are taken care of properly – the first time.
At Rochester Law Center, we promise to always deliver you the following:
- Customized Wills, Trusts, and Estate Plans to fit your needs
- Unlimited access to your attorney throughout the entire planning process
- No surprise costs – we quote flat fees
- Installment plans to help you get started now and pay over time
- No obligation consultations and no high pressure sales tactics
- Personalized and friendly service
It’s our goal to give you outstanding customer service. We want you to feel knowledgeable and comfortable about all of your planning options and what we can do to help. We want to empower you to make great decisions so that you have the peace of mind knowing that your family will be taken care of, even if you’re no longer there to take care of them yourself. That’s why we provide free consultations & practical guidance.
