Norton Shores Family Trust Lawyers

The legal process of passing your assets on to your loved ones can seem daunting. Fortunately, our experienced legal team can help dramatically simplify the process for you. For example, many Norton Shores families would benefit tremendously from the establishment of a family trust. In many cases, a family trust is the most cost effective and efficient way to pass on assets. If you have any questions about how to transfer assets to your relatives, please contact our experienced Norton Shores family trust lawyers for immediate assistance.

A family trust, similar to other types of trusts, is a legal binding document that one can set up during their lifetime. Assets will be selected and they will be placed into the legal ownership of the trust. It is important to note that while those assets were legally transferred to the ownership of the trust, the rights of the original owner remain intact. If you place assets into a family trust, you will always still maintain full possession and control of your assets during your lifetime. However, once the assets are in the family trust, the owner of the trust will be able to include instruction for how to distribute those assets in the event that the trust owner becomes incapacitated or passes away. This type of estate planning tool offers a number of key benefits for Michigan residents.