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What will happen with my children after I pass? What about their finances, their well-being, their inheritance? These are all frightening questions that may loom over our heads as we grow older. However, The Law Offices of David L. Carrier, P.C. can take care of these burdening questions and issues. If you are in need of a trust attorney, Grand Rapids, MI residents have an experienced trust lawyer to turn to.
Through personal counseling, custom tailored estate plans, and a detailed and intensive approach, our trust lawyer helps to provide you a piece of mind by assessing your short-term and long-term financial goals. To protect your children’s inheritance, especially in the instance of a court-case, a kid irrevocable trust may be the perfect solution. Among many things, a kid irrevocable trust can prevent a stepparent from disinheriting kids and can help protect your assets and your wallet from overwhelming nursing home costs.
Take it from one of our clients: “We appreciate the help in putting together the trust for our mom who is 89 years old, and the time they gave answering her money questions and the reassurance that what she is doing was necessary.”
Ron and Linda R.
Probate is the legal process in which a Norton Shores probate court will oversee the distribution of an estate’s assets. Generally, it is desirable to avoid probate when possible. The process can sometimes be expensive, lengthy and it is also public. A big benefit of a family trust is that it allows you to pass assets to your relatives without going through probate. You will usually be able to have a faster, simpler, more private process.
A family trust is extremely flexible and you will always be able toretain full control over it. Life is unpredictable, and there is always a chance that your needs might change. An experienced estate planning attorney can help you quickly update the document whenever your needs change. There are no limits to the changes you can make to a family trust, so you do not need to worry about making a permanent commitment when establishing a trust.
In some cases, a family trust may allow you to reduce your estate tax burden. This depends entirely on your individual circumstances. If you have a substantial amount of assets, an experienced Michigan estate planning lawyer should always comprehensively review the tax implications of your situation.
If you would like to take charge of your family’s financial decisions today by hiring a trust attorney, Grand Rapids, MI based Law Offices of David L. Carrier, P.C. can walk you through the process.
For more answers to your questions contact us today!