Diligent Rochester Hills Trust Planning Attorney Assisting with Drafting Your Trust
We can also help you with trust litigation in Michigan
At Otlewski & Maloney, P.C., we provide you with assistance in developing trusts and resolving any related issues that require litigation. Our attorneys have more than 30 years of experience in solidifying the futures of Michigan residents through estate planning services. Our compassionate, easygoing approach at every meeting with you keeps you comfortable that the decisions you are making for the future are in the best interests of you and your family. At our firm, you work with lawyers who treat you with respect and dignity while effectively tackling the estate planning issues most important to you.
Our Rochester Hills living trust lawyers provide you with numerous benefits
Of the many different kinds of trusts available, the most common are irrevocable and revocable trusts. Under an irrevocable trust, you give up control over your assets during your lifetime and name a trustee to manage those assets. Under a revocable trust, you act as your own trustee. Which one is more suitable for your needs depends on what you want to accomplish.
Regardless of what type of trust you choose, however, our trust planning law firm in Michigan works with you to achieve benefits such as:
- Probate avoidance. Wills can help you avoid probate, but they do not guarantee that this will be possible. Transferring your assets to a trust prior to your death is a more secure way to avoid probate. Since probate could cost you up to 7 percent of the total value of your estate, avoiding probate is especially beneficial if you have a large estate.
- Privacy. Trusts, unlike wills, are completely private. Your financial worth and other assets do not become public after you die. And since trusts do not go through the probate process, information about trusts is not on the public record.
- Control over inheritance. Trusts ensure that your younger beneficiaries will receive their inheritance once they reach a certain age. Until that time, the trust manages the inheritance.
- Shielding from creditors. Irrevocable trusts prevent creditors from coming after your assets during your lifetime. This means that, no matter what, you will have something to leave behind to your family and friends when you die. This is particularly valuable for people who have careers that are vulnerable to lawsuits.
Obtain assistance from a Rochester Hills living trust attorney
For more information about trusts and trust litigation, call Otlewski & Maloney, P.C. at 248-759-5641 or contact us online to arrange a consultation. We provide flexible evening and weekend hours by appointment at our office in historic downtown Rochester.