With years of experience in Michigan estate law, the Law Office of Julie A. Paquette offers expert guidance in trust creation and management. We provide reliable solutions to safeguard your assets and provide for your loved ones.
Chesterfield Michigan Michigan
Trust Lawyers
With years of experience in Michigan estate law, the Law Office of Julie A. Paquette offers expert guidance in trust creation and management. We provide reliable solutions to safeguard your assets and provide for your loved ones.
Our Chesterfield Michigan Trust Services
Trusts are a vital tool in estate planning, working alongside wills to help you achieve your individual planning goals.
Trust documentation outlines how your assets, including financial holdings and properties, will be managed and distributed according to your wishes.
At the Law Office of Julie A. Paquette, we understand that navigating the complexities of trusts can be challenging. Our dedicated Michigan trust lawyers are here to simplify the process, answer your questions, and address your unique needs.
A trust allows you to manage your assets during your lifetime and distribute them according to your wishes after your death. It offers several benefits:
- Avoid Probate: Trusts can help your heirs avoid the lengthy and costly probate process.
- Privacy: Unlike wills, trusts are not public records, keeping your estate details private.
- Control: You can specify how and when your assets are distributed.
- Protection: Trusts can protect your assets from creditors and legal claims.
Types of Trusts in Michigan
Types of Trusts in Michigan
Our experienced attorneys can assist with various types of trusts, including:
What Our Chesterfield Michigan Clients Say
”“I called the Law Office of Julie A. Paquette to help me settle my mother’s trust. Julie and Nicole helped me get appointed as trustee and worked through getting the trust documents and information. Julie and Nicole made dealing with the court system much less stressful!”
~ Sue Saarela
”“They helped me and three other trust beneficiaries be represented in a trust dispute regarding my grandmother's trust. I found Nicole to be very personable, transparent, and efficient at her job. Hopefully, I don't have to be involved in any other trust issues, but if I did, I know who I would reach out to again!”
~ Lexi B.
”“I was widowed in 2019 and needed help creating a trust and estate plan. Everyone at this office is helpful and kind. Would definitely recommend them!”
~ Willo Jean May
”"Received excellent advice when working with my trust. Timely, hands-on approach with great explanations and rationale for any of their advice. Great firm!"
~ Kate Miller
”“We worked with Nicole L. She was patient and kind and explained everything in detail! I highly recommend using her to prepare your will or trust!”
~ Julia Edwards
Our Chesterfield Michigan Michigan Trust Case Process
STEP ONE:
Initial Consultation
We start with a free and confidential consultation to understand your goals and assess your assets, discussing the best trust options for your needs.
STEP TWO:
Drafting and Review
Our team drafts a customized trust document, reviews it with you, and makes necessary adjustments to ensure it reflects your intentions.
STEP THREE:
Finalization and Funding
We assist with the execution and notarization of the trust, guiding you through the process of transferring assets into the trust.
Frequently Asked Questions
What is a trust, and why do I need one in Michigan?
A trust is a legal arrangement where a trustee holds and manages assets on behalf of beneficiaries. Trusts can help you manage and protect your assets, avoid probate, maintain privacy, and ensure your wishes are followed.
What are the different types of trusts in Michigan?
There are several types of trusts, including:
- Revocable Living Trusts: Allow you to retain control over your assets and make changes during your lifetime.
- Irrevocable Trusts: Provide greater asset protection and potential tax benefits by removing assets from your estate.
- Special Needs Trusts: Ensure a loved one with special needs receives proper care without affecting their eligibility for government benefits.
- Charitable Trusts: Enable you to support charitable causes while providing tax benefits.
- Testamentary Trusts: Created through your will to provide for beneficiaries after your death.
How do trusts avoid probate in Michigan?
Assets placed in a trust are not subject to probate because the trust itself outlines how the assets should be distributed upon your death. This allows for a quicker, more private, and less costly transfer of assets to your beneficiaries.
Can I change or revoke my trust in Michigan?
It depends on the type of trust. Revocable Living Trusts can be changed or revoked by the grantor at any time during their lifetime. Irrevocable Trusts, once established, generally cannot be changed or revoked, providing stronger asset protection.
How do I fund a trust in Michigan?
Funding a trust involves transferring ownership of your assets to the trust. This can include real estate, bank accounts, investments, and personal property. Properly funding the trust is essential to ensure that your assets are managed and distributed according to your wishes.
Why do I need a Michigan trusts lawyer?
A trusts lawyer ensures that your trust is correctly drafted, executed, and funded, preventing legal issues and protecting your assets. At the Law Office of Julie A. Paquette, our experienced attorneys provide legal guidance to create a comprehensive and effective trust, tailored to your unique needs. Contact us for professional assistance with all your trust needs.
Contact Our Chesterfield Michigan Michigan Trust Lawyers at The Law Office of Julie A. Paquette Today
If you need assistance with creating or managing a trust, rely on the experienced team at the Law Office of Julie A. Paquette. We provide personalized legal services to protect your assets and secure your family’s future. We’re committed to being with you through every step of the process. Schedule your free and confidential consultations with us at (248) 648-1148 today!
