Representation In All Types Of Trust And Living Trust Issues
When people think of a “trust,” they often still think of the term “trust fund” and associate trusts with wealthy individuals. However, a trust is an estate planning tool that may be beneficial for individuals from all types of economic backgrounds.
If you wish to explore the possibility of using a trust as part of your estate plan, turn to our knowledgeable attorneys at Bingham Legal Group PC. Serving clients in the Metro Detroit area, we have more than 20 years of experience creating trusts and other estate planning documents. We are proud of our dedication to our clients, taking time to get to know them and their families in order to effectively tailor their trusts to meet their needs. Our lawyers know the importance of asset preservation. Contact us today to discuss trusts and how they can be part of a comprehensive estate plan.
Types of Trusts
There are many different types of trusts that are designed to achieve a wide range of goals. However, they can all be implemented to protect your assets and estate. We can help you understand the types of trusts below:
- Living trusts
- Revocable trusts
- Irrevocable trusts
- Charitable trusts
- Discretionary trusts
- Special needs trusts
- AB trusts
- Life insurance trusts
Benefits of a Trust
Depending on the type of trust you implement, you may benefit from tax planning and deferred income into trusts, provide for children with special needs, plan for future nursing home care, control the funds that are entrusted to loved ones either before or upon your death, or contribute some of your estate assets to designated charities. Our firm can assess your situation, evaluate your estate and recommend the types of trusts that may help you the most.
Contact Our Metro Detroit Trust Lawyers
For an appointment and consultation, please contact our last will and testament lawyers at 248-952-8783. Bingham Legal Group PC is a full-service law firm providing counsel and service to individuals and businesses in Bingham Farms, the greater metropolitan Detroit area and throughout Michigan.