Michigan Trusts Lawyers, 248 Lawyers.
Are you prepared to protect take care of your family? 248Lawyers are experts in creating valid Michigan Trusts.
When you are proactive about estate planning, you are sparing your family stress and unnecessary taxation in the future. You may choose to grant a loved one durable power of attorney, allowing that person to make medical and financial decisions for you if you are no longer able to do so on your own.
What is a trust?
A trust is a relationship in which a person (or business) holds title to property for the benefit of another person. The terms of this relationship are usually described in a written document, which is commonly called a trust instrument, trust agreement, declaration of trust or simply trust.
Who are the parties to a trust?
The creator of the trust is commonly called the settlor, trustor, or grantor. The person (or business) holding title to the property for the benefit of another is called the trustee. A person for whose benefit the trust was created is called a beneficiary. The grantor may choose to be both a trustee and a beneficiary of the trust. However, a valid trust is not created if one person is both the sole trustee and the sole beneficiary.
248 Lawyers P.C. offices are located in Madison Heights and Port Huron. We serve clients in Oakland, Saint Clair, Livingston, Macomb, Wayne, Sanilac, Washtenaw, Genesee, and Lapeer County. We serve the entire State of Michigan.
A free consultation with an expert Trust lawyer is just one click away.
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