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Set Up A Living Trust

Estate planning is the process of creating a plan to pass your legacy and your <br>assets on to your family in the most efficient way possible. <br>A lot of people think estate planning is just planning for death. <br>But, when we talk about comprehensive estate planning, we are also talking <br>about planning for incapacity.

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Set Up A Living Trust

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  1. Set Up A Living Trust

  2. Set Up A Living Trust www.rochesterlawcenter.com 248-613-0007 543 N, Main St, Ste 222 Rochester MI 48307 rochesterlawcenter.com

  3. Estate planning is the process of creating a plan to pass your legacy and your assets on to your family in the most efficient way possible. A lot of people think estate planning is just planning for death. But, when we talk about comprehensive estate planning, we are also talking about planning for incapacity. One of the most popular documents people use when estate planning is a revocable living trust because of the combination of flexibility and protection it provides. we will discuss some of the reasons why people set up a living trust. rochesterlawcenter.com

  4. Efficiently Transfer Your Assets After Your Pass rochesterlawcenter.com

  5. One of the major goals people have when they set up a living trust is to efficiently transfer their assets to their family members after they pass away. • When you draft a living trust, you will name who you want to receive your money and property and how much they should receive. • One of the benefits of a living trust is that this transfer of your assets is done in private. rochesterlawcenter.com

  6. Set up a living trust to avoid probate court rochesterlawcenter.com

  7. If you don’t have a living trust in place when you pass away, your family will have to go through probate court. It’s a common misconception that a will avoids probate court. Unfortunately, this is not true. Probate is a public process that your will and assets must go through before your assets can be distributed to your loved ones. This can be a long, stressful, and expensive process for your family to go through during a time of mourning. rochesterlawcenter.com

  8. Keep Financial Matters Private rochesterlawcenter.com

  9. This is related to probate avoidance, so it’s natural that we address it next. As we stated in the previous section, probate is public, which means your will and your assets become public as well. If you would like to keep your assets private, you may want to set up a living trust. That’s because with a trust, the transfer of your assets happens privately, often in a matter of days or weeks instead of months, or potentially years depending on what happens in probate court. The only people who are entitled to know the contents of the trust are the people named in it, such as your successor trustee and beneficiaries. rochesterlawcenter.com

  10. Next Step… rochesterlawcenter.com

  11. SCHEDULE YOUR FREE Consultation CALL US AT 248-613-0007 TODAY! We offer Phone and Web consultations, in addition to traditional in-office consultations.  Let our staff know that you prefer to “meet” with one of our attorneys in the comfort of your own home via Phone or Web conference and we will get you scheduled based on your preference.  • Free Consultations • No Need To Travel • Do Everything Remotely • No Hidden Fees • Streamlined Processes • Fast, Easy, Stress Free rochesterlawcenter.com

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