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Types Of Trust

The difference between will vs trust is usually confusing and sometimes times <br>the terms are used interchangeably.<br>While the two estate planning tools have some similarities, they need some <br>vital differences. <br>Understanding these differences will assist you determine which document <br>could also be right for your particular situation.

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Types Of Trust

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  1. Types Of Trust Defined

  2. Types Of Trust Defined www.rochesterlawcenter.com 248-613-0007 543 N, Main St, Ste 222 Rochester MI 48307 rochesterlawcenter.com

  3. The difference between will vs trust is usually confusing and sometimes times the terms are used interchangeably. • While the two estate planning tools have some similarities, they need some vital differences. • Understanding these differences will assist you determine which document could also be right for your particular situation. rochesterlawcenter.com

  4. Revocable Trusts rochesterlawcenter.com

  5. Revocable trusts are the foremost common and versatile kind of trust. • You many have heard of a “living trust” – this is often an equivalent thing as a revocable trust. • Michigan Living trust are popular because they will be changed, amended, or revoked after they're created. • In a revocable trust, the individual who creates the trust – also referred to as the grantor – places his property within the name of the trust and appoints themselves as trustee during their lifetime. rochesterlawcenter.com

  6. Irrevocable Trust rochesterlawcenter.com

  7. Irrevocable trusts generally can’t be changed after they're created. • Often times people create irrevocable trusts for special needs relations. • They also create them as tax and credit shields in some circumstances. • Irrevocable trusts are often very complex and typically people that make them have a selected goal they're trying to realize which will not be achievable with a revocable trust. rochesterlawcenter.com

  8. Next Step… rochesterlawcenter.com

  9. 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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