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Michigan Probate Lawyer
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248.956.1473

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Grand Rapids Office

616.953.8450

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Trust Administration: Information

Grand Rapids Trust Administration Lawyer

Trust administration requires an attorney that has the ability to pay careful attention to even the smallest detail. In addition, your probate attorney that you hire should have extensive knowledge of probate law and experience in handling all aspects of trust administration. When you create a trust you are essentially granting control of your assets and property to another individual who is named a "trustee." Those that benefit from the trust are named "beneficiaries." Different types of trusts exist such as an irrevocable trust (a trust that cannot at any time be changed) and a revocable trust (a trust that can later be modified). Having a trust can benefit your family be helping them to avoid going through the probate process which, at times, can be lengthy and complicated, particularly in large estates.

Trusts are commonly utilized in estate planning and can greatly simplify the process of dividing your assets. Once a trust is created, the ownership of property is vested in it. The beneficiaries of the trust will then hold limited rights regarding the property. He or she may not be able to sell or transfer the property that is granted to them, and each trust has specific restrictions, that should reflect the wishes of the creator of the trust.

Protecting Your Assets & Best Interests in Grand Rapids, MI

We have been helping individuals with trust administration since 1963. Our highest goal is to ensure that our clients are fully satisfied with that their estate plan and their trust or trusts, and that they have peace of mind knowing that their affairs are in order, and that their loved ones will be cared for as they wish. We have over 100 years of combined experience and utilize our extensive knowledge in trusts and in advanced estate planning techniques to the benefit of our clients. If you have any questions regarding the creation of a trust or will, please speak with a Grand Rapids probate attorney from our firm.

During the creation of a trust, a trustee must be named. The trustee is responsible for trust administration. He or she must ensure that the wishes of the individual that created the trust are protected. In some cases, the assets outlined in the trust are not available to an individual until later in their life. It is common for children to be named in a trust and for assets to be granted to them once they reach a certain age. The trustee is responsible for maintaining the assets and ensuring that these assets are used for the correct purpose. Our firm can help and we can respond to any of your individual questions.

Contact our Grand Rapids office today for a consultation and learn how we can help you.

248.956.1473

11313 Troon Dr.,
Stanwood, MI 49364
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Phone: (248) 956-1473
Local Phone: (616) 953-8450

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