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248.956.1473

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616.953.8450

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Trusts & Estate Planning

Trusts Attorney in Grand Rapids Working for You

Some trusts can later be revised, while others cannot. How your estate is arranged can make a significant difference in the amount of taxation on the estate, as well as the ease with which your loved ones can gain access to needed funds upon your death. There is no cookie-cutter solution that will truly protect your loved ones, although smaller estates are simpler to arrange. At Shifman & Carlson, P.C., our Grand Rapids firm offers both simple and advanced estate planning including the creation of a wide range of trusts.

Planning for the Future

Many wonder whether a trust is right for them, and if so, what type. Trusts are more flexible when it comes to distributing assets to beneficiaries. It is possible to set up a trust that provides funds to an individual over a long period of time rather than a large sum only at one time. Many prefer to avoid the probate process by establishing a trust. Trusts provide the individual with the following advantages:

Reduced Estate Taxes
Certain types of trusts that are carefully planned by an experienced probate attorney from our firm can save you and your family thousands of dollars in estate taxes. For many, this reason alone is enough to encourage them to begin drafting a trust.

Avoiding Probate
Probate is the legal process that takes place upon one's death. Ownership of your property and assets must be passed on to beneficiaries listed in your will. This is known as the probate process and includes the legal verification of the will. This process can be lengthy and in many cases costly. A correctly created trust can allow for some portions of the estate to pass directly to your chosen heirs outside probate.

Control Over Child Inheritance
A trust allows you to dictate the exact time when a child will receive the property or assets that you intend them to have. Many are given peace of mind in knowing that their child will be at the appropriate age when the inheritance is granted to them, so that they gain the benefit and avoid the risk of losing the assets due to their inexperience or youth.

If you are looking to establish a trust, be sure to contact a Grand Rapids probate lawyer from our firm today!

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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