Revocable Trusts in Oakland County
The Benefits of Revocable Trusts
A revocable trust is a
trust that can be altered or terminated. It is also referred to as a "living
trust" or "inter vivos trust" because it is made during
your lifetime. One of the advantages of a revocable trust is that you
are able to change it at any time, which means that you can use trust
assets whenever you would like. In addition to reducing the chance of
a dispute over your assets by heirs and beneficiaries, it can help you
avoid the need for a court-appointed conservator. Because probate can
be costly, lengthy and require a lot of effort, it may be beneficial to
avoid it entirely by leaving your assets in a revocable trust instead
of a will.
Expertise Where and When You Need It
A revocable trust may be the best option for your situation, and our Oakland
County estate planning attorney can discuss your options with you. If
you are interested in estate tax reduction or asset protection, for example,
an irrevocable trust may be a better choice for you and your loved ones.
Attorney Stuart Lee Sherman was included in the
Michigan Super Lawyers® Edition of 2006, an honor bestowed upon no more than 5% of attorneys in
the state. With more than 20 years of estate planning experience, The
Law Offices of Stuart Lee Sherman, PC is prepared to draft a qualified
estate plan that is most suitable for your family's unique needs.
Consult a Proven Oakland County Estate Planning Lawyer
We are problem solvers who are dedicated to assessing our clients'
problems, exploring options, determining the best path of action to find
solutions. Take advantage of our
free case evaluation to learn about creating a comprehensive estate plan for your family. For
more information about how revocable trusts could benefit your circumstances,
contact The Law Offices of Stuart Lee Sherman, PC today.