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.