Does my Estate Plan Need a Trust?
Why you may need a TRUST!

Why a Trust is Needed in Michigan
A trust is a legal arrangement that allows an individual to transfer assets to a trustee, who manages them for the benefit of designated beneficiaries. In Michigan, establishing a trust is often a wise estate planning strategy that offers numerous advantages. Here is why setting up a trust in Michigan can be essential:
Avoiding Probate
One of the primary reasons to establish a trust in Michigan is to avoid probate, the court- process of distributing assets after death. Probate can be time-consuming, costly, and public. By placing assets in a trust, they pass directly to beneficiaries without going through probate, saving both time and money while maintaining privacy.
Protecting Privacy
Unlike wills, which become public records during probate, trusts allow for a more private distribution of assets. This is particularly important for individuals who wish to keep financial matters confidential.
Maintaining Control Over Assets
A trust allows the grantor to specify how and when assets are distributed to beneficiaries. This is particularly beneficial for individuals with minor children, beneficiaries with special needs, or those who may not be financially responsible.
Second Marriages and Blended Families
For individuals with children from a previous marriage, a trust can help ensure that assets are distributed according to their wishes, preventing disputes and ensuring that both a current spouse and children from a prior marriage receive appropriate inheritance.
Establishing a trust in Michigan provides numerous benefits. Consulting with us can help determine the best trust structure for a person’s specific needs.
Call the Law Office of Melder & Melder, P.C., and let our experience, knowledge, and skill, assist you in the toughest of circumstances.
Melder & Melder, P.C.
2304 East Eleven Mile Road
Royal Oak, Michigan 48067
Telephone: (248)-541-3400 or (800)-LAW-5454
Facsimile: (248)-541-6332
infoc@melderandmelder.com


