Trusts Aren’t Just For the Wealthy

Did you know that trusts are not just for the wealthy?

A trust is a legal document that manages your assets and property in Michigan. This document also ensures that  your assets are properly distributed according to your wishes. Successfully setting up a trust will lower your chances of your final wishes not being carried out.

Probate vocabulary that you should know:Probate Lawyer Colton

Trust: An arrangement that allows a trustee to hold assets on behalf of a beneficiary.

Grantor, Trustor, Settlor: The person who original owned the assets.

Trustee: The person or institution appointed to manage the assets of the Grantor for the benefit of a beneficiary.

Let Probate Lawyer Michael Colton assist you!

 

Be Sociable, Share!