Revocable Living Trusts in Michigan | Michigan Estate Planning Lawyers

Revocable Living Trusts

Over 100 Years of Collective Experience On Your Side.

Taking time to make plans for your estate can be difficult for most people. However, it is important to outline your wants now in order to guarantee your wishes are carried out after you are gone. One way to protect your assets is through the creation of a trust. There are different types of trusts you can have set up including irrevocable life insurance trusts, irrevocable gift trusts, charitable trusts and revocable living trusts.

A revocable living trust gives you the flexibility to use the assets included in it while you are still alive. Additionally, with this type of trust you can make adjustments to its terms at any time. By working with our legal team at Grewal Law PLLC to create your revocable living trust you will be able to protect your assets while maintaining your privacy. You will also have control of everything put into the trust allowing you to continue managing how these assets are distributed or invested.

Another great benefit of any type of trust is the agreement remains private and does not have to go through the court system in order to be legal. So, if you want to maintain your privacy consider setting up a trust.

Contact Grewal Law PLLC to learn more about how a revocable living trust may be the right option for you. Call (888) 211-5798.

Contact Us

First Name
Please enter your first name.
Last Name
Please enter your last name.
Phone
Please enter your phone number.

This isn't a valid phone number.
Email
Please enter your email address.

This isn't a valid email address.
Are you a new client?
Please make a selection.
How can we help you?
Please enter a message.
- By clicking this box and clicking the Send Information button, I give my express written consent for www.4grewallaw.com, affiliates, advocates and/or attorneys to contact me at the phone number provided, even if this number is a wireless number or if I am presently listed on a Do Not Call list. I understand that I may be contacted by telephone, email, text message or mail regarding case options, and that I may be called using automatic dialing equipment. Message and data rates may apply. My consent does not require purchase.
Please make a selection.

A History Representing Victims of Sexual Abuse Grewal Law, PLLC Represented One Third of the Survivors in the MSU and Larry Nassar Lawsuits, Who Reached the $500 Million Settlement. Grewal Law is part of a legal team currently representing over 100 survivors of Robert Anderson at University of Michigan. We are pleased to announce a $490 million settlement in principle.

OVER A CENTURY OF COLLECTIVE EXPERIENCE

Understanding Your Trust

As the person having a trust created, you will be known as the grantor or settlor. The trust is a legal arrangement for your assets to be passed along to specified beneficiaries. The passage of these assets is through a trustee who will carry out your wishes regarding the transfer of your assets. Compared to other options, the benefit of a living trust is that you will continue to manage all of your assets during your lifetime.

When you create a trust, you will need to select a trustee who will ensure your wishes are carried out after you pass away or are otherwise incapacitated. Your trustee will have a responsibility to be fair in the administering your assets and will need to understand any changes to laws which may impact your estate.

Under the Michigan Trust Code, the responsibilities and legal requirements of a trustee are outlined. Grewal Law PLLC’s experienced estate planning attorneys can help you choose a trustee.

By creating a revocable living trust, you have the ability to change, amend or even terminate the agreement during your life. You have total control of how the trust operates. As circumstances in your life change you may decide to make adjustments to your trust. While serving as your estate planning law firm we can handle all of these adjustments for you.

The state has amended law-related the transfer of property ownership and other assets, so make sure to contact your estate planning legal counsel to learn how these changes may impact a trust.

One area where a revocable living trust does not provide any advantages is in regards to Medicaid eligibility. Under Michigan law, a person’s income and assets are considered when determining if you will receive coverage. Because you have access to your assets in a revocable trust there is a possibility your assets could impact whether or not your eligibility.

Our attorneys are ready to help you learn more about asset protection or Medicaid crisis planning. We can also explore other options to help you maintain Medicaid eligibility while having a revocable living trust.

Recovered over a billion dollars On Behalf Of Our Clients

Sexual Abuse

We represented 111 of the 333 survivors in the lawsuits against Michigan State University for sexual abuse involving the former MSU doctor, Larry Nassar.

Grewal Law has been amazingly empathetic and forward-thinking through this very emotional and trying time.
- Anonymous
View All

Create a Revocable Living Trust Today

If you want the protections provided by a trust while having the ability to make decisions regarding your assets throughout your life, then a revocable living trust may be the best option for you. Our Michigan estate planning attorneys are ready to help you decide if setting up a trust is the best choice for you. Protecting your assets for your family and loved ones after you are gone is important, so take time to make plans now.

Our team is ready to help you decide if setting up a trust is the best choice for you. Protecting your assets for your family and loved ones after you are gone is important, so take time to make plans now.

Grewal Law PLLC is ready to help you understand everything regarding a revocable living trust. Call us today for a free quote at (888) 211-5798.

Continue Reading Read Less

Meet Our Team

A Relentless Firm That Doesn't Take No For An Answer

Our areas of Focus

Schedule a Free Consultation Today

Protecting Your Rights

First Name
Please enter your first name.
Last Name
Please enter your last name.
Phone
Please enter your phone number.

This isn't a valid phone number.
Email
Please enter your email address.

This isn't a valid email address.
Are you a new client?
Please make a selection.
How can we help you?
Please enter a message.
- By clicking this box and clicking the Send Information button, I give my express written consent for www.4grewallaw.com, affiliates, advocates and/or attorneys to contact me at the phone number provided, even if this number is a wireless number or if I am presently listed on a Do Not Call list. I understand that I may be contacted by telephone, email, text message or mail regarding case options, and that I may be called using automatic dialing equipment. Message and data rates may apply. My consent does not require purchase.
Please make a selection.