Trust Planning Attorneys Serving Novi And Oakland County
A trust gives you more control over what happens to your assets. It lets you decide who gets what, when they get it and under what conditions. At Fleming & Borowicz PLC, our trust attorney team helps individuals, families and business owners across Novi, Oakland County and Metro Detroit. We build plans that fit your goals. A trust lawyer can help you manage assets, protect what you have built and plan for the future on your own terms.
What Is The Purpose Of A Trust?
A trust is a legal tool that holds assets for one or more beneficiaries. You create it, fund it and name a trustee to manage it. A trust creation attorney can help you decide what type of trust fits your situation and how to structure it.
Trusts serve many purposes. They support long-term asset management, provide privacy and let you set conditions on how and when assets reach others. A revocable living trust lets you keep control during your lifetime while creating a clear plan for what comes after. Our trust attorneys at Fleming & Borowicz PLC help you build a trust-based estate plan that reflects your actual goals.
What Is The Difference Between A Will And A Trust?
A will and a trust both direct how your assets pass to others. But they work in different ways. A will becomes active after you pass away, and it goes through probate. A trust can take effect during your lifetime and often lets assets pass without going through the court process.
Neither tool is always the better choice. A living trust attorney can review your situation and help you decide which approach fits. In many cases, a will and a trust work together as part of a complete plan.
Can A Trust Help Avoid Probate In Michigan?
In Michigan, a properly funded trust can allow assets to pass directly to your beneficiaries without going through probate. A revocable trust attorney helps you structure and fund your trust correctly so those benefits actually apply.
Michigan’s probate process can take months and carry real costs for families. Avoiding probate through trust planning can save your family time, money and stress. A trust attorney at Fleming & Borowicz PLC can walk you through how this works for your specific plan.
Key Considerations When Creating A Trust
Creating a trust takes more than signing a document. Each decision affects how the trust functions over time. At Fleming & Borowicz PLC, our trust attorneys work with clients to address each part of the process carefully. A trust planning lawyer can help you think through each decision before it becomes final.
Key considerations include:
- Trustee selection: Your trustee manages the trust and carries out its terms. Choosing the right person or institution is an important decision that deserves careful thought.
- Trust administration: A trust requires ongoing management. We help clients understand what administration involves before they commit to a plan.
- Funding the trust: A trust only works if it holds assets. We help clients transfer the right property into their trust.
- Coordination with succession planning: Business owners often need their trust to align with their succession planning goals. We help connect both sides of the plan.
Getting these details right from the start helps your trust work the way you intend.
Trusts As Part Of A Broader Estate Plan
A trust rarely stands alone. It works best as part of a complete estate planning strategy. At Fleming & Borowicz PLC, our trust attorneys coordinate the use of trusts with wills, powers of attorney and other planning tools. That gives clients a plan that holds together rather than a collection of separate documents.
Is A Trust The Right Tool For Your Plan?
Not every plan requires a trust. But for many families and business owners, trust planning offers real advantages worth exploring. At Fleming & Borowicz PLC, we offer a free initial consultation to help you decide. To schedule your consultation, call us at 248-934-0750 or fill out this form.