Speak to a Qualified Trust Attorney Near Troy, MI and the Surrounding Areas
Wills and trusts are incredibly important documents. Make sure that they’re created correctly by working with a qualified will or trust attorney. Cozart Law Office is here to assist clients throughout the Troy, MI area. I am an attorney with over 25 years of experience that aims to provide you with reliable legal guidance.
What Are Wills and Trusts?
Learn Why These Documents Are Important
Generally speaking, most estate plans will include:
- Wills: A will is a legal document that designates where different assets will go after you pass. The document will name an executor, who will be in charge of distributing your assets to your beneficiaries after your death.
- Trusts: A living trust is a document that serves a similar function as a will, but has a different execution. A trust will name a trustee, who will be in charge of managing any assets in the trust throughout the remainder of your lifetime. The trust will also name any beneficiaries, or the recipients of these assets.
Wills and trusts have several differences. For example, a will only goes into effect after your death, while a trust goes into effect immediately after its creation. In addition, a will can designate how guardianship for any minors in your care should be handled, while a trust can only specify how certain assets are managed.
Make an Estate Plan That Works for You
Speak to a Qualified Attorney Today
Both wills and trusts can be useful estate planning documents when created correctly. It is, however, important to work with a will or trust attorney in their creation, as this can help you avoid potential litigation in the future. As your attorney, I will help you create a watertight document that will hold up in court. If you’d like to learn more and are in the Troy, MI area, then call for a free consultation. Satellite meetings are available in Bloomfield Hills, Southfield, Novi, and Livonia.