Trusts aren't just for the wealthy or for complicated estates. They can be helpful for "average" folks like you! What do trusts do? How can trusts be used?
A trust is an agreement between two parties: a settlor and a trustee. The trustee agrees to accept, manage and protect assets delivered by the settlor; to administer those assets according to the trust’s instructions; and to distribute the trust income and principal as the trust allows only for the benefit of the people identified in the trust.
Learn more about trusts and why they’re an important part of estate planning.
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If you’re interested in learning more about estate planning, please contact an estate planning attorney in Ann Arbor at 734-665-4441.
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