Hi, I’m Mike Greiner. I’m an attorney here with The Financial Law Group located in Warren, Michigan. Our website is financiallawgroup.com and our phone number is 586-693-2000. And I’m here to talk to you about why you should do a Trust rather than a Will. Most people think that they’re the same thing and they’re really not. What a will is, although it’s valuable to do a will rather than do nothing is basically a letter to the probate court telling the probate court how you want your assets to be handled. Many people think that by doing a will you’re avoiding probate altogether once you’ve passed and that is just not the case. If you’re goal is to avoid probate and allow your family to deal with the assets without having to deal with courts and lawyers and all those costs that are involved the way to avoid that is by doing a Trust. I believe in trust. I actually did it for my own family so I can tell you that that’s the case. Trusts do cost a little bit more on the front end because they’re a little bit more work but what we found is that by doing a trust, you’re able to completely avoid probate and make sure that it remains a private, within the family affair when dealing with the assets of someone who has passed.
If you want to find out more about setting up your Trust feel free to give me a call. I’d be happy to meet with you personally. Our phone number is 586-693-2000 and I do offer free consultations.