Trust Administration Attorneys in the Greater Macomb County Area
A trust typically terminates when the grantor dies, and its assets are then distributed to whomever the grantor has designated. In nearly all cases, this would be the grantor's child or children, but a single grantor may have his or her trust go to anyone or to any organization. Since the trust's founder is usually the trustee when the trust is created, upon his or her death a new trustee must be named. This new trustee will be responsible for operating the trust and, more importantly, carrying out the distribution of its assets.
The responsibilities placed in the role of trustee under Michigan Law are tremendous. Trustees are given much power, and with that power, the law imposes many protectors against possible temptations to abuse that power that may arise. If you are a trustee or the beneficiary of a trust and have questions regarding how a trust administration lawyer at Mihelich & Kavanaugh, PLC might be of assistance in your particular circumstance, then please feel free to contact the firm’s office to schedule a free initial consultation with one of our attorneys.