Top Royal Oak Bare Trust Lawyers Near You

Prince Law Firm

Bare Trust Lawyer | Serving Royal Oak, MI

Free Consultation

248-865-8810

Probate Matters and Estate Administration Can Be Complex and Have High Stakes. We'll Help to Protect Your Family and Interests.

Bohm Wildish & Matsen, LLP

Bare Trust Lawyer | Serving Royal Oak, MI

Free Consultation

714-384-6500

Our Team Utilizes Extensive Knowledge of Trust And Estate Law With A Combined 100+ Years of Experience In Order To Realize The Most Favorable Outcome.

Boroja Bernier & Calvin PLLC

Bare Trust Lawyer | Serving Royal Oak, MI

Free Consultation

586-203-2906

Whether you are planning for yourself or loved ones, your financial well being is important to us. Call today.

Aldrich Legal Services PLLC

Bare Trust Lawyer | Serving Royal Oak, MI

Free Consultation

Experienced Estate Planning and Probate Lawyers. We will build the best solution to protect your family. Please Call

Bare Trust Lawyers in Royal Oak

Lead Counsel Verified
Other Attorneys

Royal Oak Bare Trust Information

Are You Thinking About Setting Up a Bare Trust?

If you are considering setting up a bare trust to convey property to your children or grandchildren, getting the advice of a Royal Oak attorney skilled in bare trusts can help you determine if such a trust is the right tool for achieving your wishes.

Use a Bare Trust to Transfer Property to Your Loved Ones

In a bare trust, or simple trust, the beneficiary has the complete right to the capital and assets within the trust and the income generated by the assets. Assets of the trust are held in the name of a trustee, who must manage them to maximum the benefit for the beneficiaries. The trustee has no control over the trust's income or capital and must act according to the beneficiary's instructions. The beneficiary is entitled to take ownership and control of the trust property.

Best Time to Seek Legal Help

No matter what your legal issue may be, it is always best to seek legal help early in the process. An attorney can help secure what is likely to be the best possible outcome for your situation and avoid both unnecessary complications or errors.

Tips on Approaching an Initial Attorney Consultation

  • Use the consultation as a means of gaining a better understanding of your legal situation.
  • Ask the attorney how many cases similar to yours he/she has handled. An attorney's experience and knowledge can speak to their expertise (or lack of) in addressing your situation.
  • Your attorney should be able to articulate roughly how long a case like yours will take to resolve and what sort of procedures to expect.
  • Determine how comfortable you are working with the lawyer and/or law firm.

How will an attorney charge me?

A reputable attorney will be very upfront about how he/she will charge you. The three most common fee structures that attorneys use to charge for their services are:

  • Bill by the hour
  • Contingent fee agreement
  • Flat fee agreement

Depending on your specific legal situation, it's possible that only one type of fee structure is available. For instance, criminal defense attorneys almost always bill by the hour. In a flat fee arrangement, an attorney accepts a one-time payment to help you resolve your issue. With a contingent fee agreement, the client pays little to nothing upfront and the attorney receives a percentage of the money recovered if you win your case.

Common legal terms explained

Personal jurisdiction - Requirement that a particular court have authority over a person, in order to bind that person to the judgment of the court, based on minimum contacts. International Shoe Co v. Washington is a landmark Supreme Court case outlining the scope of a state court's reach in personal jurisdiction.

Lead Counsel Rated Attorneys

Lead Counsel's objective process independently verifies attorney records, conferring with state bars across the country and conducting annual reviews to confirm that the attorney practices in the legal categories as indicated, possesses a valid bar license, and is eligible to practice in the specific jurisdiction.