Discretionary Trust Lawyer | Serving Detroit, MI
Successfully Protecting Families and Their Assets for Over Two Decades. Let Us Advise You on Your Trust, Wills, & Probate Needs
For more than 20 years, Bingham Legal Group PC has offered comprehensive services to clients with simple and complex estate plans throughout Metro Detroit. Our client-driven approach has helped us emerge as a leader in estate planning, probate and trust administration and litigation. Whether you need help establishing an estate plan, administering a trust, a probate …
Beneficiaries of a discretionary trust receive what the trustees decide rather than a set amount used in standard trusts. The benefit of a discretionary trust is that it takes into account the disparity of the beneficiaries' income and allows the gifts to be taxed at a reduced rate.
Discretionary trusts are sophisticated financial arrangements regulated by specific trust law. Whether you are considering establishing a discretionary trust or are a beneficiary of such a trust, consulting with a Detroit discretionary trust lawyer is imperative. He or she can advise you about your legal options.
It is in your best interest to get legal help early on in addressing your situation. There are times when hiring a lawyer quickly is critical to your case, such as if you are charged with a crime. It may also be in your best interest to have a lawyer review the fine print before signing legal documents. A lawyer can also help you get the compensation you deserve if you've suffered a serious injury. For issues where money or property is at stake, having a lawyer guide you through the complexities of the legal system can save you time, hassle, and possibly a lot of grief in the long run.
Pro se - This Latin term refers to representing yourself in court instead of hiring professional legal counsel. Pro se representation can occur in either criminal or civil cases.
Statute - Refers to a law created by a legislative body. For example, the laws enacted by Congress are statutes.
Subject matter jurisdiction - Requirement that a particular court have authority to hear the claim based on the specific type of issue brought to the court. For example, the U.S. Bankruptcy Court only has subject matter jurisdiction over bankruptcy filings, therefore it does not have the authority to render binding judgment over other types of cases, such as divorce.
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