Estate Planning

Estate Planning

What is Estate Planning?

Estate planning is a term that has changed dramatically over the years. At one time, estate planning meant having a will that would go through probate and, if the individual was married, titling any property jointly with their spouse. It was often thought to be a process only for the wealthy, requiring many hours of expensive planning in the hope of avoiding estate taxes. Changes in the laws and changing views of finance, lifestyle, privacy, family structure, and longevity of life have made estate planning far more important and, frankly, more compelling for a larger group of people than ever before.

Estate planning is a much broader field than in the past and includes planning for not only your death, but also your incapacity. It includes choosing, for example, what will happen to your finances and assets, your minor children, and your health care in such situations. Taking steps before incapacity allows you to choose someone you trust to look after your affairs, and medical and end of life decisions, rather than leaving it for a court to decide.

For these and many other reasons, estate planning is no longer simply drafting a will or trust planning only for the wealthy. Estate planning is financial, retirement, business succession, charitable, medical, disability, end of life, asset protection, legacy, and gift planning. Its scope is not as daunting as it might seem from this list; it is actually quite exciting and rich in opportunities for those who have the foresight to plan.

We invite you to learn more about our Michigan estate planning attorney services below. Contact Mobile Legal Services for a free initial phone consultation and for additional information about how we can help you or your loved one. Our attorneys offer estate planning services throughout Southeast Michigan.

Wills

A Last Will and Testament is the most basic aspect of end of life planning and should be incorporated into every estate plan. Dying without an up-to-date will can have unforeseen and undesired consequences. Wills can range from simple to complex, but should always be kept updated. Click here to learn more

Trusts

Contrary to many people’s beliefs, trusts are not only for the wealthy. Trusts have many different purposes including, avoiding the probate court system after death, ensuring beneficiaries have the resources they need for an extended period of time, protecting assets from creditors, protecting vital government benefits, and the list goes on. Click here to learn more

Powers of Attorney

Well drafted power of attorney documents can prevent significant cost and frustration down the road. These documents are designed to ensure an individual with diminished capacity receives the care they need while also ensuring their bills are paid, and important decisions regarding their care are handled by someone they trust. Without these documents it is often necessary to apply for guardianship through the probate court. Click here to learn more

Guardians for Minor Children

Michigan law allows the parents of minor children to nominate individuals they would like to serve as guardian of their children if the parents are unavailable. Planning to ensure your children are cared for, and by the individuals you believe would offer the best guidance and parenting, could be the best decision you ever make. Click here to learn more

Practice Areas

Navigating the needs and complexities surrounding the older and aging population…
Guardianship, conservatorship, trust administration, and probating an estate.
Planning for an individual or loved one's incapacity or death
Future financial, life management, and medical care for those with disabilities.

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