Michigan Estate Planning and Michigan Probate Questions and Answers
The following are common Michigan estate planning and Michigan probate questions.
What is Michigan Estate Planning?
Michigan estate planning involves more than just providing you a set of documents that say Living Trust or Last Will and Testament at the top. Michigan Estate Planning involves combining our legal knowledge with your knowledge of your goals and family history, then together we develop a legal plan to meet all of your Michigan Estate Planning goals including providing for minor children, protecting your spouse, saving on estate taxes and probate fees, and protecting your assets form outrageous nursing home costs.
What is involved in Michigan Estate Planning?
When you contact us to set up an initial consultation, we will mail you a short questionnaire that will provide a foundation for our initial consultation. We will review your situation including minor children, assets, beneficiary designations, goals, charitable interests and family situation. With that information we will develop a plan that uses various Michigan estate planning tools such as a Michigan Living Trust, Michigan Last Will and Testament, Patient Advocate Designation, Financial Power of Attorney, HIPAA Authorizations, Beneficiary Designations, and Michigan Deeds to real property.
Who needs Michigan Estate Planning?
If you are a Michigan resident and over the age of 18 at least a basic plan is needed that includes what we call disability documents in our office. Once you turn 18, in Michigan, you are legally an adult. What this means is that you need to appoint someone to make medical and financial deceisions for you if you were incapacitated.
What is Michigan Estate Planning?
Michigan estate planning involves more than just providing you a set of documents that say Living Trust or Last Will and Testament at the top. Michigan Estate Planning involves combining our legal knowledge with your knowledge of your goals and family history, then together we develop a legal plan to meet all of your Michigan Estate Planning goals including providing for minor children, protecting your spouse, saving on estate taxes and probate fees, and protecting your assets form outrageous nursing home costs.
What is involved in Michigan Estate Planning?
When you contact us to set up an initial consultation, we will mail you a short questionnaire that will provide a foundation for our initial consultation. We will review your situation including minor children, assets, beneficiary designations, goals, charitable interests and family situation. With that information we will develop a plan that uses various Michigan estate planning tools such as a Michigan Living Trust, Michigan Last Will and Testament, Patient Advocate Designation, Financial Power of Attorney, HIPAA Authorizations, Beneficiary Designations, and Michigan Deeds to real property.
Who needs Michigan Estate Planning?
If you are a Michigan resident and over the age of 18 at least a basic plan is needed that includes what we call disability documents in our office. Once you turn 18, in Michigan, you are legally an adult. What this means is that you need to appoint someone to make medical and financial deceisions for you if you were incapacitated.
- What is included in my estate?
- What is a Michigan Will or Michigan Last Will and Testament?
- What is a Michigan Revocable Living Trust?
- What is Michigan Probate?
- Who should be my personal representative, executor, or trustee?
- How should I provide for my minor children?
- Can I name alternative beneficiaries in my Michigan last will and testament or Michigan living trust?
- When does Michigan estate planning involve tax planning?
- Does the way I hold title to my assets make a difference?
- Are there any other ways of leaving property to my loved ones?
- What happens if I am unable to care for myself?
- Who should help me with my Michigan estate planning documents?
- Should I beware of salesman of financial and Michigan estate planning services?
- How much does Michigan estate planning cost, can I budget for it?
- How do I find a qualified Michigan estate planning lawyer?
- More to come, including answers, later...