Everyone over the age of twenty-five should have an estate plan. This protects the person’s assets and ensures the person’s final wishes will be honored. Estate planning is sometimes a complicated process and needs to be carried out carefully. This is why it is important a person seeks help from estate planning attorney near Ann Arbor MI. An attorney can help a person through every step of the process so they can rest assured their estate will be handled properly in the event of their death.
There are several crucial areas that will be taken care of during estate planning. These include:
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Documentation of a person’s wishes for their care should they become disabled before death
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Naming of a person to take over guardianship of minor children and be in charge of their inheritance
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Making sure family members with special needs are cared for
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Purchasing life insurance benefits to ensure final expenses and family needs are cared for upon the person’s death
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Transfer of business ownership upon the death of the person
Minimize or eliminate tax fees, court fees, and legal fees
Many people mistakenly believe estate planning is only for the wealthy. The truth is, everyone has an estate if they own any property at all. Estate planning is not just a one-time event. It is ongoing and changes as a person grows older, gains property, and has children.
With the help of estate planning attorney in Ann Arbor MI, the process does not have to be as intimidating. The attorney is there to guide a person in making decisions, not make them for them. The attorney will help a person to understand the legal ramifications of each decision they make so they can choose wisely and ensure their final estate plan is legally binding and will benefit their loved ones.
To ensure an estate plan is properly drawn up, it is important to work with an attorney. The attorney can assist a person in making sure their family’s needs are cared for. This also ensures their wishes will be followed after their death. Contact an attorney at Hermanowski Law today and get started on this important process.
