Estate Planning Overview

Estate Planning Attorneys Located in Canton, Michigan

i. Life is uncertain and estate planning attempts to eliminate uncertainties over the administration of your assets during incapacity and at time of death. Many clients also wish to reduce any cost for administering the estate as well as make the process as smooth as possible. Oftentimes capturing values and distribution of heirlooms are forgotten and cause a division among family members. The ultimate goal of each estate plan is determined by the needs of the client

ii. Many people think that estate planning is something that only the elderly need to think about. However, if you have family members who depend on you, then the reality is that it’s never too early to start planning your estate.

iii. Deciding what will happen to your home, your financial assets, and your personal possessions after your passing can be a difficult process. However, if you don’t take the time to make these decisions now, a court may end up dividing your property for you.

iv. Estate Planning is the development of a plan for managing your assets and affairs during your lifetime, in case of incapacity and upon your death. Our attorneys will tailor an estate plan to meet your particular needs.

v. Planning for the future by having an estate plan is important. Having an estate plan ensures your wishes are followed in the event of a tragedy. No one wants to contemplate the worst, however, you should be prepared so that you can protect yourself and the ones you love. Plan for the future with a living will/health care directive and power of attorney to ensure your needs are properly addressed— no matter what happens. An estate planning attorney can help to ensure that your assets are protected and your wishes followed. An appropriate estate plan can help reduce the likelihood of having to have a guardian or conservator appointed to manage your affairs.

vi. The decisions you make regarding your estate determine how your property will be divided and what estate taxes will need to be paid after your passing. Be sure that your wishes are carried out by consulting with Stelmock Law Firm, PC.