Everyone needs to plan ahead for what happens when they can no longer call the shots. Too many people only become concerned with estate planning near the end of their lives, but the truth is that it’s something they should be thinking about long before it may be needed.
Estate planning allows you to determine how your medical decisions will be made in the event that you can’t voice your wants and needs. It also uses different techniques to facilitate the transfer of your assets after you pass away. It is essential to begin planning for the future, and there’s no time to do so like the present.
Each and every situation is unique, so your plan must be, as well. Here are some of the ways that The Biddinger & Estelle, PC can help you secure your future and the futures of the ones you love most.
Asset protection is essential for anyone who has built wealth or who hopes to grow their nest egg. When you work hard to achieve financial security, you don’t want the fruits of your labor to be lost because of bad luck or unexpected circumstances. You need to make certain that you have done everything you can to protect your efforts and achieve peace of mind through financial freedom. An asset protection lawyer can help.
Biddinger & Estelle, PC is dedicated to assisting residents of Cass City, Bad Axe, Caro, Deckerville, and the surrounding areas with their elder law issues. From Medicaid to hospice care, there can be a great amount of things causing the elderly concern. Our knowledgeable and experienced attorneys are here to put your mind at ease and assist you and your loved ones with whatever comes your way.
Life is full of uncertainties, but you do not have to leave your legacy up to chance. The reality that every one of us must cope with is that there is no guarantee of tomorrow. What is guaranteed is that you want to provide for and protect your loved ones always, even if you cannot be here to do it.
Farms & Family-owned Businesses
Farms and family businesses are valuable assets. Not only does your company or farmland have a monetary value, but it also provides you with the opportunity to build bridges to the future and to create a strong legacy. Long after you are gone, your farm or company should still be operating – as long as you make plans for that to happen.
Biddinger & Estelle, PC provides assistance in planning to avoid guardianship, as well as in pursuing appropriate legal action when guardianship becomes necessary. Give our Cass City, MI guardianship lawyers a call today at 989-872-5601 if you want to spare your family from guardianship proceedings or if you are concerned that someone you love needs a guardian.
Medicaid Crisis Planning
A medical crisis could happen at any time. If you cannot pay for the medical care you need, and for the rehab or support services that may follow, the medical crisis can throw you and your family into financial turmoil. Coping with concerns about insurance coverage and bill payment at the same time you are dealing with a medical emergency can create untold amounts of stress, and can often make health situations worse.
Medicaid planning is a key step if you are trying to build something that will provide security for yourself and for your loved ones. Growing your nest egg and growing your business can allow you to be financially secure and to achieve something monumental, but high healthcare costs in your golden years could have a negative impact on your finances. As you work hard to accomplish your goals, you need the right legal support.
Bringing a pet into your life can bring you great joy. Studies have repeatedly illustrated the benefits of pet ownership, from reducing allergies in children to reducing stress and lowering your blood pressure. Pets can even make you live longer. With all that your animals can do for you, you owe it to them to make certain they are always cared for – even if something happens to you and you can no longer be their caretaker.
Powers of Attorney
A power of attorney is a very powerful legal tool that can help you to protect both your family and your autonomy. If you have created a power of attorney, you have taken a positive step towards protecting yourself and your assets, no matter what the future brings. If you don’t yet have a power of attorney, Biddinger & Estelle, PC can help.
When a family member or friend dies, you may find yourself involved in the probate process. The probate process takes place in court, and it is the process by which assets belonging to the deceased person transfer to their new owners. The probate process is a complicated one in many situations, especially if there are questions about whether the deceased left a valid will behind or not. Everyone has their role to play within probate, and navigating the legal process to fulfill your obligations can be difficult when you’re dealing with a death.
While probate is commonly required after a Michigan death, some people want to spare their family the hassle, stress, and costs associated with this process. Probate avoidance is possible, but can be difficult to achieve effectively, unless you understand what legal tools are available to you.
Special Needs Planning
Having a person in your life who has special needs can mean you have certain important responsibilities you wish to fulfill. Whether you are a parent, guardian, or simply a friend or a relative, you likely want to make life better and provide care for the person who you love in your life who is disabled. Unfortunately, your efforts can sometimes backfire if you don’t know how to make the right plan.
Trusts are one of the most powerful tools under Michigan law. Trusts are powerful because you can use a trust document to protect your assets, structure asset ownership in strategic ways, and provide strong protections for the people you love. There are many different kinds of trusts, and it is up to you which ones you use in order to receive the benefits that trusts can provide.
One of the most difficult things to cope with after a death is the fact that you now have legal issues to face. You must take care of winding up the affairs of the person who you loved who has passed away. This means making sure you follow their instructions, respect their wishes and transfer their assets to the people who are supposed to receive them.
Veterans should receive many benefits over the course of their life for the selfless service they provide to their country. As veterans get older and their need for care and support increases, understanding different benefit programs becomes increasingly important. Unfortunately, navigating the bureaucracy to get benefits can be challenging – especially if you are ill or are experiencing the effects of aging.
Young families have a tremendous opportunity to shape their future and to plan for wonderful things to come. Making smart choices now can set parents and children up for a lifetime of financial security and happiness. Young families can also benefit from thinking about what happens if there are bumps in the road, or even if tragedy strikes, so their loved ones will always be safe and provided for no matter what.