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.
Estate planning is the process of making sure that the people you care about are always cared for. Biddinger & Estelle, PC helps people of all ages to use the estate planning tools they need to provide protection for the people they love. We can also assist you in making advance plans for end of life issues and making sure your assets are kept safe so they can be used to achieve your goals. To find out more, give us a call at 989-872-5601. We will offer personalized advice on estate planning and can answer questions you may have including:
- When should I make an estate plan?
- What will be part of my estate plan?
- How can a Michigan estate planning lawyer help me?
When Should I Make an Estate Plan?
You should make an estate plan now if you haven’t already made one. If you have an estate plan but it is not updated to reflect your current goals or your current life situation, you should update your plan today. No one is guaranteed a tomorrow, and the sad reality is that your family could be left in a difficult situation when you don’t take the steps to protect them. You could also face unnecessary struggle at the end of your life if you have no plan and are forced to undergo unwanted medical care.
You have people depending upon you, you owe it to yourself to make your wishes known. You also have assets you have worked hard to acquire. Why let fate take control over what happens to you and your family? Get started on your plan today so you have the peace of mind of knowing you’re protected.
What Will be Part of my Estate Plan?
Your estate plan should contain the legal documents and legal tools you need to provide the desired protection for your assets, your autonomy, and your family. Depending upon your life stage, level of assets, goals for the future, and many other factors, your plan could be simple or it could be much more complex. The goal is to find the right personalized solution for you. With help from a Michigan estate planning lawyer, some of the legal tools which you may decide to include in your plan include:
- A last will and testament, which is the simplest estate planning tool and which is used to transfer assets.
- Trusts, which can take many forms and can be used for a huge variety of purposes ranging from protecting heirs who are bad with money to making sure your nursing home care doesn’t leave you with no assets for your loved ones.
- Advanced directives, which can include specific instructions regarding medical care you wish to receive or care you wish to decline in an emergency medical situation.
- A power of attorney, which vests responsibility for your assets and sometimes your healthcare choices in a person who you select.
- A business succession plan, which facilitates the transfer of an ownership share in your family business to those who will take over after you are gone.
Knowing which estate planning tools to use can be difficult, especially as there are many different kinds of trusts. Your plan should address important issues like caring for minor children and providing for people and causes you believe in – and your lawyer will help you to select the right combination of tools to make sure the mark you leave on the world is a positive one.
How can a Michigan Estate Planning Lawyer Help Me?
Biddinger & Estelle, PC provides comprehensive assistance with the estate planning process to clients in Cass City, Bad Axe, Caro, Deckerville, Reese, and surrounding areas throughout Michigan. You are never too old to come to us for estate planning help, and we can provide advice and assistance at all phases of your life from the time you are young until the end of your days. To find out more about the estate planning process and about the ways in which we can help you and your family to be prepared always, no matter what happens in the future, give us a call at 989-872-5601 or contact us online.