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Estate Planning Michigan Fundamentals

Estate Planning is all about developing a plan for the management of your assets and affairs during your lifetime, upon your death, and in case you become incapacitated. <br>Your estate comprises all the assets that you own, including business interests, investments, retirement benefits, insurance, personal property, and real property. <br>Estate planning laws in Michigan are described below.

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Estate Planning Michigan Fundamentals

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  1. Estate Planning Michigan Fundamentals Explained rochsterlawcenter.com

  2. Estate Planning Michigan www.rochesterlawcenter.com 248-613-0007 543 N. Main St, Ste 222 Rochester, MI 48307 rochesterlawcenter.com

  3. About Estate Planning • Developing a plan for the management of your assets & affairs during your lifetime. • Including business interests, investments, retirement benefits, insurance, personal property, and real property. rochesterlawcenter.com

  4. What Should I Be Careful About? • provision for Special needs beneficiaries, immatures, and minors • Avoiding Lifetime and Death Probate . • Protecting assets from long term care costs. • Minimizing taxation of your assets . rochesterlawcenter.com

  5. What Options Are Available To You? • No planning or do nothing • Will based planning • Trust-Based Planning • Power of Attorney • Joint Property & Beneficiary Designations rochesterlawcenter.com

  6. No Estate Planning • Fail or ignore to do estate planning. • Will not have the right to say anything on: • What will happen to your assets. • Your minor children. • To yourself when you die or, • If you become incapacitated rochesterlawcenter.com

  7. What Is Trust Based Planning? • It is a document that empowers you to: • Direct who will manage your financial affairs in case • Decide to whom and when your property will be distributed. • It helps to avoid Lifetime Probate • Death probate rochesterlawcenter.com

  8. Power Of Attorney • All estate planning Michigan should also include: • A Financial Power of Attorney • A Medical Power of Attorney • A HIPAA Authorization rochesterlawcenter.com

  9. Next Steps rochesterlawcenter.com

  10. SCHEDULE YOUR FREE Consultation CALL US AT 248-613-0007 TODAY! • Free Consultations • No Need To Travel • Do Everything Remotely • No Hidden Fees • Streamlined Processes • Fast, Easy, Stress Free We offer Phone and Web consultations, in addition to traditional in-office consultations.  Let our staff know that you prefer to “meet” with one of our attorneys in the comfort of your own home via Phone or Web conference and we will get you scheduled based on your preference.  rochesterlawcenter.com

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