It’s a delicate subject, but discussing estate planning is crucial when you are thinking about what comes after. You want to provide for your loved ones in your absence, so you need to be sure that you’ve chosen the best providers of legal services for your peace of mind.
An estate planning lawyer understands how to advise clients in the event of an accident that results in mental incapacitation or death. Choose the best estate planning lawyers in Commerce Township, Michigan, with Michigan Premier Law, P.C. The right attorney can make a huge difference in your family’s future.
Estate planning is not just about your last will and testament. An estate planning attorney understands living trusts, how to avoid or lessen estate taxes, and how to make sure that creditors can’t get your assets after you’ve passed them on to your beneficiaries.
A living trust is a legal document that provides directives to your attorney and beneficiaries as to how to handle your estate. This contrasts with a power of attorney, which bestows decision-making powers on one person, but cannot specify that person complies with your wishes.
When a court deems someone disabled, they become a “Ward.” These debilitating conditions may be due to mental illness, dementia, or injury. A Ward needs a guardian to make crucial decisions on their behalf.
Guardianship is complicated, time-consuming, and costly. It usually necessitates two attorneys, one for the petitioner (if someone is seeking guardianship) and one to investigate the petition.
Guardianship and its attendant hurdles can be avoided entirely by bestowing a medical power of attorney, also called Patient Advocate Designation or PAD – Michigan’s version of an advanced medical directive. An expert estate planning lawyer like those at Michigan Premier Law, P.C. can guide you through the paperwork.
Estate planners in our local Commerce Township law firm can help you understand the different powers of attorney.
The person with PAD relays directives to health care providers if you’re severely disabled. With financial power of attorney, you determine the individual you want to make economic determinations for you. In many instances, the loved one who has medical power of attorney also has financial power of attorney as well.
You must understand these choices and distinctions before you become ill or incapacitated.
The law offices of Michigan Premier Law, P.C. can help you look after your assets so that your family secure for a long time to come. With our expertise, you can be positive about your loved ones’ comfort during a trying time.
Our estate planning attorneys at Michigan Premier Law, P.C. in Commerce Township establish a comfortable atmosphere for you to share personal details, and are knowledgeable in the most recent in injury law, family law, real estate law, and elder law.
Contact us at (248) 688-0045 for a free consultation so you and your family can feel secure about their future.