Troy Michigan Estate Planning Attorney:
Estate Planning is the process of arranging the settlement of your estate when you pass away. Estate planning is important to protect your assets and to ensure your wishes are carried out and your family is taken care of. Everyone knows it should be done, but few actually are excited about sitting down and getting their affairs in order.
However there are several reasons this is very important. First, if you were to suddenly pass away before you have a finalized estate plan, your loved ones will have to essentially file a lawsuit with the probate court to have someone named executor of the estate, get access to your bank and credit accounts, and disperse your assets. This process is very time consuming. If your family does not have the assets to cover all your bills, or even knowledge of the bills that are outstanding any property you have may become delinquent, go into foreclosure, or even be subject to a tax lien. This will end up costing much more in the long run, and will eat into the financial legacy you can leave these loved ones. Additionally, everyone knows at least one horror story of someone who had to handle the disbursement of a parent or relatives estate. Now imagine that person was not even able to access to bank accounts, sign legal documents, or act as this person’s agent. Handling the closure of a person’s estate can be full time job even with the proper documentation of a will and testament, let alone without.
Our firm provides estate planning services including:
- Revocable living trusts
- Living wills and medical directives
- Power of attorney
- Business succession
- Charitable giving
- Probate administration
- Probate litigation and contested wills
- Trust litigation
To retain Garmo & Kiste, PLC, for assistance in these matters call us at (248) 398-7100 for a free consultation or contact us with a private message. We are experienced Michigan attorneys with offices in Troy, MI.