Michigan Estate Planning Law Firm Focuses on Estate Planning
You’ve spent a lifetime building financial security for yourself and your family, and you’d like to protect it. The estate planning attorneys at Veritas Law Group can help you come up with a well-designed estate plan that will protect you from threats that can erode your assets and ensure that your estate will be distributed the way you want.
What Should an Estate Plan Do?
A well-designed estate plan will do a variety of things, including:
- Protect your assets from being lost unnecessarily to taxes, nursing home expenses, and probate
- Ensure that someone you trust will handle your affairs should you become disabled
- Help you maintain control over your medical decisions
- Eliminate worry that your assets might not end up with the beneficiaries that you have chosen
Most people procrastinate when it comes to estate planning. But an estate plan is about more than planning for death – it is about planning for what comes your way during your lifetime, and can give you and your family greater peace of mind regarding the future.
Estate Planning Tools
There are many different approaches to estate planning, but most utilize some of the following tools to help formulate the plan:
- Wills, the most basic component of estate planning, allow you to distribute your assets in the manner that you wish.
- Trusts, the most common being living or revocable trusts, provide for the individual making the trust during their lifetime and after death, controls distributions to their beneficiaries.
- Living wills, which specify to health care providers whether or not you want “life-prolonging” measures taken in the event that your body cannot sustain itself.
- Health care surrogate designations, more commonly known as health care power of attorneys, assure that if you are unable to make important medical decisions by yourself, a trusted family member or friend will be able to step in.
- Power of Attorneys, powerful instruments that allow trusted individuals to stand in your place to make important business decisions that would normally require your authorization.
The experienced Kalamazoo County estate planning lawyers at Veritas Law Group will help you create a workable financial plan for your family’s future. Contact Veritas Law Group online or call 269-270-3500 to schedule your free initial case evaluation today.
