Category Archives: Estate Planning Michigan

Estate Planning- Farmington Hills, MI

Are you a Farmington Hills, MI resident thinking that you don’t need estate planning because the value of your estate is not big enough to cause estate taxation? Well, you are wrong! There is more than just writing a will when it comes to estate planning. Organizing your assets can cause fewer arguments with your loved ones and avoid a bulk of your estate from going to the government later on. Estate planning is the development of arranging and preparing for the dispensation of an estate during your life.

Estate planning eliminates confusion over the administration of probate, and expands the worth of the estate by cutting down taxes and other expenses. It involves wills, trusts, powers of appointment, beneficiary designations, property ownership and more. Parents/guardians are often designated for minor children and beneficiaries in incapacity.

Everyone has an estate; even a young child. If you own something of value and would like to pass it on after your departure, you have an estate. A good plan will maintain and boost the financial security of human beings and their families.

Located in Farmington Hills, Michigan, Attorney Michael Colton will help you with your estate planning needs. He can help give you guidance with any questions you may have regarding estate planning. Call 248-324-0800 today for more information of a free consultation.

Attorney Michael Colton reviews

Would you like someone to review your situation and help determine if it is the right time to create your Will? Or have you had a bad experience with probate not being properly handled? Either way, if you need help or believe that something was not handled correctly, Attorney Michael Colton of Farmington Hills Michigan can address any concern you may have.

For many, writing a will is a very troubling time. You may wonder when the time comes, if everything will be settled properly. Don’t wait to take away that worry and weight off your shoulders! When Probate Attorney Michael Colton reviews your existing Will or helps you with your estate planning, you will have that peace of mind you need.

What You Should Know About Estate Planning

IF you found this article then there are some things you already know about estate planning and probably a few that you don’t. A Michigan resident may have additional or different considerations than someone who is a resident of another state. Estate planning is the process of anticipating and arranging for the disposal of property after the owner dies. There is more to learn about estate planning than just simply having a will. It’s an ongoing planning process done to relieve the financial impact of your mortality on those who you left behind. A thorough estate plan may not only reduce the account of charges, but could also help your loved ones understand, resolve and prepare for many of the issues that arise when settling an estate in Michigan.

When arranging an estate plan there are a few things to keep into consideration. Some goals of your estate plan should include: avoiding distraction when it comes down to your final wishes, secure that your children have the guardian of your selection, defend your loved ones by making sure they will receive your assets, scale down collisions among your family members, and making sure you have flexibility before you die.

If you were to die without an estate plan (that includes a will), you would be considered a dead intestate. The state where you lived (in our case Michigan), would determine who got all of your assets. This could mean that some of the people you loved were left out of the distribution and if there is no one who fits the criteria, the government keeps all of your assets. Anyone who has possession of property should perform estate planning for those properties.

The question really isn’t who needs estate planning? What it actually is, is how simple or confound does the estate planning really need to be? Every answer will vary. It will depend on your particular financial, marital and family situation. Please visit our FAQ page for more answers to your questions. If you live in Michigan then contact Michael Colton probate and estate planning specialists.

Estate Planning Lawyer Michigan

Many people are not sure when they should seek the advice of an Estate Planning Lawyer in Michigan. If you own your own property, have recently been married or divorced, have children, or want to leave something to a friend or relative, now is the time for an Estate Planning Lawyer Michigan. Our estate planning lawyers will make sure that your property is distributed according to your wishes.

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Estate Planning Attorney Michigan

Are you in need a an Estate Planning Lawyer, Law attorney serving Michigan, Farmington, Farmington Hills, Oak Park, Southfield Michigan?

Allow Michael Colton Probate Law to answer your questions and concerns. We can assist you in your Estate Planning Question throughout Michigan and the following areas:

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Please Call 248-324-0800 today or use our easy Online Contact Form for a free consultation to get the information you need to make an effective decision concerning your estate planning.