Tag Archives: michigan power of attorney

Getting Affairs In Order Before Death and Probate Law

Before your done skydiving, traveling Europe and swimming with sharks, consider getting the more important things together before your time passes. No one wants to think about their death or what will happen after they die but it will give your loved ones and friends more understanding about your personal things so there is less to handle after your death and with in probate law, allowing you to leave with peace of mind.

 A few things you want to do to get your affairs in order before Probate Law:

1. Up to date Will: Make sure you have a will and it is up to date. If someone dies without a will, Michigan law has rules for what will happen with that persons property. This is called a person dies intestate, Probate courts in Michigan establish a probate estate where the probate court determines who will acts at the deceased representative and who will receive any assets that were left.

2. You want to appoint someone to manage your affairs, Power of Attorney: If you become sick and unable to take care of yourself or if something were you happen to you someone has to be responsible to pay your bills, deposit your money and manage your financial affairs.

3. Name a guardian: If you have children that are dependent you need to appoint a guardian to take care of them if you are not able to or pass away. Note: If you have a disabled child, find a specialist who knows the laws and benefits under Medicare and Medicaid and can coordinate asset planning. If everything is left to a disabled child they will not be able eligible for aid. Also known as special-needs planning.

Some people write a will to avoid probate laws but probate court has been simplified and Micheal Colton Probate Law attorneys in Farmington MI cater to Oakland County residents and are here to help you and your family with their probate planning. Contact Our Law Office today to talk to our probate planning attorneys and specialists to receive a no-obligation consultation about: Estate Planning, Probate Court, Probate Law, Wills and Trusts, Living Wills, Michigan law, Power of Attorneys.

What You Should Know: Durable Power of Attorney

Understanding power of attorney, can be a difficult task for some, but we are here to help! Many times elderly residents, or those who have become severely ill will stress about how they are going to handle their finances, or if they are physically and mentally stable enough to do so on their own. This is where Durable Power of Attorney comes in.

When selecting someone to be your Power of Attorney, ensuring that you trust them to make financial or responsible decisions on your behalf is extremely important. Once a person is legally deemed to be your Power of Attorney, they will be able to access personal files, such as bank accounts, medical records, and sign documents on your behalf.

Although you are giving a person, whether a trusted friend, or a family member control of your important accounts, it is still a good idea to stay involved to the best of your ability. If you want, and are able to sit and go over finances or documents before they are signed, it can relieve you of questions you may have about your standings.

The most important thing to ask yourself when selecting a Power of Attorney is “Do I trust this person?” If you do not trust a person, making them your Power of Attorney can cause struggles or problems down the line.

Colton Probate Law, located in Farmington Hills, Michigan,  can help you through questions or concerns you may have with Durable Power of Attorney. Call today to schedule your free consultation. 248-324-0800.