Category Archives: Estate Planning Michigan

FAQ of Estate Planning

An Estate Plan can be made for everyone and anyone. To make sure your belongings are distributed the way you want them to be when you die, you need an Estate Plan.

Many people ask why someone may need an estate plan and who needs it the most?

Most common Frequently Asked Questions about Estate Planning:

If you are asking these questions, you should have an Estate Plan;

  • Who will receive your assets and that of, after your death?
  • Who will make health care decisions for you if you cannot?
  • Would you like any of your assets donated to charity?
  • Do you own out of state property?
  • Do you have children that are minors?

These are just a few aspects that tell you, you need an Estate Plan. If you do not have one, the judge will appoint someone to take care of your assets. Your assets have a high possibility they will not be distributed the way you would want them to be. If your heirs are not found in a certain period of time to claim your assets, they are given to the State of planning faq

An Estate plan assures the right people will get your assets after your death.

Can A Trust help prepare for Estate Planning?

Yes, a Living Trust helps you control your assets before and after your death. A living trust cannot go into probate court so that your trust is private for you and your family. Having a trust will help your family save time and money along with legal fees.

At Colton Probate Law, your local Probate Attorneys specializes in Probate, Estate Planning, Wills and Living Trust; everything you and your family need to be prepared to protect your assets the way you want them to be.

Contact your local Estate Planning Attorney today, check out our Estate Planning Questionnaire to get an idea of what information is needed to start an Estate Plan.

Michigan Wills and Estate Planning

Unfortunately, none of us live forever, and when we pass, we should make sure all our affairs are in order. Never leave your friends and family holding the bag with all your professional estate planning helpaffairs. You should contact Colton Probate Law to help with your estate planning in Michigan.


What To Consider In A Will

When preparing a will, there are some things you should consider, the first thing is to name a executor or personal representative. A representative will be responsible for making sure that your will is carried out as stated and that money and property is distributed as intended.

The next thing to consider for your will is to name the beneficiaries to receive certain properties. The will should clearly state who is to receive certain properties, real estate or money. Most of the time, beneficiaries are usually children or other family members, but it may also be charities, business partners or other organizations.

The final thing to consider for your will, is to specify alternate beneficiaries. In case the primary beneficiaries are no longer available, you should specify alternates for each important item.

Other will considerations to keep in mind are to specify how debts, taxes and expenses should be handled. Any special instructions for maintaining real estate and how to provide a caretaker for pets. These are just a few things to consider when planning your will in Michigan, for more detailed information contact Colton Probate at 248.324.0800.

Things To Consider When Estate Planning Michigan

Estate planning can feel like an overwhelming endeavor, but with the help of Colton Probate Law, we can make the process much less stressful. Some things you need to consider while estate planning are:

  • Determine the need for an Estate Plan – You need to assess your financial and current family situation and if you fall into a group that would need a Estate Plan.
  • Hire a Professional Estate Planning Lawyer – Trying to execute a Estate Plan of your own can be daunting, luckily Colton Probate Law excels in Estate Planning in Michigan, and can help you with your plan.
  • Foundational Estate Plan – The next step is to sit with your attorney and build your foundational Estate Plan.
  • Advanced Estate Planning – You may need to separate some estates from the foundational plan, you should seek your attorney’s advice on this step if it is required for your situation.
  • Maintain Your Estate Plan – Over time, properties change and you will need to update and maintain your estate plan as your situations change.

If you are looking to create Will or an Estate Plan, do not leave your affairs in disarray for your family when you pass, contact Colton Probate Law today to help you with your Will or Estate Planning in Michigan.



Estate Planning Michigan

Estate Planning Michigan

Looking for estate planning in Southfield, Michigan? You have come to the right place. Southfield estate planning Michael Colton at Colton Probate Law is your trusted Michigan estate planning attorney. He will work with you to create an estate plan that will ensure that your estate is distributed according to your wishes.

Your Michigan Estate Planning Attorney

Are you in Southfield? Don’t delay! Be prepared for the unexpected. Contact us today for a free estate planning Southfield consultation!

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Estate Planning Services in MI

Michael Colton is your qualified Michigan Probate Lawyer. At Colton Probate Law, we can lay out your estate plan for you. Our Michigan estate planning services have helped many Oakland County families properly plan. It is better to be over prepared than under prepared.

Contact Colton Probate Law today for your:Michigan Estate Planning Services


Trusts Aren’t Just For the Wealthy

Did you know that trusts are not just for the wealthy?

A trust is a legal document that manages your assets and property in Michigan. This document also ensures that  your assets are properly distributed according to your wishes. Successfully setting up a trust will lower your chances of your final wishes not being carried out.

Probate vocabulary that you should know:Probate Lawyer Colton

Trust: An arrangement that allows a trustee to hold assets on behalf of a beneficiary.

Grantor, Trustor, Settlor: The person who original owned the assets.

Trustee: The person or institution appointed to manage the assets of the Grantor for the benefit of a beneficiary.

Let Probate Lawyer Michael Colton assist you!