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Your Family And Assets Are Worth Protecting

You take steps every day to protect your family, but have you planned for their future after you are gone? This is an important task that many people overlook.

At Standard & Berry, PLLC, in Grand Rapids, our estate planning attorneys can help you decide what estate planning instruments will meet your needs and protect your family and assets. There’s no need to worry about the future; we will assist you with a new or revised estate plan tailored to your family. Contact us today to learn more.

The Basic Components Of An Estate Plan

Wills: A key piece of an estate plan is a will. You can pass on assets, name guardians for minor children and more.

Trusts: There are many types of trusts to choose from. Our will and trusts attorneys will help you decide if you need a trust for your estate plan.

Powers of attorney: You can give your power of attorney to a trusted friend or family member to make decisions for you if you cannot make them yourself.

Health care directives/advance directives: Make your wishes known about end-of-life care.

Guardianship/conservatorship: Guardians care for a person’s health when they cannot do it themselves. Conservators handle a person’s property and financial matters if they are unable.

What Are The Benefits Of Having An Estate Plan?

Creating an estate plan is one of the most important steps you can take to protect your assets and provide for your loved ones after you pass away. An estate plan outlines how you want your property and assets to be distributed, names guardians for your minor children and provides instructions for your care if you become incapacitated.

Some of the key benefits of having a comprehensive estate plan in place include:

  • Avoiding probate: With a properly structured estate plan using tools like revocable living trusts, your assets may bypass any lengthy probate entirely and go directly to your beneficiaries upon your death.
  • Minimizing estate taxes: Depending on the size of your estate, certain estate planning tools like trusts, gifting strategies and tailored will provisions can help reduce or eliminate estate taxes, preserving more of your wealth for your beneficiaries.
  • Protects assets for your family: A well-curated estate plan can help the right people inherit your assets and personal belongings.
  • Provides for children and family members: If you have minor children, your will can allow you to nominate a legal guardian to care for them if something happens to you and your spouse.
  • Gives direction about your care: A complete and well-crafted estate plan acts as a legal instrument that outlines your preferences for medical care, life support, pain management and comfort care if you become incapacitated.

Since any legal process requires the intervention of a reputable estate plan lawyer, you are better off hiring one so that the entire process runs smoothly. We can help you take control of your future and ensure your wishes are respected by creating a personalized estate plan that meets all your legal needs.

When Do You Need An Estate Plan?

In Michigan, anyone with assets, like a house or car, or minor children should consider having an estate plan. It’s especially important for those with complex family situations.

Creating an estate plan provides clarity, protection and peace of mind regarding what happens to your assets and your loved ones in the future. It is one of the most important things you can do to plan for your family’s long-term security and care. An estate plan lawyer can guide you through the process and make certain your estate plan meets all your specific legal needs.

If you are an adult, you should have at least a basic estate plan outlining your final wishes and the distribution of your assets, even if they are modest. Have you experienced a major life event such as a marriage, divorce, a new child or a death in the family? It is critical to have an estate plan if you answered “yes” to any of those situations.

How We Can Help

Whether you need a new estate plan or you need to revise an existing one, you can rely on the Michigan estate planning lawyers at Standard & Berry, PLLC. We will listen to your concerns and create the plan you need. Call 616-622-3064 today or contact us online to get started.

We are willing to travel to meet clients as needed, for example, at the hospital or in a nursing home.