Estate Planning Attorney
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Protect Your Possessions With Estate Planning
You live in an apartment filled with electronics and sporting equipment. You have a home, cars, and young children to support. You have adult children from a first marriage and a second marriage.
These are just some of the scenarios that need estate planning from OWL Legal Services P.L.C. An estate is what you own at the time of your death. Estate planning sets forth in legal documents the way you want that property to be distributed after you die.
Every Responsible Adult Needs an Estate Plan
It doesn’t matter whether you are still attending college or getting ready to retire. You may be living paycheck-to-paycheck, independently wealthy, living a single life, or celebrating a milestone wedding anniversary.
You need an estate plan if you:
- Own property
- Are married
- Are divorced
- Are widowed
- Have minor children
- Have no living dependents
- Have children from multiple marriages
To put it simply, every adult needs an estate plan.
Distribute Your Property According to Your Wishes
Dying intestate means dying without a will. If you have not established where you want your assets to go, Michigan intestate law makes that decision for you. Through the rules of succession established by intestate law, your property is divided based on whether you have living parents, dependents (children, grandchildren, and great-grandchildren), and a spouse.
If you have no dependents or living parents, your spouse inherits 100% of your intestate property. If you have living parents or dependents, your assets will be divided between your spouse, parents, and dependents.
If you have no spouse, children or parents, your property will be divided between your surviving brothers and sisters.
We'll Prepare a Customized Estate Plan
- Last will and testament
- Living trust (revocable)
- Financial power of attorney
- Medical power of attorney
- Patient advocate designation
If you already have a will and trust, it may need to be updated. A will does not expire, but they become updated as children grow or assets change. If you get divorced and haven’t changed your will and trust, your ex-spouse could inherit more than your children. Maybe you are newly married, but your assets are designated to go to your parents. Changes in your life require wills and trust to be updated.
FREE Estate Consultation
We'll handle all your estate planning and administration needs. We always provide free consultations on estate and probate matters. The attorney you meet who will handle your case. We will discuss your estate needs and answer any questions you have. Your attorney will prepare all paperwork necessary for the establishment of your estate. Contact us for a FREE estate consultation.
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OWL Legal Services P.L.C.
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