Making sure that your estate and all of your assets go to the parties that you want after your death is the main reason to develop an estate plan. Being able to employ an experienced Estate Lawyer in Ann Arbor MI will help iron out the details of your plan, which will give you peace of mind knowing that your family will be taken care of after your death. The following are a few benefits of developing a concrete estate plan with your estate lawyer.
The best reason for you to develop an estate plan with your estate lawyer in Ann Arbor MI, is so that your loved ones can avoid probate after your death. The probate process is a long and drawn out ordeal in which your family and lawyer have to prove the validity of your will. This process can tie up the assets of your estate for a long period of time, which in turn can hurt your family if they depend on your income. There are many examples of estates that end up being distributed against the wishes of the deceased individual due to improperly filed or constructed estate plans.
Reduction of Estate Taxes
Another great motivator for you to form an estate plan with your Estate Lawyer in Ann Arbor MI is the significant estate taxes that the government can charge after your death. Your lawyer can guide you through the process of setting up trusts so that you and your spouse can avoid or minimize estate taxes. This will also help the loved ones you leave behind because they will be able to inherit the full value of your estate.
If you find yourself in need of an experienced estate lawyer, call the professionals at Hermanowski Law. They use their years of experience to help you develop an estate plan that works for you. Call them today to (734) 887-6079 so they can assess the details of your case and give you an idea of how they can help you.
