Michigan Estate Planning
The majority of Michigan adults don't have a last will and testament—or any estate planning documents. Many people think that estate planning is just for the rich or the elderly. But everyone can benefit from some basic estate planning tools. Talk to an estate planning attorney today to learn how you can take more control over your legal, medical and financial future.
Four Things to Know About Estate Planning
It's a fact: People procrastinate when it comes to estate planning. Many mistakenly believe that estate planning only deals with what happens after they die. But that's not the case. Here are four important things to know about estate planning:
- Estate planning allows you to appoint someone to make medical decisions on your behalf if you're incapacitated. A healthcare power of attorney lets you name a healthcare surrogate who can discuss your medical conditions and treatment with doctors and discuss your care with insurers.
- You can also appoint an attorney in fact to take certain legal and financial actions on your behalf while you're alive. The power of attorney document comes in several forms, and can be beneficial if you're unable to sign legal contracts in person or want to authorize someone to have access to your financial accounts.
- A living will is an estate planning document that allows you to describe your end-of-life wishes, including whether you'd like medical professionals to take steps to keep you alive and how much pain treatment you wish to receive.
- If you have already created a last will and testament, power of attorney, living will or healthcare power of attorney, you'll want to review them on an annual basis and update them as necessary. Updates may be necessary if you move out of Michigan, if federal or Michigan estate tax laws change, or if you'd like to designate a new executor, healthcare surrogate or attorney in fact.
Find & Hire Local Michigan Estate Planning Attorneys
Whether you live in Detroit, Grand Rapids or elsewhere in Michigan, Attorneys.com offers a free service that can help you locate estate planning lawyers and probate attorneys in your area. Call us today at 877-913-7222 or complete the form on this page to get matched with a local lawyer.