Michigan Estate Planning, Wills and Trusts, and Probate
Estate planning involves making decisions about what will happen to your assets and your dependents in the event of your death or incapacity. While no one likes thinking about their own mortality, making an effective estate plan provides peace of mind that your family will be protected in the future. At the Law Office of Alan Lowenthal, we are experienced in helping people craft comprehensive estate plans that address all aspects of our clients’ individual estates.
Setting Up Wills and Trusts
Wills and trusts are the principal tools of an effective estate plan. There are various types that can assist you in carrying out your wishes and protecting your loved ones including:
- Wills– Wills allow individuals to express their wishes for what will happen to their property after their death. Individuals can also make arrangements for the future care of their minor children and dependents in their wills.
- Living Trusts– Living trusts are established while the trustor is alive, and they can be set up to continue after a trustor’s death. Living trusts can be used to help beneficiaries avoid the sometimes lengthy and costly probate process. We also assist clients with revocable trusts.
- Special Needs Trusts– If you have a loved one with special needs who depends on you financially, you can continue to provide for that person after your death without interfering with SSI or Medicaid benefits with a special needs trust.
- Powers of Attorney– It is important to plan for your future should you become physically incapacitated or are unable to make crucial life decisions. A Power of Attorney for Healthcare and a Power of Attorney for Financial Matters are key documents to have in place.
At the Law Office of Alan Lowenthal, our attorneys can help customize an estate plan that meets your specific needs and the needs of your family. Our goal is to make the estate planning process as smooth and easy as possible while minimizing costs.
If you’re interested in creating an effective estate plan, contact us to schedule a free consultation to discuss your situation. From our office in Grosse Pointe, we serve clients throughout metropolitan Detroit.