Protect Your Future Through Your Estate Plan
Estate planning is a smart step for every Michigan resident, regardless of income, wealth or the size of your estate. At Lucido & Manzella, P.C., we help individuals and families in the Detroit metro area craft estate plans that suit their needs and provide stability and security for the future.
An estate plan is a way for you to manage your assets, protect your loved ones and plan for issues such as a medical emergency. While this step is particularly urgent for older individuals, estate planning is prudent for individuals of all ages. Our lawyers have decades of combined estate planning experience, and we are committed to helping you put the right plans in place that meet your unique objectives.
The Elements Of A Strong Estate Plan
Your estate plan should uniquely suit your needs and allow you to accomplish your specific goals. Through a thorough evaluation of your case, we will identify the appropriate tools to include in your plan to ensure the fullest possible protection of your future interests. Some of these estate planning tools may include:
- Will: A will is the most basic step in estate planning. It outlines how to divide your property and wealth among your beneficiaries after your death. It can also outline your wishes for the care of any minor children in the event of your death.
- Trust: This tool allows you to set aside and protect assets for a specific use such as charitable giving or the care of a special needs loved one. There are various types of trusts available to you.
- Power of attorney: A power of attorney gives another person the legal right to act on your behalf in case of incapacitation. A general power of attorney pertains to your finances and affairs, and a health care power of attorney pertains to your medical needs.
Estate plans should change as your life circumstances change. After a divorce, remarriage, birth of a child, death of a beneficiary, purchase of a new home, diagnosis of a serious medical condition or other change, our attorneys can help you update your plans as appropriate for your new situation. We can also guide your beneficiaries through the Michigan probate process.
You Should Not Wait To Take This Important Step
There is great benefit in acting quickly to secure the estate planning help you need. It is impossible to predict the future, but with a strong plan in place, you can be confident that your interests are secure. Call our Clinton Township office at 586-842-0198 or complete the contact form to make your appointment for a free evaluation.