It is astounding how many adults in the U.S. have not drafted a will or developed other basic components of an estate plan. A recent Forbes report states that more than 50 percent of Americans aged 55 to 64 have not drafted a will. More than six in 10 (62 percent) Americans aged 45 to 54 have not drafted a will.
If you have loved ones in your life and assets that you wish to pass to them upon your death, you should have a will. It’s also important to develop powers of attorney for health care and financial matters in case you become incapacitated or otherwise incapable to make those decisions for yourself.
We Provide Peace Of Mind With Comprehensive Estate Plans
Kline Legal Group, P.L.C., in Ann Arbor, develops comprehensive estate plans for individuals throughout Washtenaw County and surrounding Michigan counties. We tailor our estate plans to meet the unique needs of each client.
Life changes should be reflected in your estate plan. If you have an existing estate plan that has not been reviewed in five years or more, we will review it with you to make sure it still achieves your goals. Call 734-249-6100.
In some cases, it makes sense to develop a living trust or use other estate planning strategies to avoid probate, minimize taxes or accomplish any number of specific goals. In other cases, a basic estate plan that includes a will, durable power of attorney for financial affairs and a health care proxy is sufficient. We have the knowledge and experience to develop estate plans ranging from simple to complex. We help clients with:
- Power of attorney for financial affairs
- Power of attorney for health care decisions (sometimes called a “living will”)
- Estate administration and litigation
Estate Plans Are Not Just For The Extremely Wealthy
It is a common misconception that estate plans are solely for those who have substantial assets. If you die without a will, it is known as dying intestate. Michigan rules of intestate succession will determine who receives what, and this may not adhere to your wishes.
We make creating an estate plan a painless process that can often be accomplished in one or two brief office visits. Many of our clients are surprised not only at how efficient we make the process, but also the strong sense of security they feel once their estate plan is in place.