Most people realize that they need to engage in some type of estate planning. The problem is knowing where to begin. The good news is that there are plenty of Estate Planning Attorneys in Ann Arbor MI who can help new clients get on the right road to arranging their estates and being prepared for whatever the future has to bring.
Starting With an Assessment – One of the first things that the Estate Planning Attorneys in Ann Arbor MI is help clients conduct an assessment of the elements that make up the estate. This is not just a laundry list of financial assets. The task also involves considering various belongings that should be passed on to certain loved ones or organizations that happen to be close to the heart of the client. By understanding what the current estate entails, it is easier to make plans for getting started with the planning.
Creating the Foundation – Many attorneys will start out by helping the clients prepare documents that serve as the basis for the estate. This will include documents such as a last will and testament, and powers of attorney that ensure the right decisions are made if the client is incapacitated. This phase will also include preparing documents related to trust funds that help to ensure certain loved ones get the benefits of specific assets once the client is no longer among the living.
Periodic Reviews – Since financial situations change over time, the attorney will also help the client keep the planning up to date. As new assets are acquired, they can be incorporated into the overall scheme. When there is the need to make changes to heirs or beneficiaries, the attorney can help. The ultimate goal is to make sure the estate is arranged in a manner that leaves no doubt regarding the wishes and intents of the client. For people who realize the need to get started with estate planning today, a call to the firm of Hermanowski Law makes a lot of sense. In no time at all, the evaluation can be completed and the actual work on structuring the estate can commence. The result is peace of mind for the client and the assurance that everything is addressed and in order.
