Do You Need a Will or Trust?
Choosing to create a will or set up trusts depends on your unique goals. I will strive to understand exactly what you hope to achieve as you build your estate plan. Once he gets to know your needs, he will guide you through the process and help you create a tailor-made road map for the future of your assets. When it comes to determining if a will or a trust is right for you, it’s important to understand several key differences between these two documents:
- Privacy: A will is a public document, while a trust is private and not accessible through probate court.
- Distribution: A trust can restrict the dates of the distribution of assets, since it may not be a good idea to give an 18-year-old a large amount of money, which could happen with a will.
- Probate court: Willed assets of the deceased often require a probate court filing, however, trust assets do not.
- Minor children: A will, unlike a trust, can state your preference for the proper guardian for your minor children.
While determining whether a will or a trust is right for your circumstances, it’s important to discuss other matters as well, like patient advocate designation and power of attorney.
Consider Designating a Patient Advocate
In the state of Michigan, you can choose a person to make decisions regarding your care, custody, and medical treatment on your behalf if you become incapable of doing so. This person becomes your designated patient advocate. Completing this legal document can give you peace of mind that, should you lose the ability to advocate for your well-being, someone you trust will have the right to speak for you.
The Importance of Power of Attorney
Attorney Gary Tibble can also provide legal guidance regarding your selection of a power of attorney. By appointing a family member or trusted individual to make vital medical and financial decisions on your behalf, you can seek to avoid a costly and lengthy probate court process.
Don’t Navigate Probate Alone
I aim to create a smoother probate process for my clients by helping them build comprehensive estate plans in advance. However, if you find yourself facing this complex process with very little guidance from a loved one’s wills, trusts, or other legal documents, let us help you get through probate with as few frustrations as possible. You deserve to be able to focus on grieving and moving forward during this difficult time. I will strive to take the weight off your shoulders and provide the experienced, compassionate representation you need.
Get Started Today in Kalamazoo
Don’t wait to gain peace of mind that your assets will be distributed according to your wishes once you’ve passed. Allow me to put my decades of experience in estate planning and probate to work for you. I assist individuals in Kalamazoo, Portage, Battle Creek, Plainwell, Vicksburg, and throughout Southwest Michigan.