When most people think of estate planning they think of wills and trusts. They are often frequently misinformed and believe that because they do not have substantial assets, they do not need to plan for the disposition of their property after death. This often leads to unfulfilled wishes as the estate goes through intestate procedures in the courts.
However, estate planning goes beyond basic material concerns. It addresses how items are handled when you are incapacitated and dictates the care of any minor children should something happen to you. If you run a small business, your estate plan will involve steps to help that enterprise run smoothly during your incapacity or after your death so your loved ones still receive needed support. These are frequently issues where you want control as relying on the state to make these decisions can put your dependents in a precarious situation.
The Law Office of John Little, PLLC can put these processes in place so your loved ones do not face additional challenges in addition to their grief after losing you. As a full-service law firm, we can draft a will, create powers of attorneys, and provide probate services for your family so your will is enforced.
We assess these matters on a case-by-case basis. However, the estate plans we create can include any of the following:
- Last Will and Testament
- Testamentary Trust
- Revocable Living Trusts
- General Durable Power of Attorney
- Durable Power of Attorney for Health Care, including a DNR (Do Not Resuscitate) order
These basic documents are a good start to any estate plan. Many clients find this is all they need. However, if additional more advanced estate planning is necessary (like Medicare or Special Needs Trusts), we will be happy to review those options with you in more detail.
At the Law Office of John Little, PLLC we offer estate planning in Royal Oak, MI and Berkley, Southfield, Birmingham, Detroit, and the rest Southeast Michigan. Whether you require a basic plan or something more advanced, we are here for you. Contact us today to schedule a consultation.