Whether you are married or single; whether you have adult or minor children or no children, having a comprehensive and well thought-out estate plan is the smart thing to do and is always in yours and your families' best interests. Most commonly, the minimum basic estate plan should include a will and/or a trust, durable power of attorney and patient advocate designation (health care power of attorney). The power of attorney and patient advocate designation can usually avoid the need for appointment of an adult guardian or conservator in the event of your incapacity.
An estate plan is particularly important in cases of a blended family with children from a prior marriage or relationship and may be drafted in conjunction with a Pre-Nuptial Agreement so as to avoid unintentionally disinheriting your children or other loved ones. Careful attention must also be paid to situations involving children or loved ones with special needs who may be entitled to receive Social Security Disability benefits, as well as seniors for Medicare and Medicaid eligibility planning along with military veterans who are entitled to VA Benefits. Careful planning is needed to avoid disruption of those benefits.
Whatever your unique situation presents, creating a comprehensive estate plan will provide you and your loved ones peace of mind that your affairs are in order.
Abraham | Law: Experienced and Exceptional Estate Planning Representation
Michigan Estate Planning Attorney Mathew J. Abraham and ABRAHAM | LAW have been providing effective legal representation to individuals and businesses for over twenty years. If you have questions about estate planning or probate issues, you should call ABRAHAM | LAW at 810-750-0440 or submit an online request to schedule an initial consultation.