Grand Rapids, Michigan, Estate Planning Lawyers
Estate planning offers benefits to people of all ages. It can preserve your assets, protect your children, and give you the peace of mind of knowing that your wishes will be carried out if you die or are incapacitated. At the law firm of Worsfold Macfarlane McDonald in Grand Rapids, our lawyers provide a free initial consultation to discuss what estate planning can do for you.
Many people become interested in estate planning when they have children. By creating a last will and testament (or a trust including a will), you designate a guardian for your minor children if you and your spouse should die in a common accident. While you communicate your desires to family members, it will not be legally binding unless you name a guardian in your will.
As people accumulate assets such as property, they become more interested in preserving those assets. The probate process can be a lengthy and expensive process for your beneficiaries, and you can avoid it by placing assets in a trust.
Most people go through a period of incapacity prior to death. This can be a difficult period for family members if you have not communicated what steps, if any, you want taken to prolong your life. The Michigan Patient Advocate Designation allows you to create a living will to communicate your wishes to health care providers and family members and avoid a Terri Schiavo situation.
Finally, a financial power of attorney can allow you to name someone to take care of your financial affairs if you are unable to do so. If you do not designate a power of attorney, your family members would need to go through a difficult and expensive guardianship process just to do something as simple as pay your bills.
A discussion with an estate planning lawyer now can give you peace of mind and save your family members thousands of dollars later.
Free Attorney Consultation
To discuss your estate planning needs with a lawyer at Worsfold Macfarlane McDonald, call 616-977-9200 or fill out the contact form on this site. From our office in Grand Rapids, we represent clients throughout Michigan.