Estate Planning Tips for Seniors and their FamiliesMonday, August 27, 2018
If you are an adult living in Michigan, it is never too early to start estate planning, but, chances are, it is not too late either. Often, Michigan seniors believe that estate planning is only for the wealthy, but that is far from true. You have worked hard for your assets, and your voice matters when it comes to how these assets are protected if you become incapacitated – and how they are divided upon your departure. The caring and accredited elder law attorneys at Woods Law Office can guide you through the estate planning process. We can expertly answer your questions and address your family’s concerns while thoroughly discussing your options.
How Woods Law Office Makes Estate Planning Easier
Much of estate planning involves important decisions about assets legally binding documents. However, there are emotional factors to consider as well. At Woods Law Office, we specialize in the sensitive issues surrounding Michigan elder law. So, we truly listen to our clients and patiently address their unique needs and situations.
If you are just getting started with elder estate planning, here are a few important steps to cover.
1 – Get the right legal representation.
Trust a reputable and caring attorney from Woods Law Office. We have experienced Attorneys when it comes to asset protection for seniors.
2 – Discuss your plans with family members.
We know that talking about estate planning often involves difficult conversations. However, if you are clear about your intentions, your family should respect your wishes. Also, with the right communication, there will not be any unpleasant surprises down the road.
3 – Check and update your plan at least once a year.
Situations change, so you should develop a long-term relationship with your attorney. It is important to check your will and other documents from time to time to verify that they are accurate and up-to-date.
4 – Remember that estate planning is about more than just your assets.
While making plans for your estate, consider your own well-being. For example, who will serve as your primary caregiver if you become either physically or mentally incapacitated? Who will manage your bills and household and make medical decisions on your behalf? Woods Law Office can help you with long term planning and power of attorney issues.
Contact Woods Elder Law for Elder Estate Planning, Asset Protection, Michigan Medicaid Eligibility Issues, and More
The attorneys at Woods Law Office are experts in elder law. Call us now at (586) 532-8970 for estate planning and elder law answers. You can also reach out to us through the contact form on our website.