Knowledgeable Advocacy For Estate Planning And Taxation Law

Answering Your Estate Planning FAQ

At Zadvinskis Law, we understand that taking control of your future through careful estate planning is crucial for every individual, regardless of age or wealth. Our goal is to provide you with the insights and guidance necessary to ensure that your wishes are honored and your legacy protected.

Whether you’re a young adult just starting out, or someone with a complex asset portfolio, our experienced attorneys are here to help guide you through the process of creating an effective estate plan tailored to your unique needs and stages in life.

Read on as we address common queries about wills, trusts, advance health care directives, and more, helping you make informed decisions for yourself and your loved ones.

What happens to individuals who die without a will in Michigan?

If you die without a will in Michigan, your estate will be handled by the probate courts and distributed according to state law. This may not align with your wishes for your assets and legacy.

Why is it important to update an estate plan?

Updating your estate plan is crucial to ensure it reflects your current circumstances and wishes. Changes in your family structure, financial status, or health can significantly impact your estate plan.

How frequently should I revise my estate plan?

There is no one-size-fits-all answer to this question. However, it’s generally recommended to review and update your estate plan every three to five years. We also suggest you update your estate planning documents whenever you experience a major life event, such as marriage, divorce, birth of a child, purchase new real estate or other significant change in your financial situation.

If I don’t have children, why is it important to have an estate plan?

Even if you don’t have children, an estate plan is important to ensure your possessions, assets and property are distributed according to your wishes after your death. Without appropriate legal instructions in place, the state will decide how to settle your estate, which may not follow your wishes.

In addition to trusts and a will, an estate plan can include advance health care directives, ensuring you receive the medical care you want and need if you become unable to communicate your decisions.

Do You Have Other Questions? Contact Us To Get Answers.

Connect with our Grand Rapids legal team online or over the phone at 888-354-9814. We offer free 30-minute consultations, so you have nothing to lose by speaking with a knowledgeable lawyer at our firm.