A trust protects assets in a family or other kind of trust and avoids probate by passing assets directly to beneficiaries. Trusts can be irrevocable or changeable depending upon individual needs. If you have any questions regarding wills, contact Michael Mishic PC today. We can get you set up for an appointment with Mike where you will discuss anything and everything related to drafting a will.
Mike Mishic is your local attorney practicing in Midland, Michigan. Mike focuses his practice on estate planning and estate administration. We can develop simple and complex estate plans comprised of wills, trusts, durable powers of attorney, health care powers of attorney, guardianships and conservatorships.
Mike Mishic is your local attorney practicing in Midland, Michigan. Mike focuses his practice on estate planning and estate administration. We can develop simple and complex estate plans comprised of wills, trusts, durable powers of attorney, health care powers of attorney, guardianships and conservatorships.
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The most common Trust is a "living trust". The Trust protects assets in a family or other kind of trust and avoids probate by passing assets directly to beneficiaries. Trusts can be irrevocable or changeable depending upon individual needs. The Family Trust is an example of a living trust. This trust is designed for you to fund or place assets in the trust at any time.
Estate planning can be quite a process and include many legal strategies such as wills, trusts, durable powers of attorney, health care powers of attorney, and more. Having a properly drafted estate plan is important to ensure your estate is distributed exactly as you wish after death. Mike can help you make important decisions and provide you with answers and information that will help you draft your estate plan exactly as you wish.
Your Last Will and Testament directs your personal representative to distribute your real estate and personal property after your death as specified in the Will. Michigan law allows you to attach a list of personal property you want gifted to specific individuals. A Will also allows you to designate a guardian and conservator for your children should their parents be deceased.
With a General Durable Power of Attorney your family will avoid the delay and costs associated with requesting the Probate Court to appoint a Conservator - possibly a stranger - to make financial decisions for you. This document appoints and empowers an agent to act on your behalf with respect to your financial and business affairs in the event you are unable to do so because of disability or mere unavailability.
Last Will and Testament: This document distributes your probate assets to your named beneficiaries, designates guardians for your children and appoints an personal representative to follow your wishes after your death.
Durable Power of Attorney For Financial Affairs: This document allows you to appoint someone to manage all of your financial affairs during your life, including the sale of assets, managing your banking and checking accounts, paying your expenses and all other financial affairs.A Durable Power of Attorney is crucial for avoiding the expense and hassle of appointing a conservator through the Probate Court in case a person becomes incompetent.
Durable Power of Attorney For Financial Affairs: This document allows you to appoint someone to manage all of your financial affairs during your life, including the sale of assets, managing your banking and checking accounts, paying your expenses and all other financial affairs.A Durable Power of Attorney is crucial for avoiding the expense and hassle of appointing a conservator through the Probate Court in case a person becomes incompetent.
Reviews (1)
Sean B.
Oct 20, 2018
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Experienced family law lawyer specializing in Wills, trusts, and divorce. Very willing to go the extra mile and do what is necessary. Knowledgeable and personable, Mike works with you to give you what you need, and has a great command of the law.
Very pricey, (but what lawyer isn't?) You get the professionalism and ability you pay for.
Highest recommendation I can give.
5/5* +
Very pricey, (but what lawyer isn't?) You get the professionalism and ability you pay for.
Highest recommendation I can give.
5/5* +
