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In the State of Michigan there are four important and very confusing things most people will never understand about estate creditor laws. This is why its important for anyone concerned about the said laws to contact us and seek legal help to avoid larger mistakes that could cost you.
Planning for your estate is a smart idea; if you do not make a plan for what will happen to your estate – another word for your assets and property – then the future of your estate will be uncertain. While Michigan law will still allow your estate to go to your closest relatives, who gets what will be out of your control.
In addition to making it clear how your assets will be distributed upon your death, estate planning also allows you to ensure that your loved ones are provided for, including a spouse, minor children, grandchildren, or disabled family members. An estate plan can also minimize the stress experienced by family members when you die, and avoid the tedious probate process. An estate plan that is well-devised can also minimize tax liabilities, too.
Do not put your future at risk; if you do not have an estate plan already, the time to create one is now. We can help – contact us today!