Estate Planning

Creating an estate plan can give you peace of mind that your children and assets will be taken care of according to your wishes. Contact our trusted Michigan & Georgia estate planning attorney team.

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Michigan & Georgia Estate Planning Attorney | The TGQ Law Firm

Estate planning is the process of dictating your wishes for your children, healthcare, and assets should you become incapacitated or pass away. While no one likes to think about what will happen after they die, creating an estate plan can give you peace of mind that these important matters will be taken care of according to your wishes.

At The TGQ Law Firm, we make estate planning a seamless, stress-free process. As a trusted Michigan & Georgia estate planning attorney team, we can walk you through every step of creating a thorough estate plan that clearly defines your desires and goals.

Why It Is Important to Have an Estate Plan

Creating an estate plan is an important step in making your wishes for essential matters known when you can no longer dictate them yourself. Your estate plan can address three primary issues:

Guardianship: What will happen to your minor children if you can no longer care for them
Healthcare and life support: Who should make decisions about your healthcare should you become incapacitated
Wills and trusts: What will happen to your possessions, assets, and property after you pass away

Without an estate plan, the court would make decisions about these important matters for you, which can lead to an emotional experience for the family members and friends you left behind.

Unfortunately, you never know when the end of your life will come. However, establishing a detailed estate plan now can ensure your wishes come to fruition after your death.

Who We Help

Single Parents

Blended Families

Special Needs

Retirees

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How The TGQ Law Firm Can Help You With Your Estate Planning Needs

At The TGQ Law Firm, we have spent over a decade assisting clients throughout Michigan with estate planning matters. Our attorneys know Michigan’s estate laws, and we strive to put this knowledge to good use to educate clients about the importance of estate planning.

Our team can assist your estate planning process in several ways, such as:

Explain what information to include in your estate plan
Help you understand which documents to create for your estate plan
Draft legal documents that dictate your wishes for your estate
Ensure that your will, trusts, and POA documents contain the proper legal language to hold up in court
Help you update your estate plan as needed to reflect your current circumstances

Working with our estate planning attorney in Ann Arbor, MI, can give you peace of mind about the future.

The Different Types of Estate Planning Documents

Estate plans can consist of several legal documents that specify your wishes for the end of your life. However, the three main documents you may include in your estate plan are the following:

Will: A document establishing your wishes for the distribution of your property and the care of your minor children
Trust agreement: A document establishing a fiduciary arrangement that allows a third party to hold assets on behalf of a beneficiary
Power of attorney: A document giving another person power to make decisions on your behalf

Creating these documents with the assistance of a Michigan & Georgia estate planning attorney is essential to ensure they hold up in court and accurately reflect your desires.

FAQ for Estate Planning

What are the 7 steps in the estate planning process?

The estate planning process typically involves inventorying assets, defining family needs, establishing directives, choosing beneficiaries, drafting wills or trusts, protecting wealth from probate, and updating documents regularly.

What’s the difference between a will and estate planning?

A will is a single legal document that dictates asset distribution after death. Estate planning is a broader comprehensive strategy that includes a will, but also incorporates trusts, healthcare directives, and power of attorney to protect assets while alive.

What is the 5 and 5 rule in estate planning?

The 5 and 5 rule allows a trust beneficiary to withdraw up to $5,000 or 5% of the trust’s principal annually, providing financial flexibility without creating adverse tax consequences or causing the remaining funds to be counted as part of their personal estate.

What are the 5 documents you need in your estate plan?

A comprehensive estate plan typically includes a Last Will and Testament, a Revocable Living Trust, a Financial Power of Attorney, a Healthcare Power of Attorney (Advance Directive), and a Living Will.

What is the most common inheritance mistake?

The most common mistake is failing to update beneficiary designations on bank accounts and life insurance policies, which can override instructions in a will and force assets into probate court.

Request a Consultation | The TGQ Law Firm | Michigan & Georgia Estate Planning Attorney

The best time to create an estate plan is as soon as you turn 18. The second best time is now.

At The TGQ Law Firm, we offer professional estate planning services for families and seniors. We would be happy to help you create an estate plan and update it as needed to reflect your ever-changing needs.

Contact us today at 734-707-3232, or fill out our online form, to schedule your 15-minute no-cost consultation.

Call Today: (734) 707-3232