We do a wide variety of things to protect ourselves. We take precautions, make detailed plans, purchase insurance and even set up security systems. However, what about taking steps that also protect our loved ones at the same time. When it comes to your assets and property, it is important that these are passed on to the correct heirs and beneficiaries. Thus, wills and trusts are drafted to memorialize your wishes, ensuring that they occur at the time of your death.
Many individuals draft an estate plan with the idea that it will help them avoid probate. While it is possible to avoid the probate process, it is not something to be feared or avoided completely. At the Prince Law Firm, our experienced attorneys are well versed in the probate process. Thus, we are dedicated to helping Michigan residents understand the process as it relates to estate planning or the administration of the estate of a loved one.
Our skilled and knowledgeable attorneys are able to help clients at any and all phases of the probate process. Following the death of a loved one, it can be difficult to handle and address everything that has suddenly landed in your lap. Therefore, we are ready to provide assistance immediately. In the state of Michigan, the probate process tends to be unsupervised. This means that the process tends to be relatively inexpensive and flexible.
In the probate process, an administrator is appointed on behalf of the estate. Then, heirs are identified, assets are managed, debts are paid, income tax returns are filed, required documents with the probate court are filed and asserts are distributed in accordance with the terms of the will. While it can take several months to complete, our law firm can help ease this process.
To learn more, check out our law firms estate administration & probate website. We all hope for the best; however, when it comes to estate planning, we cannot just assume that everything will occur as planned. Thus, it is important that wills are carefully drafted, ensuring that they are enforceable. In addition, heirs dealing with issues regarding a loved ones' estate administration should take the time to understand their situation and how they can best navigate and resolve it.