Estate Planning In Royal Oak, Michigan

Find the right Estate Planning attorney in Royal Oak, MI

Estate planning in Royal Oak, Michigan is simply the act of deciding what you want to happen to your assets after your death. It typically entails making plans about funeral arrangements, as well as plans for end of life care.

The creation of a will (the document laying out what is to be done with your property after your death) is an essential element of an estate plan, but it is typically not the only element. There are many other important things that most estate plans should include.

In addition to a well-drafted will, a comprehensive estate plan should include things like a living will (healthcare directives made in advance, in case you become incapacitated and unable to make or express such decisions), funeral instructions, and instructions relating to organ donations.

For anyone who has children who are still minors, it is very important to make arrangements for their custody and care, just in case the unthinkable happens. You should think of a family member or very close friend who you know would be willing and able to take care of your children, and designate them as the person who would take custody. Of course, it's important to discuss this matter with that person before you truly do it.

What Type of Estate Plan Do I Need in Royal Oak, Michigan?

Obviously, this depends on your needs, which you will have to figure out for yourself. Some general considerations in making this decision, however, are your health, age, and the amount of assets involved.

Unmarried young adults usually don't think much about estate planning. In most cases, this is fine. Unless you are extremely sick or have an unusually large amount of assets, estate planning is not something to really worry about at this point in your life.

If you have a life partner in Royal Oak, Michigan, but aren't married to him or her, estate planning is necessary. If you want your partner to have most of the same rights and responsibilities as a spouse, it's typically possible with good estate planning. You should grant your partner power of attorney, so they can make arrangements for you in case you become incapacitated. Moreover, you should name your partner as a beneficiary in your will, because, unlike a spouse, a life partner will not automatically inherit your property if you die without a will.

If you are very old, and have a substantial estate in Royal Oak, Michigan, you should definitely come up with an estate plan if you haven't already. Admittedly, this includes confronting some unpleasant and morbid subjects, but it is still very important. Estate planning is essential if you care at all what happens to your property, and, more importantly, your loved ones, after you die.

Do I Need a Royal Oak, Michigan Estate Planning Attorney?

Estate planning in Royal Oak, Michigan is not always complicated, but it certainly can be. In moderately-sized to large estates, with a substantial number of potential beneficiaries, it is crucial to have the assistance of an estate planning professional.

Talk to a Wills, Trusts and Estates Law Attorney now!

Life in Royal Oak

Royal Oak is a city in Oakland County, Michigan. It has a population of about 60,000 individuals, and is considered a suburb of Detroit.

Royal Oak was incorporated as a village in 1891, but its human history dates back thousands of years - the area now known as Royal Oak was inhabited by indigenous peoples millennia before the arrival of European settlers. The name of Royal Oak dates back to 1819, when an early settler to the region saw an oak tree which reminded him of the "Royal Oak" - an oak tree in which King Charles II hid to evade enemy forces during a battle in 1651.

The downtown area of Royal Oak features a variety of entertainment options, including bars, restaurants, music venues, comedy clubs,and nightclubs. Royal Oak appears to have avoided the worst of the economic hardship that the Detroit area has experienced over the past few decades, with only 4.3% of the population living below the poverty line - much lower than the national average. It also has a verylow rate of violent crime, and an average rate of property crime, which is much better than many of its neighbors.

Thanks to its diversity and relative prosperity, Royal Oak, Michigan has a thriving legal community, with attorneys who should be able to solve just about any legal problem a person might have. If you need any form of legal assistance, a Royal Oak, Michigan lawyer is who you should contact.

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