Estate planning is as important today as it was in the past. Creating an estate plan has always been a rewarding task, as you can rest assured knowing that your assets will be handled in a manner that you approve of in case you become incapacitated or die. However, many people have had awful estate planning experiences in the past for the simple reasons of working with the wrong lawyer and being misinformed. Luckily, The Leydorf Law Firm, PLLC, has brought a fresh breath of air in estate planning, allowing clients to create comprehensive estate plans and avoid costly mistakes.
In the past, people would create estate plans and fail to update them to reflect changing financial situations, family dynamics, new tax laws, deaths in a family, among many other dynamics. This is something that often led to loss of property to the Michigan Department of Treasury Department of Unclaimed Property, unending family disputes, big tax burdens, and many other costly consequences. At The Leydorf Law Firm, PLLC, we understand what could go wrong when you don’t create an estate plan as well as the long-term effects of not updating your estate plan.