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.
First, I would like to take you through the common mistakes that people make when creating an estate plan.
This is a common mistake that a majority of American adults make. Once they create an estate plan, most people will stick it in a drawer and forget about it. With the dynamics of life, major life changes such as births, deaths, property acquisitions, and divorce necessitate periodic updating of an estate plan to incorporate any new changes. Many things could go wrong when you don’t update your estate plan to reflect new changes. For instance, your children’s access to your estate and finances may be obstructed. Your heirs may be entangled in unending court processes after your death. It’s in your best to review your estate plan whenever there’s a major change in your life such as change of location, death of a spouse, birth of children, marriage, and changes in financial situation. Be sure to work with a lawyer from a reputable law firm when reviewing your estate plan to avoid blunders.
An estate plan ought to be updated accordingly to ensure it’s valid to avoid disputes during the settlement process. A reliable lawyer is supposed to advise you on how to maintain a valid and current estate plan and keep you updated with the latest changes that could affect your will or living trust such as tax law changes. When you work with an unreliable lawyer, there will be poor communication and poor recording keeping, which will lead to a bungled estate plan.
There are many people out there who’ve caused their loved ones grief because of failing to update their estate plan accordingly. This is something that could happen to you if you do not work with a professional lawyer. That is why Leydorf Law Firm, PLLC works with you to ensure you have a valid and current estate plan.
At Leydorf Law Firms, PLLC, we’ve built our reputation on working professionally with growing families in the Lansing area and all over Michigan to help them create the best estate plans. We’ve made the process of estate planning easy, convenient, and easy for growing families. At Leydorf Law Firm, PLLC, we understand that you’re busy raising a family and building a legacy for your family. You can count on us to provide answers to your concerns and guide you through the whole process, giving you the much-needed peace of mind. When you work with us, you can rest assured that we’ll help you make the best decisions for your family and that your estate plan will make everything easy when the time for settlement comes. When it comes to your guardianship choices as to who will take care of your minor children after your death, we’ll ensure the estate plan reflects your choices. Also, we’ll ensure you make the right choices regarding the management of what you leave behind.
At Leydorf Law Firm, PLLC, we’ll provide you with a professional family lawyer who will help you through the whole process to eliminate any conflict that could arise later on and give you the knowledge you need to create a plan other than the default plan that the State of Michigan has for you in the Estates and Protected Individuals Code (commonly referred to as EPIC).
At Leydorf Law Firm, PLLC, we understand that poor communication between clients and lawyers is a major cause of costly mistakes that people make while planning their estate. Therefore, we have eliminated time restrictions to encourage communication with our clients. You do not have to worry about hidden fees or costly bills as we charge our clients on a flat-fee basis agreed to in advance.
We’ve put in place a responsive customer support team to ensure your questions and concerns are addressed promptly. And if you need a more in-depth consultation, we’ll schedule a convenient call so that we save you time and have your concerns addressed. Our team will ensure your estate plan is implemented fully, and your assets are managed properly to prevent court battles and loss of your property to the state.
At Leydorf Law Firm, PLLC, we have tailored membership programs that you can take advantage of to keep your estate plan updated and have access to a pool of legal experts who’ll guide on various legal and financial matters. No matter your estate planning situation, you’ll need a lawyer at some point. Our doors are always open at Leydorf Law Firm, PLLC. Regardless of the kind of services you need on estate planning, our trusted team of legal experts is always ready to help.
Along with helping our clients to transfer financial wealth, we ensure your estate plan includes your values, insights, stories, and experiences. We believe that these are valuable assets worth passing on to your family. Therefore, we’ve created a tool that helps us to pass on your whole family wealth. While you might think that booking a planning session is expensive, the truth is, the costs that come having a plan that won’t work or no plan at all are much more costly. Book your planning session now and ensure your family wealth is managed properly, and your minor children are protected if you became incapacitated or die.
We will call you back as soon as possible