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Estate Planning

Troy Estate Planning Attorney

Discover How Our Attorneys Can Help You Plan for the Future

You owe it to yourself and your loved ones to start planning for the future. It’s never too early to start but, if you wait long enough, it may become too late.

Don’t leave your estate in shambles or leave your family wondering, worrying and fighting over your estate. Let the compassionate, caring Troy estate planning lawyers at Barron, Rosenberg, Mayoras & Mayoras guide you through the steps it takes to get your estate in order. The best gift you can give your family is one that plans ahead so your loved ones don’t have a messy estate to deal with during an already emotional time.

Contact the professionals at Barron, Rosenberg, Mayoras & Mayoras P.C. today to schedule a consultation with a skilled Troy estate planning lawyer.

Our knowledgeable lawyers can walk you through the estate planning essentials, which can include:

Why You Should Hire an Attorney for Your Estate Planning Needs

Many people believe they can handle the estate planning process on their own. There are many existing estate planning forms that can be filled out without the guidance of an attorney. However, these forms often only cover the basics, and cannot be customized to handle your own unique estate needs.

Only an attorney with experience in estate planning can help you create an estate plan that is custom-tailored to you. A lawyer can identify and help you avoid common pitfalls in estate, trust, and wills matters. They can also help minimize the impact of probate and estate taxes on your assets.

Without the help of an attorney, you may find yourself making serious compromises in your wishes for the distribution of your assets when you pass away. You may also make mistakes that can severely complicate estate administration proceedings down the line. Finally, an estate lawyer can best help you update your estate plan as your life and finances change.

Frequently Asked Questions About Estate Planning

What is estate planning?

Estate planning involves making arrangements for the management and distribution of your estate after your death. This includes taking into account your personal, family, and financial circumstances to ensure your wishes are carried out.

Why is estate planning important?

Estate planning is important as it allows you to have control over your assets and ensures they are distributed according to your wishes. It also helps minimize potential conflicts among family members and reduces the burden of estate taxes and probate costs.

When should I start estate planning?

It is recommended to start estate planning as soon as possible, regardless of age or health. Life is unpredictable, and having a well-structured estate plan in place can provide peace of mind and protect your loved ones in the event of unforeseen circumstances.

What documents are essential for estate planning?

Essential documents for estate planning may include wills, trusts, powers of attorney, advance healthcare directives, and beneficiary designations. These documents help outline your wishes for asset distribution, healthcare decisions, and the management of your affairs in the event of incapacity.

What is the difference between a will and a trust?

A will is a legal document that outlines how your assets will be distributed after your death, while a trust is a legal arrangement that allows a third party, or trustee, to manage your assets on behalf of your beneficiaries. Trusts can help avoid probate and provide more control over when and how assets are distributed.

Can I make changes to my estate plan later on?

Yes, you can and should update your estate plan as your life circumstances change, such as marriage, divorce, the birth of a child, or changes in financial status. Regular reviews ensure your plan reflects your current wishes and needs.

What happens if I die without an estate plan?

If you die without an estate plan, your assets will be distributed according to state intestacy laws, which may not align with your wishes. This can lead to delays and potential disputes among family members.

We Also Practice Elder Law

Because our Troy estate planning attorneys are also elder law attorneys, we offer more protections for old age than most other estate planning lawyers do. Our full-service division, The Center for Elder Law, offers resources and guidance for various legal issues concerning seniors.

Let BRMM’s skilled estate planning lawyers serving in Troy, Oakland County, and surrounding areas take a comprehensive look into your future so you can plan today for tomorrow. We can offer the guidance and insight you need and provide you and your loved ones with the peace of mind you deserve.

Start planning your estate today by calling (248) 213-9514 and scheduling a meeting with the skilled Troy estate planning lawyers at Barron, Rosenberg, Mayoras & Mayoras.

 

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