Estate Planning Midland MI
The attorneys at Wilson Law Office, P.C. understand the important and personal nature of estate planning. People work their entire lives to establish an estate. A proper estate plan will protect your loved ones from having to deal with uncertainty when it comes to the distribution of your savings and personal property. A solid estate plan provides clear and concise directions for when you have passed. An estate plan can also pro-tect you while you are living. The attorneys at Wilson Law Office, P.C. are here to help you with your estate planning issues, including but not limited to:
A will is a document to dispose of an individual’s property owned at the time of his or her death. A will ensures that an individual’s property is disposed of according to his or her wishes. Guardians and/or conservators for minor children can be appointed in the will. It also appoints a fiduciary to carry out the directions contained in the will according to probate laws.
A living will is a document that allows an ill individual to decide ahead of time what actions should be taken if the individual can no longer make decisions because of illness or incapacitation.
DURABLE POWER OF ATTORNEY
A Power of Attorney is an instrument by which an individual (known as a principal) gives general or specific authority to another individual (known as the attorney in fact) to act on the principal’s behalf with the same authority that the principal possesses. A Power of Attorney can be used for financial decisions, business transactions, and/or for making health care decisions if the principal becomes incompetent to act on their own behalf. A Power of Attorney is a tool by which the principal can lay out whether or not extraordinary means are to be used to keep him/her alive in the event that the principal cannot articulate his/her wishes. If necessary, a Power of Attorney can be revoked at any time.
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