Passionate & Knowledgeable Estate Planning Attorney
Estate planning is unique because everyone can benefit from some sort of plan. Whether it involves a simple will, a revocable trust or more complicated tax sheltering instruments, proper estate plans reflect the client’s wishes regarding distribution of assets, while also providing the appropriate vehicles to avoid the probate court’s involvement and to minimize estate taxes. As a Michigan estate planning attorney, Paul A. DePorre, P.C. Attorney at Law will help you accomplish these goals.
Paul feels strongly that families need to “get their financial house in order,” and he approaches each family’s estate needs as if they were his own. A plan is inexpensive to prepare in relation to the potential cost of not having one. It is rewarding for Paul to help families who have spent their entire lives accumulating wealth plan for its future. Contact our local firm for a free consultation with Paul.
Why Is an Estate Plan Recommended?
One major challenge lies in conveying wealth to our loved ones seamlessly, without triggering estate tax or requiring costly probate. Unfortunately, the law prevents us from transferring wealth without probate unless we have a written estate plan. And without a plan, the government will decide for you who will receive your estate, which, in some cases, may be the government itself.
For many clients, a complete estate plan includes a will, a trust, a durable power of attorney and a medical power of attorney. For some, it may require more complex planning to minimize oppressive estate taxes. Regardless of your estate’s size or complexity, Paul will work with you to review your assets, discuss your needs and tailor a plan that leaves you feeling secure and comfortable.
How We Can Customize Your Estate Plan
Estate plans are very flexible documents that our experienced estate planning attorney can tailor to accommodate almost any objective. For example, Paul commonly works with couples where one or both spouses have children from a previous marriage. If a spouse wants to preserve assets for his or her children after he or she dies, we can prepare a trust whereby the surviving spouse can receive income from the deceased spouse’s estate during the surviving spouse’s lifetime, while preserving the principle for the deceased spouse’s children after the surviving spouse passes away.
Contact Us Today for a Free Legal Consultation
If you are interested in preparing an estate plan, Paul DePorre will meet with you to listen to your concerns about your current situation and help you establish goals and objectives for your estate during your life and after you pass away. As your estate planning attorney, Paul will educate you about your options and put your wishes in a written plan. To request a free consultation, call us today at (248) 647-0277 or submit our online contact form.