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Rochester Hills, MI 48307
Never thought of that!
Things to keep in mind as you decide
whether or not you need a Will, or Trust, or Powers of Attorney
A written plan can make handling your affairs after your passing or incapacity "easier" for a spouse, child, or loved one, especially during an already emotional and stressful time.
Even if someone knows you, knows your wishes, how you want to give away your assets, which family members you have no relationship with, etc., they need the legal authority to act for you (Will, Powers of Attorney, Trust)
There is no "right time" to begin this process, other than after you turn 18. Incapacity and death do not wait until we are ready, retired, "old enough", "wealthy", no longer parents of minors, or send our kids to college. It is always the right time to be proactive.
You get to choose who handles your finances, property, medical decisions, and raise your minor children, when you need help or at the time of death, not a judge that doesn't know you, your family or understand the family dynamic.
Once children become adults (@ age 18), parents no longer have automatic access or rights to their "children's" financial, personal, education, or medical information! Find out what documents can give you this access.
Even after your plan is in place, life changes, laws change, and your plan should too. Keep it up to date to make sure, your current wishes are carried out.
Checking "estate planning" off of your to-do list, just feels good!
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