Estate Planning Attorney Serving Novi, Michigan
Every adult, regardless of the value of their assets, should have estate planning done for the following reasons:
It is the only way to memorialize what you want for yourself should you lose capacity or how you want your assets to be distributed or managed after your death in a legally recognized and enforceable way
In Michigan, if you don’t have valid estate planning in place, state statutes and the Courts make these decisions for you.
Estate planning does not just determine “who gets your stuff after you die,” and it is not a “one size fits all” proposition. For example: some people do not need a trust, but some do (and no - amount of assets is not the sole determining factor). But just about everyone should have planning documents that designate who they want to have the power to make medical, financial, and other important decisions for them if they become unable to do so, or who should be considered with priority to serve as guardians or conservators of their minor children if something should happen to them.
I believe strongly that estate planning is important for just about everyone, and to honor that belief I offer scaled fees, flat fees or hourly arrangements, and even payment plans to help “everyday people” get their planning done.