Wayne County Estate Planning Attorney
Contact the Plymouth estate planning law firm of Wade A. Myers, P.C., for dependable advice and responsive client service in wills, trusts, and probate avoidance. All initial consultations are free, and our close attention to your family's circumstances and objectives can make a significant difference to your family's future.
We offer a basic estate plan package to all of our estate planning clients. This includes:
- Last will and testament
- Designation of a guardian for minor children
- Durable and medical powers of attorney to make sure that trusted persons can look after your financial affairs and serve as your patient's advocate in the event of your sudden or prolonged incapacity
- Advance directive to physicians to make sure that your preferences are honored as to sustaining or terminating life support systems at the end of life
Wayne County clients are often interested in revocable living trusts as a means of avoiding the delays typical of probate proceedings in Detroit. With only four probate judges available to serve the needs of one of the most populous counties in the United States, families in Wayne County often prefer to transfer their assets into a living trust, family partnership or limited liability company to make sure that their estates at death are valued at less than $15,000, the threshold for probate jurisdiction over a Michigan decedent's estate. We also recommend the use of a pourover will that transfers assets remaining in the testator's name into trust immediately at death, so that your probate avoidance objectives are not frustrated years after the drafting of your will.
For estate planning clients who need to plan for estate tax liabilities, we can advise you about your alternatives with respect to irrevocable life insurance trusts, credit shelter trusts, generation-skipping trusts, and charitable remainder trusts, all of which can reduce the size of your probate estate and maximize the value of your federal estate tax exemptions.
We can also handle special problems through trusts, such as transferring land contaminated by chemicals or hazardous waste into trust so that your heirs can avoid personal liability for someone else's environmental damage. Additionally, we set up special needs trusts for the future protection of a child who cannot look after his or her own interests due to disability or incapacity.