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  • Writer's pictureMatt Devitt

How Could My Family and I Benefit from a Comprehensive Estate Plan?

Estate planning is one of the most important steps any person can take to make sure that their final property and health care wishes are honored, and that loved ones are provided for in their absence. A comprehensive estate plan can resolve a number of legal questions that arise whenever anyone passes: What is the state of their financial affairs? What real and personal property do they own? Who gets what? Does a personal guardian need to be appointed to care for minor children? How much tax will need to be paid in order to transfer property ownership? What funeral arrangements are appropriate?

In addition, an estate plan can provide peace of mind and provide for future generations including protection of your spouse, protection of children and grandchildren, maintaining control in the event of disability, keeping peace in the family, passing on family values, charitable planning, and planning for expeditious estate settlement.

Estate planning is for everyone regardless of age or amount of wealth accumulated. Individuals put off estate planning for several reasons, including not thinking they own enough, they’re not old enough, they’re busy, think they have plenty of time, they’re confused and don’t know who can help them, or they just don’t want to think it. Then, when something happens to them, their families have to pick up the pieces. The peace of mind of knowing that your loved ones are taken care with an estate plan should be felt by everyone including middle income families, as well as, those with modest estates.

Benefits of a Detailed Estate Plan:

Not only does estate planning provide peace of mind and provide for future generations it also

  1. Providing protection for your spouse

  2. Protection for children and grandchildren

  3. Maintaining control over your finances and health care decisions in the event of a disability

  4. Tax planning considerations

  5. Keeping peace and harmony in the family,

  6. Passing on family values

  7. Charitable planning and

  8. Planning for the expeditions settlement of your estate through the avoidance of probate.

Life is a journey that starts and ends with family. At Matt Devitt Law, PLC we pride ourselves on never forgetting who we work for; you the client. We take a unique approach to our estate planning by scheduling up to three in person meetings depending on the desire of our clients. Given the importance and complexity of a well drafted estate plan, we do not believe that our clients should be rushed through the process and have found that the more time we spend together planning, equates to a more comprehensive estate plan that best meets the wishes of our clients.

A bit about usMatt Devitt Law is a full service estate planning law firm located in Livonia, MI. In addition to estate planning we also provide legal counsel for small businesses and off a full suite of real estate legal services as well.

We work with our surrounding communities including Livonia, Northville, Plymouth, Novi, Farmington Hills, and beyond. Our focus is on providing pragmatic value based solutions for your estate planning, small business, and real-estate legal needs. Give Matt a call (734) 335-0713 for a free consult. We are also proud to offer full estate planning services virtually when requested.

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