A trust protects assets in a family or other kind of trust and avoids probate by passing assets directly to beneficiaries. Trusts can be irrevocable or changeable depending upon individual needs. If you have any questions regarding wills, contact Michael Mishic PC today. We can get you set up for an appointment with Mike where you will discuss anything and everything related to drafting a will.
Mike Mishic is your local attorney practicing in Midland, Michigan. Mike focuses his practice on estate planning and estate administration. We can develop simple and complex estate plans comprised of wills, trusts, durable powers of attorney, health care powers of attorney, guardianships and conservatorships. Mike is known for his experience, as well as his ability to develop and maintain lasting relationships with clients.
While he cannot predict the future, Mike can help you plan for it. Careful preparation and planning for the future is the best way to ensure that your loved ones will be provided for in your absence.
Mike Mishic is your local attorney practicing in Midland, Michigan. Mike focuses his practice on estate planning and estate administration. We can develop simple and complex estate plans comprised of wills, trusts, durable powers of attorney, health care powers of attorney, guardianships and conservatorships. Mike is known for his experience, as well as his ability to develop and maintain lasting relationships with clients.
While he cannot predict the future, Mike can help you plan for it. Careful preparation and planning for the future is the best way to ensure that your loved ones will be provided for in your absence.
Services
The most common Trust is a "living trust".
The Trust protects assets in a family or other kind of trust and avoids probate by passing assets directly to beneficiaries.
Trusts can be irrevocable or changeable depending upon individual needs.
The Family Trust is an example of a living trust.
This trust is designed for you to fund or place assets in the trust at any time.
The Trust is for the family's present use and benefit and holds assets after your death for the benefit of your heirs.
For instance, the Trust can own or have title to your real estate, cars, bank accounts, investments and be named as a beneficiary of insurance policies and investments.
The Trust protects assets in a family or other kind of trust and avoids probate by passing assets directly to beneficiaries.
Trusts can be irrevocable or changeable depending upon individual needs.
The Family Trust is an example of a living trust.
This trust is designed for you to fund or place assets in the trust at any time.
The Trust is for the family's present use and benefit and holds assets after your death for the benefit of your heirs.
For instance, the Trust can own or have title to your real estate, cars, bank accounts, investments and be named as a beneficiary of insurance policies and investments.
Estate planning can be quite a process and include many legal strategies such as wills, trusts, durable powers of attorney, health care powers of attorney, and more.
Having a properly drafted estate plan is important to ensure your estate is distributed exactly as you wish after death.
Mike can help you make important decisions and provide you with answers and information that will help you draft your estate plan exactly as you wish.
Clients have continuously been impressed with Mike's experience and expertise in estate planning.
Having a properly drafted estate plan is important to ensure your estate is distributed exactly as you wish after death.
Mike can help you make important decisions and provide you with answers and information that will help you draft your estate plan exactly as you wish.
Clients have continuously been impressed with Mike's experience and expertise in estate planning.
Your Last Will and Testament directs your personal representative to distribute your real estate and personal property after your death as specified in the Will.
Michigan law allows you to attach a list of personal property you want gifted to specific individuals.
A Will also allows you to designate a guardian and conservator for your children should their parents be deceased.
The Last Will and Testament is known as a "pour over" will.
In essence, the will directs your personal representative to transfer your probate assets, if any, to the Trust upon your passing.
Michigan law allows you to attach a list of personal property you want gifted to specific individuals.
A Will also allows you to designate a guardian and conservator for your children should their parents be deceased.
The Last Will and Testament is known as a "pour over" will.
In essence, the will directs your personal representative to transfer your probate assets, if any, to the Trust upon your passing.
With a General Durable Power of Attorney your family will avoid the delay and costs associated with requesting the Probate Court to appoint a Conservator - possibly a stranger - to make financial decisions for you.
This document appoints and empowers an agent to act on your behalf with respect to your financial and business affairs in the event you are unable to do so because of disability or mere unavailability.
A General Durable Power of Attorney can be effective immediately or upon your disability as determined by a doctor.
This document appoints and empowers an agent to act on your behalf with respect to your financial and business affairs in the event you are unable to do so because of disability or mere unavailability.
A General Durable Power of Attorney can be effective immediately or upon your disability as determined by a doctor.
Last Will and Testament: This document distributes your probate assets to your named beneficiaries, designates guardians for your children and appoints an personal representative to follow your wishes after your death.
Durable Power of Attorney For Financial Affairs: This document allows you to appoint someone to manage all of your financial affairs during your life, including the sale of assets, managing your banking and checking accounts, paying your expenses and all other financial affairs.
A Durable Power of Attorney is crucial for avoiding the expense and hassle of appointing a conservator through the Probate Court in case a person becomes incompetent.
Durable Power of Attorney For Financial Affairs: This document allows you to appoint someone to manage all of your financial affairs during your life, including the sale of assets, managing your banking and checking accounts, paying your expenses and all other financial affairs.
A Durable Power of Attorney is crucial for avoiding the expense and hassle of appointing a conservator through the Probate Court in case a person becomes incompetent.
Reviews
Be the first to review Michael Mishic.
Write a Review
