Many people avoid creating a will or trust thinking they are designed to help the wealthy or individuals with a significant amount of assets. In fact, one of the best steps you can make is to create an estate plan. This can serve as a roadmap for your family so they are not left guessing how you would like your assets distributed and other important matters handled, after you pass away.
DEVELOPING CUSTOMIZABLE WILLS AND TRUSTS IN SOUTHEASTERN MICHIGAN
For more than a decade, attorney Alivia Kassab Arabo has helped clients establish wills and trusts as part of an estate plan. She has worked with many clients to plan for the future, yet she never makes any assumptions about the type of estate plan that will work best for a family. Ms. Arabo offers a hands-on approach to understand where you and your loved ones are at in life. Based on the time she spends with you, she’ll have a better understanding of the type of will or trust that will be most beneficial. Contact our experienced will and trust attorney for an initial consultation in West Bloomfield, Michigan.
OAKLAND COUNTY LAWYER HELPING YOU CREATE A WILL
The terms of a will can vary as much as families do. A will is a fundamental piece of an estate plan that can be most effective when established to define the unique needs or goals of a family.
Attorney Alivia Kassab Arabo offers a hands-on approach to understand where you are at in your life. The time she spends can also help her understand what terms should be included to protect the ones you love. If you have minor children, she can work with you to name a legal guardian to raise your children if anything were to happen to either parent. She also has a strong background helping clients make sure kids from a first marriage are protected in a will.
Ms. Arabo will make sure the will defines how all of your assets will be distributed. She can also work with you to name someone to act as your power of attorney or include details on the type of medical care you would like to be given, if you become unable to communicate your thoughts.
PROTECT YOUR LOVED ONES’ FINANCIAL INTERESTS WITH A TRUST
If you are looking to preserve your loved ones’ financial interests and avoid probate, you may want to consider establishing a trust. Any assets transferred into a revocable trust can automatically transfer to beneficiaries, allowing them to avoid the bureaucratic probate process. A revocable trust allows the individual who created the trust to remain in control during his or her lifetime. They have the ability to change or terminate the trust at any time.
For individuals trying to cut down on federal estate taxes, they may want to consider establishing an irrevocable trust. Property placed into an irrevocable trust is permanently given away. The creator of the trust no longer owns property in the irrevocable trust, allowing families to avoid paying estate taxes. During an initial consultation, our estate planning lawyer can work with you to understand the type of trust you may want to establish, such as:
- Irrevocable trust
- Revocable/living trust
- Charitable trusts
- Special needs trust
- Testamentary trust
- Asset protection trust.
CONTACT OUR WILLS AND TRUSTS LAWYER TODAY
You should settle for nothing less than a customized estate plan. When you contact our law firm, Ms. Arabo will work with you to understand the type of will or trust that would be most beneficial for you and your family. She offers initial consultations in West Bloomfield from 8 a.m. to 5 p.m. Monday through Friday. Evenings and weekend appointments are available.