Estate Planning Myths That Could Cost Your Family

This season always serves as a poignant reminder of how swiftly life can change. One moment, everything is routine; the next, an unforeseen event arises, compelling families to make significant decisions in a hurry.

Unfortunately, these crucial choices are often made under pressure and without a solid plan in place.

My mission is to help you prepare for those unexpected moments. By establishing a comprehensive estate plan, you can protect your loved ones, sidestep unnecessary legal disputes, and ensure that your wishes are honored precisely as you envision them.

Client Testimonial

When it came time to create an estate plan, Pam Crittenden chose the comfort of home and a team she could trust.

With virtual meetings and step-by-step guidance, we made the process seamless from start to finish.

"We were very impressed with our estate planning with Rutkowski Law Firm! Everything was handled via Zoom meetings from the comfort of our home. From the first contact with Client Services Coordinator, Angela, to our initial meeting with Chris, Director of Client Services, then scheduled meetings to determine and set up our plan with Attorney Kara Moore, and ending with a funding meeting with Wealth Manager, Wally Rutkowski, everything went seamlessly. Highly recommend!"

— Pam Crittenden, Rochester, MI

The Truth About Simple Wills

Many individuals think that a basic will is sufficient for safeguarding their family. However, although a will expresses your intentions, it does not prevent probate. This means your family may endure months or even years of court battles, legal expenses, and public exposure of your estate.

For the majority of families in Michigan, a more thorough approach, such as a living trust, is essential for truly protecting your legacy.

Avoiding Probate Court Headaches

Navigating probate court can be lengthy, expensive, and emotionally taxing for families in mourning. Even a thoughtfully drafted will can lead your estate into probate if the necessary precautions are not followed.

By engaging in effective planning, such as establishing a living trust, accurately titling assets, and maintaining updated beneficiary designations, you can completely avoid probate. This allows your loved ones to concentrate on healing rather than dealing with paperwork and court schedules.

Living Trusts vs. Wills

It’s a common misconception that wills and living trusts serve the same purpose, but they function quite differently. A will comes into play only after your death and typically necessitates probate.

Conversely, a living trust can offer protection while you are still alive, especially in the event of incapacitation, and it facilitates the direct transfer of your assets to your loved ones without the need for court intervention.

The best option for you will depend on your specific objectives, but in many situations, a trust provides significantly better protection.

Protect Your Family’s Future

We can help you separate myth from reality and build a plan that truly works.

• Call: 248-792-9193
• Website: rutkowskilawfirm.com
• Request a Consultation: Schedule here

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