Even without the overblown depictions of probate hearings or fears of challenges, a probate hearing often adds a large amount of uncertainty to a naturally stressful time. The intervention of the courts to take over the management of the deceased’s assets can reduce or even eliminate control over the estate and it is not always clear who will benefit. Also, probate hearings regularly take much longer to conclude than other, more directed plans for asset distribution.
While wills serve to specify the distribution of phyiscal goods such as jewelry or family heirlooms and living trusts can control the distribution of financial assts such as stock holdings or retirement plans, a probate hearing can introduce challenges and disputes that can tie up assets for significant periods of time.
Michigan law requires that a probate hearing be held if any one of a number of conditions is true. If someone dies intestate, meaning without a will, a probate hearing will be required. If you have plans for how your assets should be distributed, taking action now with an experienced tax and estate planning attorney like Dan Goeman can make all the difference. There are legal means to avoid probate for most, if not all, of your assets and your plan can be made real and secure.
Probate hearings are not only lengthy, they can also be expensive. If the assets are challenged or questioned, a Michigan probate attorney is necessary if you want to protect your rights and even if no disputes arise, a probate attorney is still necessary to properly conduct the legal provisions that inevitably arise in a probate proceeding.
Probate is a confusing and complicated matter. Even in the simplest of hearings, the knowledge and experience of an attorney who practices in the areas of tax law and tax probate considerations can assist in the progress of the probate proceeding and avoid unnecessary delay or complications.
To schedule an initial estate planning consultation, please contact the
GOEMAN LAW FIRM PLLC at (616) 796-9400