Kevin Adams & Associates | 31330 Schoolcraft Road Livonia, MI 48150

The Law Offices of Kevin Adams & Associates, PLLC located in Livonia, Michigan,  will help you and your family make sure that your lifetime of hard work will benefit you during your lifetime and your family and loved ones after your death. We prepare wills, trusts, powers of attorney and other documentation to meet the sophisticated estate planning needs of our clients. We assist in federal estate tax planning. We can create estate plans to handle the special needs for a disabled person's estate, asset protection and business succession planning. After a loved one passes, we can provide compassionate trust and estate administration.

 Estate planning is the process by which an individual or family arranges the transfer of assets in anticipation of death. An estate plan aims to preserve the maximum amount of wealth possible for the intended beneficiaries and flexibility for the individual prior to death. A major concern for drafters of estate plans is federal and state tax law. Lack of proper planning can cause costly expenses, unnecessary problems, court supervision of your estate, unnecessary taxes, delays, higher probability that your wishes will not be adhered to, and so forth. While proper estate planning on the other hand, produces your desired results which has a much more positive outcome upon a death or disability.
Some of the documents you may need to prepare in your estate plan are Wills, Trusts, Powers of Attorneys, Advanced Health Care Directives, Durable Powers of Attorney, Special Needs Trusts, and funding documents.
Below please find some of the issues that you should think about prior to a proper estate planning consultation with your lawyer that would assist an estate planning attorney in advising you regarding your estate planning concerns:

1. Who do intend will receive your assets upon your death?
2. Will you give your assets to your beneficiaries in a lump-sum or will you prefer that it be distributed over time?
3. Whom do you want to manage your assets and personal affairs if you become disabled or pass away?
4. Whom do you want to give the power to make healthcare decisions for you if you become disabled?
5. What types of medical care do you want if you are incapacitated or terminally ill?
6. Who will be the legal guardian of your minor children in the event something happens to you? What types of medical care (or lack thereof) do you want if you are incapacitated and can't make the decisions concerning your healthcare?
7. How can you minimize taxes, expenses, court supervision, problems or delays for your family if you become disabled or die? Should you have any further questions, or if you would like to schedule an appointment with Kevin Adams, Attorney at Law and Certified Public Accountant I would be happy to help you and your family with your estate planning needs.