Estate Planning Attorneys Discuss Estate Planning Distributions

ANN ARBOR, Mich. - Michimich -- The essence of estate planning is to direct distribution of one's estate to his or her intended beneficiaries through "dispositive" language, including the distribution of property, whether it be personal property, investments, or liquid assets. Many planning tools are distribution schemes and being familiar with each type gives you more precision in deciding who ultimately inherits your estate.

Instead of needing to name specific beneficiaries, distribution scheme language allows for a class of beneficiaries to inherit from your estate.

In all distribution schemes, a deceased child who doesn't have surviving heirs isn't designated a share. Spouses of a deceased beneficiary don't inherit unless the Trust or Will provides for them to inherit.

Have questions about estate planning distributions? Pear, Sperling, Eggan & Daniels, P.C. has an excellent group of estate planning attorneys in Ann Arbor to serve your legal needs.

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About Pear, Sperling, Eggan & Daniels, P.C.: Pear, Sperling, Eggan & Daniels, P.C. is one of the oldest law firms in Washtenaw County, Michigan. Founded in 1948 as Lawrence & Ulrich, over the past 70 years PSED Law has adapted with the ever-changing needs of clients and flourished into a well-respected and successful law firm, trusted by clients, judges and other attorneys. Top Rated Michigan Superlawyers® , AV® rated, and their attorneys are held to the highest rating possible based on peer review.

Marty Bodnar

Source: Pear, Sperling, Eggan & Daniels, P.C.
Filed Under: Legal

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