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ANN ARBOR, Mich. - Michimich -- Pear Sperling Eggan & Daniels, P.C. estate planning attorneys can help you plan for the unexpected when you die. Your family won't be left in limbo, not knowing how to pick up the pieces, you will leave them with plans to follow after your passing having an estate plan in place.
It's also important to know other things you should be preparing for before you die.
These things include:
1. Inventory: there's more to estate planning than writing a will or trust. You should create a list of your assets to make it easier on your family. An estate planning attorney can help you prepare a spreadsheet listing all your assets and placing it in your estate planning binder.
2. Retirement/Life Insurance/Annuities: beneficiary designations of your retirement, life insurance and annuities take precedent over your trust. It's important to coordinate beneficiary designations with your overall estate plan.
3. Bank Account - you can designate a beneficiary for your bank accounts through a "payable on death" ("POD") designation. Again, it's important to coordinate these POD designations with your overall estate plan.
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Find out the other things you should be preparing for before you die here (https://www.psedlaw.com/learn/more/things-to-do-before-you-die-estate-planning).
Pear, Sperling, Eggan & Daniels, P.C. attorneys are very experienced in discussing and assisting in the drafting of estate plan documents. If you have estate planning questions, contact a estate planning attorney in Ann Arbor (https://www.psedlaw.com/practice/areas/estate-planning) at Pear Sperling Eggan & Daniels, P.C.
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, Pear Sperling 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.
It's also important to know other things you should be preparing for before you die.
These things include:
1. Inventory: there's more to estate planning than writing a will or trust. You should create a list of your assets to make it easier on your family. An estate planning attorney can help you prepare a spreadsheet listing all your assets and placing it in your estate planning binder.
2. Retirement/Life Insurance/Annuities: beneficiary designations of your retirement, life insurance and annuities take precedent over your trust. It's important to coordinate beneficiary designations with your overall estate plan.
3. Bank Account - you can designate a beneficiary for your bank accounts through a "payable on death" ("POD") designation. Again, it's important to coordinate these POD designations with your overall estate plan.
More on Michimich.com
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Find out the other things you should be preparing for before you die here (https://www.psedlaw.com/learn/more/things-to-do-before-you-die-estate-planning).
Pear, Sperling, Eggan & Daniels, P.C. attorneys are very experienced in discussing and assisting in the drafting of estate plan documents. If you have estate planning questions, contact a estate planning attorney in Ann Arbor (https://www.psedlaw.com/practice/areas/estate-planning) at Pear Sperling Eggan & Daniels, P.C.
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, Pear Sperling 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.
Source: Pear Sperling Eggan & Daniels, P.C.
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