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ANN ARBOR, Mich. - Michimich -- Have you decided to have your Will and Estate Plan drafted? This process involves identifying what assets you have, where they should go, and how they should be given to the recipient, but the most important step is selecting someone to oversee the entire process once you're gone.
The Personal Representative plays a critical role in the management and the distribution of your assets and most likely will be your spouse or a close relative, but it can also be a friend or someone who you have had a business relationship with and who is well suited for the role.
It's important that you get approval from the person you choose as your Personal Representative before naming them as it is vital that the individual understands their responsibility and can commit to the position. It's also recommended that you consider and name a successor, or even more than one successor, in case your primary choice is unable to meet the demands or be available when it's time to act.
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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.
The Personal Representative plays a critical role in the management and the distribution of your assets and most likely will be your spouse or a close relative, but it can also be a friend or someone who you have had a business relationship with and who is well suited for the role.
It's important that you get approval from the person you choose as your Personal Representative before naming them as it is vital that the individual understands their responsibility and can commit to the position. It's also recommended that you consider and name a successor, or even more than one successor, in case your primary choice is unable to meet the demands or be available when it's time to act.
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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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