Tragedy can strike quickly and without warning. You plan ahead and prepare your family for how to respond to severe weather or any tragedy that could occur in your area—extreme cold, flooding, tornados, power outages, or fire. You know what must be done before, during, and after to protect your family and your property. Extra blankets in the car, flashlights with fresh batteries, a case of bottled water in the basement, and a gas can full of gas in the garage, just in case. But what happens if you are in a car accident, or severely injured at work or at home, causing you to become incapacitated? What would your family do if you died unexpectedly? Have you and your family prepared a plan for how to handle this type of situation?
Why prepare? Being prepared can reduce fear, anxiety, and offer peace-of-mind knowing that your family is taken care of in the event you become incapacitated or die. To ensure your family knows what to do, and to protect your family and your property, you need an Estate Plan.
The need to plan is real. Without proper planning, your family is not protected in the event of your incapacity or death. For example, it is a common misunderstanding to believe that if you become incapacitated, that your spouse, child, or relative can act for you, or in your interests. The truth is, if you cannot make your own personal or medical decisions or sign your name to a financial document, a court will. Also, if you should die without an estate plan, the laws of Michigan can control who will receive your assets, who will be in charge of distributing your assets, and possibly who will care for your minor children. These are the reasons why it is important to have a plan to protect your family and assets.
Get informed. There are many details that can go into an estate plan, and each individual has her own distinctive needs that are important to them. It’s important to talk to an attorney to help establish a plan that fits your family’s dynamics. If you don’t have an attorney, call Easter Law today at 810-824-4520. Whether you are an individual or family needing assistance, we can help you establish an Estate Plan that fits your unique needs and circumstances.