Estate Planning Attorney in Monroe, MI
Everyone needs an estate plan. Even if you are not wealthy, you have an estate. Your estate includes your car, home, life insurance and personal possessions. An estate plan allows you to decide who gets what and who will see that your wishes are followed.
Who Needs an Estate Plan?
There are many benefits to having an estate plan including:
- Clearly stating your wishes through estate planning reduces confusion and stress on your family
- Avoids the probate process which can be lengthy and costly
- Keeps minor children out of Monroe County Child Protective Services
- Minimizes taxes and other expenses
Wills and Trusts - What's The Difference?
Wills and Trusts are important components of all estate plans. But what is the difference?
Trusts are legal arrangements that protect assets by naming an executor (trustee) to handle and distribute assets according to your wishes in the event that you are unable to do so due to illness, incapacitation or death.
With a will, you can decide how your assets will be distributed after your death. It can also include instructions for matters like naming guardians for minor children or instructions and wishes for your funeral and burial.
What is an Estate Plan?
Your Estate Plan may include:
Last Will and Testament: Among other things, your will allows you to choose who will inherit your assets. A will alone, however, does not avoid the probate process.
Durable Power of Attorney: If you are ever unable to manage your financial affairs, a durable power of attorney allows you to designate a trusted friend or family member to act on your behalf.
Trusts: A trust protects your assets for the future and can avoid court supervised probate. A trust also helps to reduce income tax and transfer taxes.
Guardianship: If you have minor children or disabled children, guardianship will determine who will have custody of the children and make decisions regarding their protection and care.
Advanced Directives: This tool allows your wishes to be carried out regarding medical treatment in the event that you are unable to communicate them to your doctor.
At Rurka Law, Leah will help formulate an estate plan that best serves your needs today and in the future. Although no one relishes the idea of discussing death and/or disability, it doesn’t have to be a dreaded and uncomfortable process. Leah’s goal is that you leave feeling empowered and at peace knowing that your wishes will be followed and your assets protected.
“My goal is to give each client peace of mind with an individualized, flexible, and cost-effective estate plan.” ~Leah Rurka
At Rurka Law, you will be working directly with Leah Rurka. A graduate of the University of Toledo College of Law, Leah maintains a diverse practice focusing primarily in these areas:
Leah is a skilled, honest, straightforward Monroe, Michigan based attorney. Confident and fierce, she also brings warmth, friendliness, and compassion to every consultation. Leah grew up in a working-class family and knows what it means to work hard for the things you want and need. She also knows that life can throw you curve balls and bad things happen to good people..
Rurka Law plc
13 Washington St, Monroe, MI 48161
(734) 242-2929