Estate Planning

Protecting your family involves many considerations. Effective estate planning makes sure your loved ones are taken care of in a way that saves time and money, and reduces stress down the road. Good planning should answer questions like:

  • Who takes care of my children if I can’t?
  • Should my money be distributed to my heirs all at once or over time?
  • Who handles medical and financial decisions if I am unable to?
  • What costs (probate, taxes, etc.) are involved, and can they be avoided?

We utilize a variety of tools to answer the important questions:

  • Beneficiary destinations for all accounts;
  • Proper titling of assets including considering Lady Bird deeds, and
  • Planning for income tax burdens.

Document preparation and amendments:

  • Financial durable powers of attorney;
  • Health care powers of attorney;
  • Revocable living trusts;
  • Trustee manuals, and
  • Testamentary letters.

Reducing Uncertainty® in the protection of your family is our aim. We provide a complimentary initial consultation to review your situation and make recommendations to save you and your family time and money, and reduce stressful uncertainties.

Estate Planning Guidebook

Our in-house legal staff created this guidebook to outline our approach to proper estate planning. It includes information on wills, trusts, powers of attorney as well as other planning tools that keep your money in the hands of the people that matter most to you. Get your free digital copy here.

Testamentary Letter

The testamentary letter answers questions that even the best wills and trusts cannot. It provides an avenue for explaining where your accounts are located, how to access them, which professional advisors your beneficiary should use and your requests for funeral arrangements. Only you can write your testamentary letter. We have created a useful testamentary letter template that you can download and print at your convenience.  

Fees

Document preparation is available at no additional charge for Michigan residents with at least $500,000 in assets under management. LJPR will cover fees up to $900 for non-Michigan residents with at least $500,000 in assets. Clients under this asset management threshold are subject to the standard fee schedule outlined here.