Estate
Planning
Estate
planning is the process of identifying your assets and determining
how to manage and direct those assets in preparation for death.
If you die in Michigan without a will, the laws of intestate
succession will govern the distribution of your assets. A will
enables you to direct the distribution of your assets according
to your own personal wishes. A trust is a separate legal entity
that continues after your death to manage and distribute your
assets for specified purposes. The estate planning process is
unique for every client and thus, Tina S. Gray, P.C. works closely
with each client to create an estate plan that accomplishes
your goals for distribution of your assets and addresses other
concerns associated with death, such as taxation. An initial
step in the estate planning process is the identification of
assets, the selection of individuals to step into your shoes
as guardian, conservator, personal representative, trustee,
patient advocate and the like, and the determination of who
will benefit from your estate. Clients are encouraged to complete
an estate
planning questionnaire for the purpose of compiling
and selecting this necessary information.
Tina
S. Gray has completed the Institute of Continuing Legal Education’s
Probate and Estate Planning Certificate Program and has received a Certificate
of Completion each year from 2005 - 2013. Click here for the Institute
of Continuing Legal Education web site. (www.icle.org)
For
more general information about topics integral to the estate
planning process please view the following brochures published
by the Probate and Estate Planning section of the Michigan State
Bar.