Joe Dadich, estate planning attorney in Troy, MI, Presents Tips on Effective Estate Planning on His Website
Joe Dadich, estate planning attorney in Troy, MI, Emphasizes the importance of Estate Planning.
On the website, one will learn some great tips on effective estate planning. For instance, there are essentially five documents that must be in one’s estate plan. Having these documents in place when a loved one dies is essential and reduces the financial and emotional turmoil cause by lack of planning:
To learn more read http://www.emailwire.com/release/135451-Joe-Dadich-Estate-Planning-Attorney-in-Birmingham-MI-Presents-his-15-Critical-Point-Assessment-for-your-Estate-Plan-.html.
1. Advance Healthcare Directive: This document allows someone's patient advocate to make healthcare decisions and allows family members and loved ones to express their desires as to how they would want their healthcare directed should something unfortunate happen to them.
2. Durable Power of Attorney: Closely related to the Advance Healthcare Directive, this document acts as a safety net for financial matters that one cannot make if they are incapacitated. It allows someone's financial agent to have direct powers to access and utilize bank accounts, transfer assets one's trusts, access safety deposit boxes and other access other accounts.
3. The Will: A will is very important. It allows a person to state in writing what their intentions are for their assets and how they will be distributed. It also establishes an executor that will state to the court what the deceased's intentions are and can be used to establish permanent guardians for minor children. A last will and testament is essential. Read more at http://detroit.backpage.com/LegalServices/joe-dadich-estate-planning-attorney-in-troy-mi-emphasizes-the-importance-of-estate-planning/13953428.
4. The Trust: The Revocable Living Trust works with the will and is a very critical document from the estate planning standpoint. The Trust is set up to bypass probate by allowing one to transfer assets into the trust and to move title to one's assets while they are living, bypassing probate. The trust prevents creditors, ex-spouses and children of ex-spouses from receiving the children's inheritance. A trust is also used when minor children are beneficiary’s life insurance policies and can put limits on how the proceeds are spent.
5. Emergency Child Protector Plan: The Emergency Child Protector Plan allows parents with small children to nominate temporary emergency responders in case designated legal guardians are unavailable in an emergency. It protects the children by preventing the state from having charge over them even for a couple of days should permanent guardians not be available.
For more information visit read https://www.prbuzz.com/home-a-garden/155105-joe-dadich-estate-planning-attorney-in-troy-mi-emphasizes-the-importance-of-estate-planning.html or call 248-677-1041.
About Joe Dadich, Estate Planning Attorney:
Joe Dadich (http://www.linkedin.com/pub/joseph-j-dadich/13/259/1b0 ) is president of Dadich & Associates, PLLC. The estate planning practice specializes in helping families enhance their lives today and secure their futures for tomorrow. In 2008 the Emergency Estate Planning Team was pleased to announce Mr. Dadich was named as Michigan’s ONLY Rising Star for 2008 (as an Attorney/CPA under 40) as named by SuperLawyers™. For more information email Joe or call him at 248-677-1041.
2844 Livernois Rd #4292
Troy, MI 48099
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