Your Troy, MI asset protection lawyer can make sure your final wishes are respected – and at Gudeman & Associates, P.C., we have over 100 years of combined experience helping our clients build a better future for their friends and families. From bankruptcy to probate, from business law to estate planning, we’re here to help you protect what matters.
But why should you contact an asset protection lawyer? Isn’t this a luxury legal service for the super-rich? As it turns out, everyone can benefit from asset protection and a bit of estate planning. Read on to learn a little more about what we can do for you.
Why Asset Protection?
Your estate is your legacy. Every dollar, every property, every investment, and yes, every debt is something you’re leaving behind for your family. They may have memories of you, but these assets will be the physical evidence – and if you take steps to protect all these assets, they’ll stick around for your loved ones for years to come.
Unfortunately, without proper estate planning, those assets may end up in the wrong hands. For example, if you don’t contact a Troy asset protection lawyer to draft up a will or a living trust, things can get complicated for your family after your death.
What Happens If I Don’t Create A Will?
Wills contain important instructions for your loved ones. When you’re no longer around, the will decides how your assets will be divided and valued. This is called probate.
A trusted family member of your choosing will assume the responsibilities of the executor, and they’ll be in charge of making sure the whole probate process goes smoothly. It’s a tough job, but it’s a lot tougher if you haven’t named an executor in the first place.
If you fail to create a will, that means there’s no named executor to handle the proceedings. And if there’s no preferred family member, the probate court will choose someone from your family to assume that mantle. This is typically a spouse or one of your adult children. This isn’t a problem if you have a good relationship with your family, but there’s a chance the court will choose an ex-spouse (since you married them first) or an estranged child (since the court doesn’t really take into account how solid your relationship with your kids may be).
There may be a conflict between your family members if there’s no named executor and no will. You can avoid this by contacting a Troy asset protection lawyer.
What Can An Asset Protection Lawyer Do For Me?
An asset protection lawyer can help you draft a will or a trust, so your family won’t have to fight over your estate after your death. They can also help you establish LLCs, or even consider offshore accounts. There are many different techniques that an asset protection lawyer can use to keep your properties and investments safe, and the team at Gudeman & Associates, P.C. is ready to get you started.
Contact Gudeman & Associates, P.C. Today
At Gudeman & Associates, P.C., we have over 100 years of collective experience with estate planning, real estate, and business law. This is the perfect foundation to help you protect your assets through a variety of techniques we’ve honed with our practice. If you’re interested in learning more, contact us today, and see how a Troy, MI asset protection lawyer from our office can help.
