In Need of an Estate Planning Lawyer in Franklin, MI?
Douglas Kuthy, our experienced Franklin estate planning lawyer, has dedicated over thirty-five years to helping Michigan residents from all walks of life understand how estate planning and probate law impact their futures.
With a population of just over 3,100, Franklin is renowned for its spacious, estate-style homes. The downtown, a historic district since 1969 and the first in Michigan, is a testament to the community’s rich heritage. Estate planning in such a unique setting can provide significant benefits.
As a seasoned estate planning attorney, Douglas has witnessed firsthand the profound peace of mind our clients gain when they have a comprehensive plan. Whether they are one of the nearly 40% of the Frankin households with children under 18 or unmarried clients in their forties, our law firm provides access to education that allows our fellow Michigan residents to make informed decisions that protect their assets, reduce potential conflicts, and provide for their loved ones according to their wishes.
Estate planning is not just about what happens after death; it also involves planning for incapacity and appointing trusted individuals to make financial and healthcare decisions on your behalf. By making these designations, you not only take control of your future but also ensure that your wishes are respected, empowering you to shape your legacy.
Whether you are creating your first will, interested in understanding the benefits of different types of trusts, or need to update your plans to align with your current needs, our dedicated Oakland County estate planning attorney is here to help. Contact Douglas Kuthy today to schedule a meeting to discuss your unique estate planning needs.
Douglas Kuthy: Franklin, MI Estate Planning Attorney Practice Areas
While our law firm focuses on protecting the estates of all Michigan residents regardless of their size, our estate planning lawyer in Oakland County understands the median household income in Franklin was $178,167 last year, an over 14% increase from the previous year, and more than double the average income in Michigan and the Detroit-Warren-Dearborn Metro Area.
By ensuring they have a comprehensive estate plan, these individuals can protect their assets, fulfill their wishes, support their loved ones, and leave a meaningful legacy.
Our skilled Franklin estate planning attorney provides customized legal strategies for each of our client’s needs using a flat rate fee system that makes our services accessible to individuals, couples, and families throughout Michigan, including:
- Financial Powers of Attorney
- Health Care Powers of Attorney
- Trusts
- Wills
- Probate
Our skilled estate planning attorney in Franklin provides our fellow Michigan residents with peace of mind at a reasonable price so they can confidently plan their futures, knowing that no decision or detail is left to chance. Contact Douglas Kuthy today to learn how he can help you establish and maintain your legacy while you are here to enjoy it and long after you are gone.
Estate Planning in Franklin, Michigan Allows You to Protect Your Assets and Control Your Legacy
Our Franklin estate planning attorney knows you have worked hard to succeed. Whether focused on saving for your children’s futures or financially building a life for your comfort and enjoyment, having diverse and complex asset portfolios requires careful consideration.
Estate planning helps protect these assets from creditors, lawsuits, and other risks. Trusts and other legal instruments can shield assets and ensure they are passed on to beneficiaries intact.
The additional benefits of creating a comprehensive estate plan in Franklin, Michigan, include:
- Control Over Distribution
State law determines asset distribution without an estate plan, which may not align with your wishes. An estate plan allows individuals to specify precisely how and to whom their wealth is distributed, ensuring their wishes are honored.
- Family Harmony
Large estates can lead to disputes among heirs without a clear plan. An estate plan can clarify and reduce conflicts by clearly outlining the distribution of assets and the rationale behind those decisions.
- Tax Efficiency
Larger estates can be subject to significant estate and inheritance taxes. An estate plan can implement strategies to minimize tax liabilities, such as establishing trusts, gifting assets during the individual’s lifetime, or charitable donations.
- Business Continuity
Michigan business owners need to plan for their enterprises’ future. An estate plan can designate successors, outline management structures, and ensure the company operates smoothly after the owner’s death.
- Philanthropic Goals
An estate plan can include provisions for charitable giving, establishing foundations, or endowments that align with the individual’s values and ensure a lasting legacy.
- Incapacity Planning
Estate planning is about distributing wealth after death and managing it in the event of incapacity. Our clients can establish powers of attorney and healthcare directives to ensure their financial and personal affairs are managed according to their wishes if they cannot do so themselves.
- Special Needs Planning
Families with special needs members can create plans to provide for their care without jeopardizing their eligibility for government benefits. Special needs trusts are a standard tool used in such situations.
- Privacy
For those who value their privacy, an estate plan can help keep the details of the estate private by avoiding probate, which is a public process. Trusts and other instruments can manage asset distribution privately, keeping your information in the hands of only those who will benefit from it.
Effective estate planning facilitates the transfer of wealth across generations or to charity or other desired interests. Partnering with our estate planning lawyer in Oakland County ensures that your estate plan is legally sound, tailored to your needs, and designed to achieve your objectives. It’s an investment in your future and the future of your loved ones.
Contact Our Attorney at Douglas Kuthy today
Contact Douglas Kuthy today to discuss your estate planning needs during a free consultation. From there, we will schedule a meeting so you can start protecting everything you have worked so hard to achieve.
