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How to protect your family with estate planning with Sean Parent
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Sean Parent is an estate planning and business planning attorney.
He helps families protect their assets and ensure that their wishes are carried out after their death. In this episode, we walk you through the steps you can take to get started protecting your family's financial future and make sure your wishes are honored when you die.
1. The first step in estate planning is to have a will. This document states who will inherit your assets and who will take care of your children if you die.
A will can be handwritten, but it is always best to have it drafted by an attorney.
2. A trust is a more sophisticated estate planning tool that can help you avoid probate and control how your assets are distributed.
A trust can be used to provide for your children, protect your assets from creditors, and reduce estate taxes.
If you have assets, it is important to have an estate plan in place. This will protect your loved ones and ensure that your wishes are carried out.
Here are some additional insights from the conversation:
A holographic will is a handwritten will that is valid in Michigan. However, it is always best to have a will drafted by an attorney to ensure that it is valid and enforceable.
A comprehensive estate plan can help you save your loved ones money in the long run. Probate can be a costly and time-consuming process, and a trust can help you avoid it.
If you have any questions about estate planning, it is important to speak with an attorney. An attorney can help you create a plan that meets your specific needs and goals.
The best place to contact Sean is at www.Slparentpc.com
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