Lawyers often claim to have specialization in elder law and try to fool you with their complex legal language. Hearing those fancy words and falling for their vibrant canny smile pretty much influences your decision. However, that is certainly not the way you should be choosing your attorney. You want the planning for your future and the well-being of your loved ones to be perfect. Therefore, you need to rely on a CELA for your potential elder law Grand Rapids Michigan needs. Continue reading to find out more about it.
Who is a CELA?
As mentioned earlier, so many lawyers claim to be experts in elder law, so how do you choose the right and the genuine one? It’s easier than you think actually. All you have to do is find a lawyer with a Certified Elder Law Attorney (CELA) designation and you’ll be in the right hands. CELA designation is awarded by the National Elder Law Foundation to lawyers with a high level of knowledge, distinguished skill, and esteemed experience in elder law.
It is not easy to be a CELA, so when you find one, that’s the one you need for your elder law needs.
Why choose a CELA only?
Any lawyer with a CELA designation is bound to be the expert at every little thing elder law presents. Having specialized knowledge about estate planning, Medicaid planning, guardianship, etc. while having practiced relentlessly in the arena, gives a CELA an edge over other lawyers East Lansing. A CELA is bound to be updated with the latest developments in the field to provide its clients with comprehensive pieces of advice.
How to find a CELA?
The best way to find and connect with a CELA is by attending the various online workshops law firms organize. You can find information about various workshops on the internet by directly searching for them. Most of these workshops are online workshops you wouldn’t have to worry about leaving your place, you can attend them from the comfort of your home. You must communicate your queries and enquire about a CELA, hopefully you’ll find the right one.
About Castle Wealth Group Legal:
Castle Wealth Group Legal is one of the leading law firms in Michigan. They have a team of highly qualified attorneys, including attorneys with Certified Elder Law Attorney (CELA) designation. If you are looking for experienced and professional advice from some of the best elder law and estate planning attorney Grand Rapids MI, turn to them.
Get more information at https://michiganestateplanning.com/ now.
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Have you been delaying a will or a trust because you simply think that you have a lot of time on your hands? While it is great to be optimistic about things in life, you should also learn the consequences that you may face if you pass away without a will. The entire probate process can be quite time-consuming and costly for your family members. So, if you do not want them to struggle after you pass away, you should work with an estate planning attorney Michigan to get the right help and ensure that you distribute your assets according to the laws and regulations. If you fail to do so, they will be distributed based on the laws and not according to what you wish. So, let’s discuss more.
The state will decide who will receive the property
If you pass away without a will, all your property and assets will be distributed based on state laws. In most cases, the property will be distributed between your spouse and children. However, if you do not have a spouse or children, it will be distributed amongst other family members such as your siblings, parents, or other relatives. Even if you were legally separated from your spouse, they will get some portion of your property. Without a will, you cannot transfer your assets to your partner if you are not married.
The state will also distribute your money
You may have certain financial assets as well. In case you die without creating a trust with the best lawyers in Michigan, you will not have any say in your financial assets. So, if you have children from another partner and also have a spouse, or if your spouse has children with another partner, the spouse will only get 25% of the estate. They will also get half of the remaining money. The other half will be divided between the children. If you only have children and no spouse when you die, your children will get the entire estate.
If you have minor children, the state could also decide who the children will live with. To avoid such situations, go for estate planning.
About Castle Wealth Group Legal:
Castle Wealth Group Legal is one of the most reliable legal firms that can provide you with highly skilled Ann Arbor elder law experts. The attorney can work with you to craft an estate plan based on how you want to distribute your assets.
To get estate planning guidance, visit https://michiganestateplanning.com/
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Estate planning is crucial for all individuals who want to ensure their assets are rightly distributed according to their wishes when they are gone. It is a complex procedure that involves lots of legalities and documentation. Lots of people usually make mistakes in their plans that cause them unnecessary stress and complications later. In this article, we are going to talk about the most common pitfalls and how to avoid them with the help of Brighton law firms.
Procrastination: One Costly Delay
A significant pitfall in estate planning is procrastination. Many people put off updating their estate plans until it's necessary to do so. But trust us, you won't be getting the time when emergency strikes. This delay can leave your estate plan to vulnerable intestacy laws.
To avoid this pitfall, it is essential to prioritize estate planning regardless of your age and health status. Working with an elder law attorney Brighton MI can help you ensure that your estate plan reflects your current wishes and circumstances.
Failure to Update Estate Plans
Most people think that once they have made their estate plans, they are done with it. But life is dynamic, and circumstances can change before we even realize it. Failure to update estate plans during life events like marriage, divorce, death, or changes in financial status means failure to designate the right beneficiaries, wills, and trusts.
To prevent this mistake, you should review your estate plan periodically. Take the help of an elder law attorney if you are going through a change in your circumstances. Ensure that your estate plan remains relevant and effective over time.
Neglecting to Plan for Incapacity
One factor to consider in estate planning is incapacity. Many people distribute their assets thinking from the perspective of death. But they fail to consider the possibilities of incapacity. Without proper planning, they miss crucial things related to medical care, finances, and other important matters on the subject.
To avoid this, it is a must to incorporate directives such as living will, durable power of attorney, and healthcare planning into your will and estate plan. These documents are going to empower a trusted individual to make decisions on your behalf.
About Castle Wealth Group Legal:
Castle Wealth Group Legal is a firm that can be your trusted partner for estate planning and elder law lawyer Brighton services. Its team of experienced attorneys specializes in tax management, estate planning, probate, and more. It offers personalized solutions to plan and ensure your legacy with confidence.
For more information, visit https://michiganestateplanning.com/
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Many people think they have got everything covered when it comes to estate planning. However, in the web of elder law Grand Rapids Michigan legalities, every estate plan needs to be tough and truly bulletproof. Here we are looking at some of the common oversights you could be making, and what you can do to improve the estate plan.
Neglecting regular updates
In life, anything is possible, and that is the same with your circumstances. Perhaps the most common oversight people make is taking one plan and sticking with it forever. If you have drafted your will in your 40s, you cannot keep the same will when you have children later, or when you have accumulated assets. Marriages, births, divorces, and financial changes are always happening in life. And so, you should always keep updating your estate plan.
Forgetting Digital Assets
Digital assets are becoming more and more important right now. In the future, there is definitely a market for your assets. If you invest in financial accounts like stocks, or crypto, you must keep addressing these assets in your estate plan. If you haven’t done this already, your heirs will have many challenges in distribution.
Overlooking powers of attorney
Some people focus on wills and trusts and completely ignore the unsung hero of estate planning, i.e. power of attorney. If you don’t have a durable power of attorney for finances and healthcare, your loved ones can have problems managing your affairs. Ensure you've appointed a trustworthy estate planning attorney Grand Rapids MI to hold the keys to your financial and healthcare matters.
Ignoring beneficiary designations
Will is the first thing people prepare for asset planning, but many assets still pass outside through beneficiary designations. Things like life insurance policies, retirement accounts, and similar accounts have designated beneficiaries. You must review these updates so that it doesn’t lead to unintended consequences.
Forgoing a plan for Minors
It’s a mistake to assume that if something happens to you, your loved ones will automatically take care of your minor children. But without a designated guardian, it's not possible until the court decides who will take this role.
About Castle Wealth Group Legal:
Castle Wealth Group Legal helps with all the intricacies of elder law, and related services. The lawyers East Lansing can help you avoid probate, and nursing costs, and design a good estate plan to manage your assets.
Schedule a consultation now from Castle Wealth Group Legal at https://michiganestateplanning.com/
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People earn all their lives and collect assets like houses, properties, vehicles, etc. They do all this to have a resourceful life. The purpose of assets is not only to serve the owner, but upcoming generations as well. However, it is crucial to use the right tools to make sure that the people you want receive your assets once you pass away. For this, you can rely on a lawyer Brighton. Only a lawyer knows how you can keep your assets under your name. However, people make mistakes while handling their assets. They do not know how to rightfully transfer these assets. So, here are a few ways that you can use to avoid probate and manage your assets after your demise.
Joint Ownership:
One of the best ways to avoid probate is by using joint ownership. It is always suggested to use this method between married couples preferably. Joint ownership between husband and wife will be a good option. The survivor will automatically receive all the belongings as stated in the joint ownership documents after the demise of one.
Designated Nominee:
You always choose a nominee for your accounts and insurance coverage. Choosing a nominee is one of the best ways. Once you state a name, all the defined belongings will be transferred to that person. And there is no risk of complications because you name the nominee yourself. However, legalities should be kept in mind. Therefore, the best lawyers from the best Brighton law firms should be there to assist you. This way, the chances of errors and other problems will diminish.
Trusts:
Trusts are another way of transferring your belongings to your inheritors or the person you want to without going through probate. Trusts are created by you only. Once you pass away those trusts go under the ownership of the person you wanted and stated in your will. In this matter, you will need expert lawyers. Estate planning lawyers can make sure that the entire process goes smoothly. It is one of the best solutions for you to transfer your belongings safely, rightfully, and legally.
About Castle Wealth Group Legal:
Castle Wealth Group Legal assist you in these matters expertly. You can find the best elder law attorney Brighton MI, estate planning attorney, tax planning attorney, etc., here. Therefore, relying on this law firm for such matters is the best. Make sure to contact Castle Wealth Group Legal.
Get more details at https://michiganestateplanning.com/
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It is crucial to update and review your estate plan from time to time. Different situations in life can impact the plans for your life. Similarly, this can also impact the estate plan that you have. So, if your wishes have changed, it is essential to update your estate plan with the best lawyers in Michigan accordingly. If you are wondering what situations may require you to update your estate plan, keep on reading.
Family Status
Has your family status changed in recent times? Have you got married recently or gotten divorced? In any such situation, you should remember to update your estate plan accordingly. You should also update your estate plan if you have adopted a child, or your child is born. Even in case of the death of your family members, there is a need to update your estate plan.
Financial updates
Is there any increase or decrease in your assets in recent times? Have you experienced a change in your income or have your financial goals changed? Or there may have been any kind of real estate sales or business deals that may have changed your financial status. In any of these situations, you should update your estate plan with an estate planning attorney Michigan.
Relocation
If you have recently moved to a new state or country, you may need to update your estate plan based on the laws and regulations of the new state or country.
Health
Have you recently been diagnosed with an illness or disability that has impacted you badly? If you have noticed some health issues in recent times that may impact your decision-making skills, you should reconsider your estate plan and make the best updates that will be useful for your family in the future.
Relationships
There are some situations where people may face a fallout with the trustee or a guardian they have chosen. In such a case, you should update your estate plan as quickly as possible. This will help you avoid unnecessary hassle in the future. So, you should choose a different trustee or guardian quickly based on your current relationships.
It is crucial to review your goals from time to time and review your estate plans.
About Castle Wealth Group Legal:
Castle Wealth Group Legal is one of the most reputable companies that you can choose for getting Ann Arbor elder law services. All the solutions offered by this company are highly useful and the professionals working with them are extremely helpful.
To get estate planning solutions, visit https://michiganestateplanning.com/
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During your lifetime, you will need legal assistance in different ways. For instance, when your parents failed to create a legal will defining the authority to all their possessions after their death, you might need help from Ann Arbor probate lawyers.
Castle Wealth Group Legal is one service in Michigan that everyone needs. This law firm has been offering a range of legal services that help people at different stages. Once you start earning, you will need lawyers from this firm till and after your retirement. Hence, it is a perfect aid for everyone in the state.
Estate Planning Attorneys from This Firm are Brilliant:
Serving for Years:
You might have come across a lot of estate planning attorneys in your life. But did you find their assistance services satisfying? Maybe hardly. But if you are looking for satisfying services, you should connect with the best estate planning attorney Ann Arbor from Castle Wealth Group Legal. One of the biggest reasons to choose them is their experience. They have seen changes in legalities, framed their services accordingly, and provided the best to their clients. Their experience in the field is unmatchable. You should definitely take their help.
Keeping the Clients Informed:
Clients blindly trust their legal experts because they do not know much about legalities. However, it is also a part of the job of an attorney to keep the clients updated and informed about beneficial legal changes. The estate planning attorneys from Castle Wealth Group Legal believe in doing so all the time. They discuss the entire planning process with the clients. Conduct webinars and seminars for client's knowledge more. They even schedule meetings whenever their clients need them. As a result, they manage to build a harmonious relationship with their clients, which increases the level of satisfaction automatically.
Service Extension:
You might have met with an estate planning attorney Bloomfield Hills MI, because that's what you might have needed at the time. But with time, your requirements might increase. For instance, you might need legal assistance for your retirement, Medicaid, nursing home planning, and so on. Well, when your requirements exceed, you can consult with the best attorneys from Castle Wealth Group Legal. They can help you in this matter as well. If you want to extend the services, these attorneys from this law firm will make it easier for you. Hence, you can get all the required services in a single place.
Get in touch with https://michiganestateplanning.com/
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Are you looking for a reputable Michigan firm to help you with family planning and asset protection? Look no further than Castle Wealth Group Legal, the premier legal firm based in Michigan that has been dedicated to helping clients since 2005. Formerly known as The Elder Care Firm, Castle Wealth Group Legal is the perfect choice for anyone looking for a qualified probate attorney Livonia MI.
Why them?
Experienced team
At Castle Wealth Group Legal, clients have access to an experienced team of lawyers East Lansing who specialize in a variety of different legal services. From tax attorneys to estate planning, they have years of experience to ensure that you receive the best legal advice available. The team at Castle Wealth Group Legal also understands the unique challenges that come with family planning and asset protection, and they’re committed to providing clients with the best advice and solutions for their specific needs.
Competitive price
Aside from experienced legal counsel, clients who work with Castle Wealth Group Legal also benefit from competitive prices. The firm understands that legal services can be expensive, and they’re committed to offering fair and reasonable rates that fit within most budgets. They also understand the importance of finding the right solution to fit your needs and budget, so they’ll work with you to customize a plan that works for you.
Personalized service
In addition, clients can also benefit from personalized service when working with the team at Castle Wealth Group Legal. The firm takes feelings of pride in providing each client with individualized attention, so you can be sure that your specific needs and concerns are addressed throughout the process. They also understand that legal matters can be time-sensitive, so they are committed to providing timely solutions and answers as quickly as possible.
Your information is safe with them
Clients at Castle Wealth Group Legal can rest assured knowing their information is safe and secure. The firm is committed to protecting its client’s privacy, so you can be sure that your personal information is secure and protected throughout the entire process.
Conclusion
If you’re looking for a Michigan-based firm to help you with asset protection and family planning, look no further than Castle Wealth Group Legal. With 15 years of experience helping countless families avoid probate and other legal issues, this firm is the perfect destination for anyone seeking a qualified tax attorney Brighton MI.
For more details, visit https://michiganestateplanning.com/.
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Castle Wealth Group Legal is one of the most reputable legal firms working in Michigan that can assist you with estate planning, elder law, and retirement planning. Their estate planning attorney Ann Arbor has been helping families plan and protect their assets for a long time. Castle Wealth Group Legal is the right place for individuals who need guidance in these areas. There are several questions in people’s minds about Castle Wealth Group Legal. So, check out the answers to these frequently asked questions below.
What is Castle Wealth Group Legal?
Castle Wealth Group Legal is a renowned law firm that was founded in 2005 by Christopher J. Berry. The firm was first known as the elder care firmbut then they expanded their services, and the name was changed to Castle Wealth Group Legal in 2020. With more than 15 years of experience, this firm has established itself as a trusted name in the world of estate planning, elder law, and retirement planning.
What makes Castle Wealth Group Legal different?
When you check out the work that Castle Wealth Group Legal does, you will be stunned by their commitment. The team is led by Christopher J. Berry and consists of several dedicated Ann Arbor probate lawyers who have helped various families avoid probate and protect their assets in the past. They can help families with long-term care planning. This makes them the perfect choice for individuals who require the right solutions according to their circumstances.
Why should you consider estate planning?
If you are wondering why it is important to go for estate planning with the experts of Castle Wealth Group Legal, you must do it to ensure that your assets are distributed according to your wish after your passing. In this process, the team of Castle Wealth Group Legal will help you identify your goals and develop strategies according to them. They will choose the perfect tools that will help achieve your goals efficiently. The team of this legal firm helps their clients create estate plans according to their unique requirements.
What services are offered by Castle Wealth Group Legal?
Castle Wealth Group Legal provides a wide variety of services such as estate planning, elder law and asset protection, nursing home protection, and much more. They offer these services according to the financial and legal goals of individuals.
If you are looking for guidance from an estate planning attorney Bloomfield Hills MI, contact Castle Wealth Group Legal today.
To get help with retirement planning, visit https://michiganestateplanning.com/
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