Michigan Estate Planning Attorney
Estate planning is important to not only prepare for the inevitable but to also have a plan in place in the event of an emergency. Estate planning gives you control over your assets and how they’ve managed both during and after your life. An experienced estate planning attorney ensures that your wishes are honored and that you’re protected against legal issues involving probate or estate litigation.
At Sean J Nichols, PLLC we can help:
- Ensure a comfortable future for your family
- Legally document your last wishes
- Plan a comfortable future for a child with special needs
- Reduce taxes such as gift, income, or estate taxes
- Protect your assets against creditors, lawsuits, etc.
- Delegate Power of Attorney for healthcare/finances
- Protect the inheritances of your heirs
Our law firm has years of experience helping individuals and families navigate issues related to estate planning in Michigan. Regardless of the complexity of your situation, Sean J Nichols, PLLC is dedicated to making this process as straightforward and efficient as possible while covering individual needs.
Call and talk to an estate planning lawyer today (734) 386-0224
Why Hire Us?
Our law firm is dedicated to helping families across Michigan plan a comfortable future. We are dedicated to client success and pride ourselves on making estate planning as simple, straight forward, and affordable for our clients as possible. We do not push unnecessary or overly complex plans on our clients.
On the other hand, for issues that do require more complex planning such as large estates, family members with special needs, or issues involving legal disputes or litigation, our law firm has the knowledge and experience to effectively handle these cases as well.
Top Rated Estate Planning Attorney
Attorney Sean Nichols has dedicated his legal practice to helping senior citizens and families with legal issues involving aging. Throughout this time, he’s achieved a perfect 5 star consumer rating among clients. This includes multiple attorney review sites over the course of several years.
How We Can Help
A good estate planning attorney understands that an estate plan is unique to each individual’s situation. Some plans are fairly straightforward such as drafting a will while others dictate more comprehensive planning (i.e. special needs trusts, tax planning, issues with inheritance, etc).
At Sean J Nichols, PLLC we specialize in many aspects of estate planning. These aspects include, but are not limited to the following:
Client Reviews & Testimonials
I have been so satisfied with Sean’s service. Very thorough and makes you feel so comfortable. I would recommend him to anybody.
Sean helped me set up an estate plan for myself, my business, and my family. He’s a very knowledgeable attorney who makes things simple and straight forward to clients.
I would absolutely recommend Sean Nichols for anyone looking for help with elder law, estate planning, or probate matters.
Sean is a very talented elder law attorney who cares about his clients. His knowledge of the law and dedication to his craft is exceptional.
I thought my sister’s estate would take years but Sean took care of my sister’s estate very well and quickly. And he has written my trust and will and done a very good job. Everyone is very happy with him.
Wills and Trusts
There are many benefits in establishing a will or trust. These benefits include: avoiding issues in probate court, ensuring your final wishes are legally documented, and much more. An experienced estate planning attorney can help set up a trust or draft a will that’s aligned with someone’s final wishes and is unique to their individual situation. Here’s a brief overview on the difference between a will and trust and how each document can assist you in planning your future.
Drafting a will is an essential component that dictates what happens to someone’s property after they pass away. These documents help in minimizing or avoiding probate. The most common type of will is known as the Last Will and Testament; this takes effect immediately after someone passes away. There are several other types of wills as well as other legal matters pertaining to this document that our law firm handles.
Regardless of your age or the amount of property you own, almost everyone should draft a will as soon as possible. According to Michigan Legal Help,
“If you own any property or have children under 18 years of age, you may want to create a will. In your will, you can choose who will receive your property. You can also choose someone you trust to act as the “personal representative” for your estate.” (Michigan Legal Help, 2020, I Need to Make a Will).
It’s important to use an attorney to establish your will to reduce potential legal issues with the document. These legal issues may include the will being contested in court.
A trust takes effect as soon as they’re created. There are many aspects involved with trusts; however, the main purpose is generally to provide funding to a loved one throughout the course of their life, hence the name “trust fund.”
Our law firm provides comprehensive legal guidance to trustees as well as beneficiaries named within the document.
Michigan Estate & Inheritance Taxes
Although Michigan technically does not collect estate or inheritance taxes, there are cases where individuals may be required to pay certain taxes after receiving assets.
For instance, very large estates may have a federal estate tax associated with them. In other cases, someone may receive a tax bill from another state if the deceased individual legally resides outside of Michigan.
Sean J Nichols provides comprehensive legal guidance on issues involving estate taxation.
Guardianship and Conservatorship
Our law firm is experienced in legal issues involving adult or child guardianship as well as conservatorship. Here’s a brief overview of the two separate entities:
Guardianship – Simply put, when someone is appointed as a legal guardian over another individual, this means they are in charge of making decisions on their behalf. Guardianship is not always straightforward. guardianship over minors or individuals with special needs involving government benefits have specific legal requirements.
Conservatorships – Similar to guardianship, conservatorship involves appointing a responsible individual to care for another person. Conservatorships are most commonly appointed in cases where someone is mentally ill, suicidal, incapacitated, and other urgent circumstances. It may be necessary to establish a conservatorship over an elder’s estate when proper estate planning documents have not been established.
Complex Estate Plans
Certain situations may require more complex planning outside setting up a will or trust. These situations may involve high asset planning, tax minimization strategies, or providing long term care for an adult or child with special needs.
Our law firm handles basic estate plans as well as more comprehensive estate planning strategies. Below are common examples of complex planning strategies we assist clients with.
Business Succession Planning
Establishing a business succession plan allows for someone to transfer ownership of a legal entity (business) to another individual after retirement. Estate planning is an especially important aspect for business owners and entrepreneurs to ensure their business is protected should they become unable to manage it.
Asset Protection Planning
With your estate plan you can tell your family and the law how you want your property to be divided. If you do not declare the method in which your property is supposed to be divided, the court simply passes on the property to your closest relatives, spouse, and children respectively. This can lead to a number of conflicts arising amongst your family, especially if you have been married more than once or if you are divorced. We help to ensure assets are properly protected and divided after one’s passing or in the event of incapacity.
Medicaid is a mostly federally-funded program administered by the state which pays for the cost of a nursing home after certain criteria are met. Initially, Medicare pays for skilled nursing care for the first few months. Sadly, some folks must enter a nursing home for extended care and this situation becomes extremely expensive. We help families and their loved ones obtain affordable nursing home medicaid.
Regardless of the complexity of your situation, our law firm can help ensure proper protection of your assets and to plan a comfortable future for yourself and your loved ones.
Common Estate Planning Questions
As an estate planning lawyer with years of experience, there’s a pattern of frequently asked questions from both clients, and the general public. On this page, I’m going to address some of these common questions.
Estate Planning Attorney In Plymouth, MI
The law offices of Sean J Nichols, PLLC is located in Plymouth, MI. We work with clients in Livonia, Romulus, Garden City, Northville, Canton, and many other cities within Southeast Michigan. Our role is to use our knowledge, expertise and experience to craft the right plan for you.
If you or someone you know needs help with an estate plan, talk to an experienced Michigan estate planning attorney today. (734) 219-9798