Probate Avoidance Plan
Answers to some common questions about our Probate Avoidance Plan.
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How does a Probate Avoidance Plan work?
A Probate Avoidance Plan uses a combination of documents and strategies to distribute your estate without probate. All assets are arranged to transfer on death to specific beneficiaries without a trustee or executor being appointed to manage the estate. This results in convenient estate administration at a lower cost than using a revocable trust.
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What documents are included?
A Probate Avoidance Plan includes these documents:
- "Guide to Avoid Probate in Michigan"
- Deed to transfer property to beneficiaries upon death
- Assignment of personal property
- Transfer-on-death business registration agreement
- Last will & testament
- Power of attorney
- Healthcare directive
- Appointment of funeral representative
- Estate planning roadmap
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Who is this plan designed for?
A Probate Avoidance Plan is suitable for anyone who meets these criteria:
- Desires to avoid probate
- Has relatively simple estate planning needs
- Has relatively few beneficiaries to receive their property
- Has all adult persons or charitable organizations as beneficiaries
- Does not require a trustee to administer their estate
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What are the benefits of this plan?
A Probate Avoidance Plan is designed to provide these benefits (which may vary in each case):
- Avoid probate at a lower cost than using a trust
- Coordinate all assets to be distributed upon death
- Designate personal property to be given to specific persons
- Make charitable gifts
- Disinherit specific persons
- Appoint an executor to handle probate proceedings, if necessary
- Appoint an agent under power of attorney to make financial decisions, and handle digital assets
- Appoint a patient advocate to make medical decisions, including withdrawal of life support
- Appoint a funeral representative to carry out your funeral and burial instructions
- Prevent family disputes
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What services do we provide?
We provide the following services with this plan:
- Consultation to create your plan
- Custom document drafting
- Consultation to review documents
- Witness and notarize documents
- Deed recording
- Document binding
- Scan documents to flash drive
- Delivery of original documents and copy on flash drive
- Follow-up consultations as necessary to implement plan
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How much does this plan cost?
Our fees for this plan -
Single Person: $1,750
Two Persons: $1,950