Michigan Estate Planning Questionnaire

State:
Multi-State
Control #:
US-Q1014
Format:
Word; 
Rich Text
Instant download

Description

This form addresses important considerations that may effect the legal rights and obligations of the parties in an estate planning matter, such as wills, trusts, healthcare documents, deeds, and more. This questionnaire enables those seeking legal help to effectively identify and prepare their issues and problems. Thorough advance preparation enhances the attorneys case evaluation and can significantly reduce costs associated with case preparation.



This questionnaire may also be used by an attorney as an important information gathering and issue identification tool when forming an attorney-client relationship with a new client. This form helps ensure thorough case preparation and effective evaluation of a new clients needs. It may be used by an attorney or new client to save on attorney fees related to initial interviews.


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FAQ

Estate planning in simple terms refers to the passing assets / investments down from one generation to another. You decide how much of your estate be it property(s), car(s), personal accolades, financial investments, etc. you want to pass on to whom and how, after your demise.

An estate cannot be closed in less than five months from filing. The estate's creditors must be notified of the decedent's death. They are given a four-month period to file their claims against the estate.

The estate must have been open for at least five months. Required notice to creditors was published at least four months prior to closing. The inventory fee was paid.

How does the executor's year work? The executors have a number of duties to both creditors and beneficiaries during the administration of the deceased's estate. Starting from the date of death, the executors have 12 months before they have to start distributing the estate.

The attached Estate Planning Questionnaire is designed to help you organize your personal and financial information, to help us effectively assess your goals and circumstances, and to enable us to recommend an estate plan that will work for you and your family.

Five of the Most Common Estate Planning Questions AnsweredWhat is the difference between a will and a trust? Wills and trusts have some similarities.What is Power of Attorney?Do I need to create a medical directive?When should I make updates to my estate plan?I'm worried my family will contest my will.

This initial estate planning questionnaire is presented in a narrative form. The detailed explanations and the space provided for answers are designed to garner more complete and helpful information than would be afforded by merely filling in blanks.

Wait Six Months (or sometimes longer) By law the Executor has to hold onto estate assets for six months from the date Probate is granted, and cannot pay out any money to the beneficiaries before this time is up.

An estate cannot be closed in less than five months from filing. The estate's creditors must be notified of the decedent's death. They are given a four-month period to file their claims against the estate.

Wills, Trusts & Estate. Planning Team. The attached Estate Planning Questionnaire is designed to help you organize your personal and financial information, to help us effectively assess your goals and circumstances, and to enable us to recommend an estate plan that will work for you and your family.

More info

How to fill out and edit the Michigan Estate Planning Questionnaire and Worksheets using SellMyForms · Complete the template using built-in guides and tips ... The Estate Planning Questionnaire and Worksheets - Michigan is a writable document you can get filled-out and signed for specific purposes.The Estate Planning Must-Haves ? Here is an estate planning checklist of items every estateas long-term care insurance to cover old age, a lifetime ... Please complete all sections in this Questionnaire using approximations when necessaryESTATE PLANNING QUESTIONNAIRERochester Hills Michigan 48307. Who you designate is a complicated legal question, and should only be done after consultation with an estate planning attorney. Do not take the advice of your ... Identify a complete list of documents that will be required including the Last Will, Trust or Trusts, Powers of Attorney, Medical Advocate Forms ... When estate planning documents are not filled out properly, or include ambiguous language, it can create questions for your estate administrator ... Save Time and Get Organized · Checklist: Info You Will Need · Questionnaire: How Do You Want Your Estate Divided? · Next Steps. She works with each client to prepare a custom estate plan that meets the client'sIf you fill out our estate plan questionnaire and bring it with you, ... We will retain this document as part of your permanent file in our office, but be assured that all of the information you furnish is strictly confidential, and ...

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Michigan Estate Planning Questionnaire