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Troy Will Lawyer Explains How to Handle Estate Planning Without Close Relatives

Posted by Andrew Byers | Nov 17, 2023 | 0 Comments

Many people mistakenly believe that without direct heirs—like children or grandchildren—there's no need for estate planning. However, the reality is quite different. Even if you don't have immediate family to inherit your assets, deciding how your estate will be distributed is crucial. If not, you might be surprised at who ends up with your hard-earned assets.

The Default: The State's Plan

If you pass away without a Last Will and Testament or other estate plan in place, you are considered to have died "intestate." In such cases, state laws dictate how your assets are distributed. And if no relatives can be found, your assets could end up going to the State of Michigan. That's right: the money and property you've accumulated over your lifetime might end up in the state's coffers.

The Power of Estate Planning

By creating an estate plan, you take control. You can decide precisely where your assets go, whether it's to distant relatives, friends, or charitable organizations that resonate with your values.

Charitable Giving

Even if you don't have direct heirs, you can leave a lasting legacy through charitable donations. Whether you're passionate about animal welfare, education, medical research, or the arts, your estate can make a significant impact.

Friends and Distant Relatives

Just because you don't have immediate family doesn't mean there aren't people in your life who've made a difference. Consider leaving portions of your estate to close friends, mentors, or even distant relatives such as cousins or aunts and uncles.

Establish Scholarships or Foundations

Your legacy can live on by establishing scholarships in your name or creating a foundation that supports causes close to your heart.

The Importance of Legal Guidance

Estate laws can be complex, especially when navigating them without direct heirs. An experienced Troy Will lawyer can provide valuable guidance, ensuring your wishes are honored and your assets are distributed as you see fit.

Getting Help

Remember, doing nothing isn't a neutral choice. Without an estate plan, you leave the fate of your assets up to state laws, and the state might become the unintended beneficiary. Take control, and ensure your legacy is preserved as you desire.

If you're unsure where to start or have questions about estate planning without direct heirs, our team is here to assist. Reach out to Troy, Michigan Will lawyer Andrew Byers at (248) 469-4261 for guidance tailored to your unique situation.

About the Author

Andrew Byers

Andrew Byers' elder law practice focuses on the legal needs of older clients and their families, and works with a variety of legal tools and techniques to meet the goals and objectives of the older client. Under this holistic approach, I handle estate and longevity planning issues and counsel cli...

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Andrew Byers is an estate planning, elder law, and probate attorney in Troy, Michigan with 27 years of practical experience you can use to safeguard your savings and protect yourself. I strive to help my clients avoid and solve problems with clear, effective, and affordable legal services and counsel. I advise clients in Troy, Michigan and surrounding communities in Oakland County and the rest of Metro Detroit. Take the first step to obtaining peace of mind by contacting me using the online form or by calling (248) 469-4261.

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