Wednesday, July 20, 2011


Family Succession Planning refers to the use of legal documents and recognized strategies to ensure that your property and possessions will pass to your loved ones after you are gone, and to provide for management of your own affairs in the event of temporary or permanent disability.

The practice includes:
  • Wills
  • Intestate succession
  • Real estate ownership - joint tenancy, life estates, LLCs
  • Trusts
  • Conservatorships and Guardianships
  • Powers of attorney
  • Medical directives and patient advocate documents
  • Lifetime gifts to children, grandchildren and others
  • Probate
  • Estate administration
  • Trust administration
  • Asset protection
  • Charitable bequests
  • Retirement accounts (pensions, IRAs, 401(k) plans)
  • Retirement planning
  • Elder law
  • Medicaid planning
  • Medicare issues
Because a small business is most often a family business, Business Succession Planning is also a significant topic that we will address here.

Site editor:
M. Sean Fosmire, Attorney at Law
1440 West Ridge Street
Marquette, Michigan 49855
(906) 226-2524
sfosmire AT garanlucow DOT com

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