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GALLOWAY AND COLLENS, PLLC
FIRM OVERVIEW
SACRN MEETING
APRIL 14, 2016
WHY HAVE AN ESTATE PLAN
 Control legal and financial affairs
 Orderly administration and distribution
 Disinheritance
 Charitable giving
POWERS OF ATTORNEY
 Durable Power of Attorney
 Patient Advocate Designation
 HIPAA Release
PROBATE COURT DURING LIFE
 Guardianship
 Conservatorship
DYING WITHOUT A WRITTEN
PLAN
 Intestacy - Spouse is given preference
 Who are the Heirs?
DYING WITH A WRITTEN PLAN
 Non-Probate and Probate transfers
 Having a Will allows:
• Control of administration and distribution
• Personal Representative
• Disinheritance
• Planned Giving
• Fiduciary Access to Digital Assets
THE PROBATE PROCESS
 Admission and administration of an estate
under a will
 Determining and preserving assets
 Notice to creditors and payment of claims
 Inventory
 Fees
 Timeframe
REVOCABLE LIVING TRUST
 Privacy
 Control administration and distribution
 Probate Avoidance
 During life
 After death
 Michigan Trust Code
 Inheritance taxable estates
LONG TERM CARE PLANNING
 Medicaid
 Disability
 Veteran's Benefits
 Quality of Care Issues
- Image from - http://insurance.lovetoknow.com/image/129168~medicaid.jpg
ELDER ABUSE
 Physical/Emotional
 Financial
Image from - http://www.michiganhomecareguide.com/community-resources/no-excuse-for-elder-abuse/
REAL ESTATE
 Represents Property Owners and Buyers
 Works with Real Estate Professionals
 Brokers
 Title Companies
 Property Managers
 Litigation
 Transactions
 Quiet Title
 Landlord Tenant Law
 Distressed Properties
Presented by:
HOWARD H. COLLENS
GALLOWAY AND COLLENS, PLLC
26075 WOODWARD AVENUE
SUITE 200
HUNTINGTON WOODS, MICHIGAN 48070
(248) 545-2500
GALLOWAYCOLLENS.COM
Howard@GallowayCollens.com
Twitter: @howardcollens
@ProbateLawMI

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Galloway and Collens, PLLC Firm Overview

  • 1. GALLOWAY AND COLLENS, PLLC FIRM OVERVIEW SACRN MEETING APRIL 14, 2016
  • 2. WHY HAVE AN ESTATE PLAN  Control legal and financial affairs  Orderly administration and distribution  Disinheritance  Charitable giving
  • 3. POWERS OF ATTORNEY  Durable Power of Attorney  Patient Advocate Designation  HIPAA Release
  • 4. PROBATE COURT DURING LIFE  Guardianship  Conservatorship
  • 5. DYING WITHOUT A WRITTEN PLAN  Intestacy - Spouse is given preference  Who are the Heirs?
  • 6. DYING WITH A WRITTEN PLAN  Non-Probate and Probate transfers  Having a Will allows: • Control of administration and distribution • Personal Representative • Disinheritance • Planned Giving • Fiduciary Access to Digital Assets
  • 7. THE PROBATE PROCESS  Admission and administration of an estate under a will  Determining and preserving assets  Notice to creditors and payment of claims  Inventory  Fees  Timeframe
  • 8. REVOCABLE LIVING TRUST  Privacy  Control administration and distribution  Probate Avoidance  During life  After death  Michigan Trust Code  Inheritance taxable estates
  • 9. LONG TERM CARE PLANNING  Medicaid  Disability  Veteran's Benefits  Quality of Care Issues - Image from - http://insurance.lovetoknow.com/image/129168~medicaid.jpg
  • 10. ELDER ABUSE  Physical/Emotional  Financial Image from - http://www.michiganhomecareguide.com/community-resources/no-excuse-for-elder-abuse/
  • 11. REAL ESTATE  Represents Property Owners and Buyers  Works with Real Estate Professionals  Brokers  Title Companies  Property Managers  Litigation  Transactions  Quiet Title  Landlord Tenant Law  Distressed Properties
  • 12. Presented by: HOWARD H. COLLENS GALLOWAY AND COLLENS, PLLC 26075 WOODWARD AVENUE SUITE 200 HUNTINGTON WOODS, MICHIGAN 48070 (248) 545-2500 GALLOWAYCOLLENS.COM Howard@GallowayCollens.com Twitter: @howardcollens @ProbateLawMI