Estate Planning Services | T.L. Morson and Associates
Do You Really Need an Estate Plan?
The short answer is: yes. Many prospective clients tell us they think estate planning is only for the wealthy or elderly—but that’s a common misconception. The truth is, estate planning is for everyone, regardless of age or income level.
At T.L. Morson and Associates, we specialize in comprehensive estate planning services tailored to your needs, life stage, and family goals. Whether you’re starting a family, running a business, or preparing for retirement, having a plan in place protects what matters most.
Why Estate Planning Is So Important
An Estate Plan is not just about passing on your assets—it’s about maintaining control over your finances, medical care, and personal wishes both during your lifetime and after your death.
Without proper planning, important decisions about your estate, medical care, and dependents could be left to the courts or cause unnecessary stress for your loved ones.
Our Estate Planning Services
We provide a full suite of estate planning services to protect you, your family, and your legacy:
✅ Wills
A will outlines how your property is distributed after death. Note that wills do not avoid probate—the process is public and can be time-consuming. A well-drafted will ensures your wishes are legally honored.
✅ Revocable & Irrevocable Trusts
Trusts help bypass probate, maintain privacy, and ensure assets are distributed efficiently. Life changes like marriage, divorce, or death of a loved one are key triggers to create or revise your trust.
✅ Powers of Attorney (POA)
Grant someone you trust the legal authority to make financial or medical decisions on your behalf in case of incapacity. POAs are essential for anyone creating a modern estate plan.
✅ HIPAA Authorizations
A HIPAA agreement allows selected individuals to access your medical records without giving them authority to make medical decisions. It ensures clarity during emergencies or end-of-life situations.
✅ Funeral Representative Designation
Michigan law lets you name someone to handle funeral arrangements, ensuring your wishes are carried out.
✅ Buy-Sell Agreements
If you’re a small business owner, a Buy-Sell Agreement is essential to plan for the death or departure of a business partner. We’ll help structure agreements that protect your business continuity.
✅ Life Insurance Review
We assess whether you have too much or too little coverage based on your current goals. Life insurance is often a crucial piece of estate planning, especially for families with children or business owners.
✅ Beneficiary Designation Review
Many assets—like IRAs, 401(k)s, life insurance, and annuities—pass outside of your will. That’s why it’s vital to regularly review and update beneficiaries, especially after major life events like marriage, divorce, birth, or death.
Failing to update beneficiaries can result in your assets going to the wrong person (e.g., an ex-spouse).
Who Needs Estate Planning?
Estate planning is crucial if you:
- Have children or dependents
- Own property or a business
- Have life insurance or retirement accounts
- Want to avoid probate or reduce estate taxes
- Care about who makes your medical or financial decisions
- Want your wishes clearly documented and legally protected
Why Choose T.L. Morson and Associates?
At T.L. Morson and Associates, we take a personalized, client-centered approach to estate planning. We guide you step-by-step, from creating basic documents to implementing advanced planning strategies.
We bring:
- 📄 Legal and financial expertise
- 👨👩👧👦 Family-centered planning strategies
- 🔐 Privacy-conscious document preparation
- 📈 Business succession planning
- 🧾 Tax-aware strategies for wealth transfer
Let’s Secure Your Future—Today
Don’t wait for a crisis to start planning. A well-crafted estate plan offers peace of mind and long-term protection for your loved ones.
📞 Call T.L. Morson and Associates today to schedule a free estate planning consultation.
Protect your assets. Secure your legacy. Plan with confidence.