Estate Planning Is Not Only For The Select Few
Some people think that estate planning is reserved for people with multiple real estate holdings, businesses or generational wealth to protect. Others believe estate planning is something only those in their golden years need to consider. The truth of the matter is that everyone over the age of 18 should consider establishing an estate plan.
Conversations About Estate Planning Can Be Awkward At First
An estate plan comprises several legal documents that address your wishes while you are alive, as well as other documents that address the distribution of your assets when you pass away. Advance directives are legal instruments that express your wishes for end-of-life health care if you are unable to speak for yourself. You can also create a durable financial power of attorney to authorize a trusted agent to act on your behalf for your financial matters if you become incapacitated while alive.
We will also help you understand the benefits of seeking life insurance or disability insurance to safeguard your loved one’s financial stability. If you own a business, we will strategize with you about transferring your business upon your disability, retirement or death.
Discussing The Need For A Will
An estate plan may also include a will to express your choice of a personal representative to take care of your final affairs and distribute your assets according to your wishes. If you are a parent with minor children, you may nominate your choice of guardian to care for your children. Without a will, your family could face avoidable frustration, disputes and confusion about your wishes. Additionally, your property will be subject to distribution according to Florida’s probate laws. If this is the case, your assets could end up being given to someone you did not intend.
We can also assist you with establishing several types of trusts, including land trusts, to safeguard your legacy. Trusts range from simple to complex, depending on your circumstances and family’s needs.
Let Us Help You With Your Estate Plan Or Probate
Estate planning frequently makes some people uncomfortable because it involves discussing the distribution of their estate when they die. At Brown & Associates Law & Title, P.A., we understand the roller coaster of emotions some clients experience when first discussing estate planning. But you deserve the peace of mind that comes with knowing you have planned for the stability of your family members when the time comes you are no longer here to provide for them.
If you and your family have recently lost a loved one, we can assist you with probate.