Are you ready to write your will? A lot of Americans don't think they are. They think these documents are solely for those who have high-value assets and millions to pass on.
The truth is that if you have anyone financially dependent on you, you need to look into making a will. If you do not, then the state of Florida will distribute your assets according to its guidelines - which may not match your wishes or the needs of your family.
You should connect with a TriCounty Area FL estate planning lawyer. You should also have a financial planner on your team - but an attorney who works in estate planning can help connect you with a good advisor or can assist with these needs as well. Be sure to select an attorney who understands Florida probate and tax laws - don't find a lawyer from another region and if you wind up moving to another state, think about having this document rewritten to match the needs of your new locale.
A good lawyer will not present you with a pre-written estate plan but will talk to you about your goals, and design a plan that fits your desires and is appropriate to the amount of money and assets involved.
If you have to pay tax on your estate, the best planners will find ways to limit this tax debt. They can create trusts on your behalf - this is something that can be handled easily by attorneys who have advanced tax planning skills. You also want to think about having an advanced directive created, especially if your loved ones are arguing about the terms of your living will already.
Although your estate might be too modest to entail any real tax concerns - making a will is still important, and it is also vital to get knowledgeable advice on proper wording so that things are passed down just as you want them to be. Choosing a lawyer is a very important step and this is not something that you should do solely upon advertisements.
The truth is that if you have anyone financially dependent on you, you need to look into making a will. If you do not, then the state of Florida will distribute your assets according to its guidelines - which may not match your wishes or the needs of your family.
You should connect with a TriCounty Area FL estate planning lawyer. You should also have a financial planner on your team - but an attorney who works in estate planning can help connect you with a good advisor or can assist with these needs as well. Be sure to select an attorney who understands Florida probate and tax laws - don't find a lawyer from another region and if you wind up moving to another state, think about having this document rewritten to match the needs of your new locale.
A good lawyer will not present you with a pre-written estate plan but will talk to you about your goals, and design a plan that fits your desires and is appropriate to the amount of money and assets involved.
If you have to pay tax on your estate, the best planners will find ways to limit this tax debt. They can create trusts on your behalf - this is something that can be handled easily by attorneys who have advanced tax planning skills. You also want to think about having an advanced directive created, especially if your loved ones are arguing about the terms of your living will already.
Although your estate might be too modest to entail any real tax concerns - making a will is still important, and it is also vital to get knowledgeable advice on proper wording so that things are passed down just as you want them to be. Choosing a lawyer is a very important step and this is not something that you should do solely upon advertisements.
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