exactly is estate planning?
An estate plan is a detailed roadmap
for your future. Estate planning includes preparing
for your retirement, for the possibility of disability,
and for death. Considering the possibility of disability
or death is unpleasant, but leaving yourself or a loved
one without the proper care or financial resources can
be even worse.
How should I plan my estate?
When planning your estate you must
assess your current situation (finances, assets, health,
etc.) consider all of your options, determine what your
priorities are for the future, then set down a plan
to make that future a reality for you and your loved
ones. This process can be long and complicated, and
you may encounter a wide range of legal, financial,
emotional, and logistical problems. A lawyer who specializes
in estate planning can help make this process easier.
What are the benefits of estate
Estate planning allows you to have
complete control of your own affairs. You can give what
you want, to whom you want, when you want, regardless
of your mental or physical health. An estate plan can
help you save money on taxes, professional fees, and
court costs. Estate planning can outline instructions
for your care and the care of your loved ones if you
are hospitalized or disabled, allow you to have absolute
control of all your property, help you avoid probate
and the costs associated with it, create trusts for
your children and grandchildren, and keep you from losing
excessive money on estate taxes.
What if I don't plan for the future
of my estate?
In many cases you or your loved ones
could end up in court. This can be very costly, both
emotionally and financially. We highly recommend that
you sit down with a professional and plan your estate.
However, if you or a loved one has not planned your
estate and you currently find yourself in need of legal
assistance, we can help. Don’t let the State of
Florida (by the Intestacy Statute) decide where your
property goes at your death. Do something about it.
We can help.
Whom do I contact?
If you or someone you know would
like to have an attorney answer your questions about
estate planning, probate, or trust settlement, please
Schofner Law Firm.