Avon Park, FL Estate Planning
Whether you are a young Avon Park family or further on in life, it is never too early to begin planning for the future and security of your loved ones. Difficult questions arise such as:
- Who will make medical decisions for me?
- Who will handle my finances?
- How can I leave a legacy to my loved ones?
Confronting these questions head on and making the proper legal arrangements with an estate planning attorney will ensure that your wishes are followed and that your loved ones will not have to engage in a difficult probate process.
What is Estate Planning?
Estate planning is an all inclusive term that refers to addressing matters of how property, money, and planned giving will be handled and distributed after your death. The first step in this process is to create a will. A will is the master legal document executed by a Florida estate planning lawyer that instructs the court about your intentions for your property and assets. Without this official legal document, the probate court will decide who gets your property. Many times the courts' decisions are based on laws that govern Avon Park and may not align with your intentions.
Establishing a will is just the first step to estate planning. Evaluating tax liability and finding solutions to minimize it is another strategy applied in estate planning. If you own real estate or substantial wealth, there are ways to minimize taxation and paperwork associated with transferring ownership of those types of assets.
Estate planning also involves the establishing of a health care surrogate, who is able and willing to make financial and health care decisions for you in the event that you become temporarily or permanently unable to make those decisions. Avon Park, FL estate planning attorneys can create this document, commonly referred to as a living will.
Our Florida Estate Planning Team
The team of estate planning lawyers at Family Elder Law, work hard to simplify Florida estate planning, both financially and emotionally. We listen to what's important to you and work to make that happen. To learn more about planning your estate and/or to make an appointment, contact us today.