While many people don’t like to think about estate planning, it is one of the most important things you can do to protect your legacy and your family’s future. You may think to yourself, “I don’t have the kind of assets that would necessitate setting up a trust.” And while that may be true, it is still highly advisable to consider creating a will.
Though a will may be a reminder of your mortality, it will function as a legally binding document that will protect those you love in the most dire of circumstances. Having a will can allow you to be confident that assets will be dealt with in a manner of your choosing, and that your children will be cared for exactly to your wishes.
In the drastic event that something should happen to both you and your spouse, how else can you be sure that you have secured your children’s wellbeing? If a child is orphaned, and there is no will dictating the wishes of the parents, the law will decide who will assume guardianship. You can choose to safeguard your child’s future today.
Consider: Who will assume the role of administering your estate? While it may be the de-facto option for a spouse to fill that position, you may have different ideas about who will be able to carry out your wishes in the best manner. A will can allow you the opportunity to make those decisions ahead of time.
Do you want to pass down an heirloom music box to your daughter? Do you want to make sure that your brother gets that signed baseball from when you were kids? A will can give you the opportunity to ensure that things that you care about will go to the people you care about.
A will can also help to ensure that arguments don’t crop up in your family when it comes to distributing your assets. You can decide who takes over the house, who will get your car, or if you want your family to sell those things and then issue the funds amongst themselves.
Forming a will is a very inexpensive process, and it can provide you with the chance to make sure that the people you care about feel cared for.
Living wills are another focus of this office. A living will is a document that assures that your wishes are carried out in the event that you are incapacitated for any reason. Some of the things that a living will may cover can include, but are not limited to:
- Power of Attorney: A person that you may choose to have the legal right to make decisions on your behalf, or manage your assets when you are unable to do so.
- Healthcare Surrogate: A person who you may choose to make medical decisions for you if you are unable to do so.
- DNR: A Do Not Resuscitate order. This can protect you from invasive medical procedures that you don’t wish to have performed on you in an emergency.
Whatever your area of concern may be, estate planning decisions can’t be made after it’s too late. Choosing to take time to think about the future now will allow you to stay in complete control later on.
You can protect your house from taxes that will strip you of your legacy, ensure that your children are cared for, decide what your emergency medical decisions should be, and more.
From making sure that there’s a helping hand authorized to take care of your life when you’re unable to do so, to setting in stone the details of your life and how it may affect your loved ones — an estate plan will be able to keep your plans safe and make sure that your wishes are observed, no matter whether or not you can.
Our office can function as a one-stop appointment to make sure that when you leave all the scary scenarios have been accounted for. We would like to talk to you about ensuring the security of control over your life, and your plans for what happens after.
For more information on Estate Planning Law in Florida, an initial consultation is your next best step. Get the information and legal answers you are seeking by calling (407) 305-5599 today.
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