Do you need to make a will? Most Americans don't think so. They think wills are only for people with millions of dollars in assets.
In reality, however, if you happen to be financially responsible for anyone, making a will is a very important thing to do. If you overlook this step, your assets will be distributed by Florida officials according to state guidelines, which probably won't line up with the needs of your dependent's or other loved ones.
You should have a TriCounty FL estate planning lawyer help you. It is important to have a financial planner as well - but if you have an estate planning attorney on your team, this professional can assist you in finding a financial planner and may even be able to handle these effort. Get a lawyer who is knowledgeable in Florida tax and probate laws - don't work with an attorney from any other area and if you wind up moving to another state, have your will reviewed and updated by an in-state attorney.
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 your estate will be taxed, the best planners will find out how to reduce your family's tax burden. This can be done by creating trusts - which is something that a seasoned attorney can easily take care of. You will additionally want to make an advanced directive or living will, particularly if your loved ones are not in agreement on this issue.
While you might not have a large estate that entails any major tax issues - making a will is still a good idea, and you want to get guidance for making sure that things are worded correctly so that your assets are passed down just as you want them to be. The choice of an attorney is a critical one, so consider more than advertising when making your decision.
In reality, however, if you happen to be financially responsible for anyone, making a will is a very important thing to do. If you overlook this step, your assets will be distributed by Florida officials according to state guidelines, which probably won't line up with the needs of your dependent's or other loved ones.
You should have a TriCounty FL estate planning lawyer help you. It is important to have a financial planner as well - but if you have an estate planning attorney on your team, this professional can assist you in finding a financial planner and may even be able to handle these effort. Get a lawyer who is knowledgeable in Florida tax and probate laws - don't work with an attorney from any other area and if you wind up moving to another state, have your will reviewed and updated by an in-state attorney.
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 your estate will be taxed, the best planners will find out how to reduce your family's tax burden. This can be done by creating trusts - which is something that a seasoned attorney can easily take care of. You will additionally want to make an advanced directive or living will, particularly if your loved ones are not in agreement on this issue.
While you might not have a large estate that entails any major tax issues - making a will is still a good idea, and you want to get guidance for making sure that things are worded correctly so that your assets are passed down just as you want them to be. The choice of an attorney is a critical one, so consider more than advertising when making your decision.
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