If you have a family and think you do not need a will - you are wrong. All adults should be thinking about estate planning and asset protection, but especially if you have children to provide for. And even more so for blended families.
No matter how small or large your estate is, the skilled lawyer can help you plan for the disposition of your property and the care of your minor children according to your desires. The experienced attorney understands the local laws and can assist with setting up and establishing guardianship, education expenses, medical care, and providing for living expenses. The planner accomplishes this by using a combination of trusts and insurance policies.
But the best estate planning lawyers also have some experience and training in financial planning and tax law. That way they can help counsel how to best plan to reduce the tax burden on your family. For the clients with medium and large estates, they can help protect assets and streamline tax burdens. They can also help with advance directives, in case you become incapacitated.
Make sure that you choose an attorney carefully. Choose an attorney with the plenty of experience and the proper legal insight.
Over fifty percent of Americans die without a will. This is known as dying intestate. In this situation, the state determines how your property is distributed and who will provide care for minor children.
These laws are based on archaic mechanisms designed hundreds of years ago as to how you want your property distributed - that may or may not resemble your actual wishes today. And many states disqualify some older wills or agreements - for example, Florida does not recognize oral wills and has constitutional protections for a spouse that prevents them from being completely disinherited by a will.
No matter how small or large your estate is, the skilled lawyer can help you plan for the disposition of your property and the care of your minor children according to your desires. The experienced attorney understands the local laws and can assist with setting up and establishing guardianship, education expenses, medical care, and providing for living expenses. The planner accomplishes this by using a combination of trusts and insurance policies.
But the best estate planning lawyers also have some experience and training in financial planning and tax law. That way they can help counsel how to best plan to reduce the tax burden on your family. For the clients with medium and large estates, they can help protect assets and streamline tax burdens. They can also help with advance directives, in case you become incapacitated.
Make sure that you choose an attorney carefully. Choose an attorney with the plenty of experience and the proper legal insight.
Over fifty percent of Americans die without a will. This is known as dying intestate. In this situation, the state determines how your property is distributed and who will provide care for minor children.
These laws are based on archaic mechanisms designed hundreds of years ago as to how you want your property distributed - that may or may not resemble your actual wishes today. And many states disqualify some older wills or agreements - for example, Florida does not recognize oral wills and has constitutional protections for a spouse that prevents them from being completely disinherited by a will.
About the Author:
Before you hire a trustworthy Tri-County Area FL estate planning lawyer, locals recommend that you check this professional's credentials online. To reach the law firm's main page, log on to http://www.trustwallach.com/.
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