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Tuesday, 27 December 2016

Tri-County Area FL Estate Planning Lawyer Offers Estate Tips

By April Madrid


Everyone should plan for the future, and that includes how assets are distributed upon an individual's death. Many people put off making a will because they believe they have plenty of time to do it. A good tri-county area FL estate planning lawyer will argue however, that you never know what the future holds.

It is not just senior citizens who need to have detailed, written instructions in case of a medical emergency or debilitating disease. Young adults and couples with minor children also should have a plan in place. Attorneys often advise clients involved in blended families, and single adults with no immediate heirs, to consider putting their affairs in order early on.

The probate attorney guides clients through the process of developing a plan that focuses on their goals. Understanding that each individual has unique circumstances, the firm does not use a cookie-cutter approach.

An experienced lawyer can provide clients with the information they need to make good decisions and to consider possibilities they may have overlooked. The client may want to designate a trusted friend or family member with power of attorney in case he or she becomes incapacitated and unable to make sound decisions for themselves for instance.

These attorneys will be familiar with the various types of trusts available. They can give advice and counsel with regard to what will best suit the client's needs.

There can be special provisions included to ease the tax burden of heirs and to provide an annual percentage of the inheritance to approved charities. Someone with special needs may have to be protected in the plan by requiring continued access to government benefits.

Careful consideration should be given when choosing an attorney. The person must be well qualified, experienced and have the client's best interests in mind at all times.




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