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.
The truth is that if you have anyone financially dependent on you, you need to look into making a will. If you do not, then the state of Florida will distribute your assets according to its guidelines - which may not match your wishes or the needs of your family.
You should connect with a TriCounty Area FL estate planning lawyer. You should also have a financial planner on your team - but an attorney who works in estate planning can help connect you with a good advisor or can assist with these needs as well. Be sure to select an attorney who understands Florida probate and tax laws - don't find a lawyer from another region and if you wind up moving to another state, think about having this document rewritten to match the needs of your new locale.
The best professionals are not going to offer pre-written plans for your estate, but will instead custom design your plan so that its in line with your goals and desires as well as with the level of assets that you own.
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.
Even if your estate is too small to involve tax issues, though, you should still make a will - and it is good to get advice on the correct way to word things to ensure that your family gets everything they need and which you want to pass down. The choice of a lawyer is an important decision and should not be based solely upon advertisement.
The truth is that if you have anyone financially dependent on you, you need to look into making a will. If you do not, then the state of Florida will distribute your assets according to its guidelines - which may not match your wishes or the needs of your family.
You should connect with a TriCounty Area FL estate planning lawyer. You should also have a financial planner on your team - but an attorney who works in estate planning can help connect you with a good advisor or can assist with these needs as well. Be sure to select an attorney who understands Florida probate and tax laws - don't find a lawyer from another region and if you wind up moving to another state, think about having this document rewritten to match the needs of your new locale.
The best professionals are not going to offer pre-written plans for your estate, but will instead custom design your plan so that its in line with your goals and desires as well as with the level of assets that you own.
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.
Even if your estate is too small to involve tax issues, though, you should still make a will - and it is good to get advice on the correct way to word things to ensure that your family gets everything they need and which you want to pass down. The choice of a lawyer is an important decision and should not be based solely upon advertisement.
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