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 lawyers will never present estate plans that are pre-written but will instead discuss your goals and needs to design an individualized plan that is in line with your assets, your desires and your goals.
If your estate will be subject to tax, a good estate planner will help work on ways of reducing the tax burden to your family. This might involve the creation of trusts - which a good lawyer with advanced tax knowledge can handle easily. You should also consider making a living will or advance directive, especially if you have family members with conflicting strong feelings on the matter.
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.
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 lawyers will never present estate plans that are pre-written but will instead discuss your goals and needs to design an individualized plan that is in line with your assets, your desires and your goals.
If your estate will be subject to tax, a good estate planner will help work on ways of reducing the tax burden to your family. This might involve the creation of trusts - which a good lawyer with advanced tax knowledge can handle easily. You should also consider making a living will or advance directive, especially if you have family members with conflicting strong feelings on the matter.
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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