Florida Estate Planning Attorney

No matter how old you are or how stable the condition of your health is, if you have assets, you should have a plan for what will happen to them in the event of your death. This is known as an estate plan. Your estate plan should include more than just who will receive your assets after you pass – it should include directives for your loved ones to follow in the event you become incapacitated.

Estate planning can be confusing, making it easy for many individuals to put it off, but its importance cannot be overstated. Instead, work with an experienced estate planning attorney to develop an effective plan that minimizes the stress and tax burden your loved ones will face after you pass away.

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Elements of Estate Planning

An estate plan has many elements. The following list delineates some of the most important:

  • Your last will and testament. This is the document that states how the assets that are solely in your name will be distributed following your death. It can also be used to name a guardian for your minor children and the executor of your estate;
  • Your advance medical directive. This document is used to instruct your loved ones regarding your medical care when you cannot make such decisions for yourself;
  • Beneficiary designations for your assets. You can designate a loved one, a close friend, or an organization as a beneficiary of your estate;
  • Power of attorney designations. These designations, much like your advance medical directive, state who will have the power to make decisions on your behalf when you cannot; and
  • A trust. This is an account you can use to protect assets from bankruptcy and certain tax requirements.

Not every estate plan will include all of these elements, so it will be important for you to discuss your specific needs with your lawyer to develop your estate plan. He or she may work with a financial adviser to develop the estate plan.

Not every estate plan will include all of these elements, so it will be important for you to discuss your specific needs with your lawyer to develop your estate plan. He or she may work with a financial adviser to develop the estate plan.


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Why Hiring an Estate Planning Lawyer is Important

When an individual dies without a will, his or her assets go through the probate process. This is the process through which the court determines the correct recipients for your assets according to state law. Developing an estate plan that clearly states your wishes for your assets’ distribution and your last wishes can make the probate process much less stressful for your family in the future. Your lawyer can also ensure that your will is valid, avoiding a dispute between your loved ones in the future.

Your lawyer can also help you alter your estate plan if necessary. This could be necessary if you have a child, get married, get divorced, or obtain assets after you create your initial estate plan.

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Work with an Experienced Orlando Estate Planning Attorney

Planning your estate can be a complicated, arduous process. Make it easier for yourself by working with an experienced estate planning lawyer. Contact The Law Firm of Hunter K. Goff, P.A. today to schedule your free consultation in our office. We are an experienced Florida estate planning firm that can help you reach your estate planning goals.

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