If you need an attorney in Broward to help with your Estate planning, or a Florida Estate planning lawyer, call us at (800) 337-7755 for a free consultation. We are happy to discuss your needs and see how we can best assist you. Whether you need a new will, an update or amendment to your will, a trust, a living will, medical authorization forms, a designation of your healthcare surrogate, or a durable power of attorney, we can help!
Estate planning is documenting how a person would like their assets distributed after death, and arrangements for things that may occur in their life, like illness, division of money, trusts, and life insurance. Though many people think of a will as settling all the necessary arrangements, estate planning can include other important decisions such as a living will, assigning a power of attorney and providing for your children. A Florida estate planning attorney can help the person complete estate planning to incorporate all the necessary decisions and the documents to legally record those decisions.
For estate planning in Florida, call us at (800) 337-7755 for a free initial consultation.What is a Will?
A will is a record of the person's wishes regarding how the assets should be divided or distributed upon their death. The person may name people, charities and other organizations, and businesses as beneficiaries. It generally specifies who the representative or executor is to help make sure your wishes are complied with. If you have children, it may specify who will be their guardian or how the money they get is held. The estate planning can get complicated when the person has valuable assets and wants to lessen the burden of taxes on the beneficiaries. Financial professionals and an experienced estate planning attorney can be very helpful during the estate planning process.What Does a Guardianship Have to do With Estate Planning?
A Guardianship in the sense of estate planning often applies if the person has children under the age of 18. The naming of a guardian and financial provisions for children are important components of the will of a parent. In addition to guardianship of minor children, people may use wills to name guardians to care for them if they would become incapacitated. Naming a guardian can prevent having your children become wards of the State or placed into foster care.Provisions if you Become Incapacitated
Other measures can be taken in estate planning to make provisions for care if the person becomes incapable of caring for themselves or their assets due to medical or other problems. Injury and chronic illnesses such as Alzheimer's disease can impact the person's ability to make decisions and take care of themselves. A Florida estate planning lawyer can help the person make the necessary provisions so that their health and financial interests are protected in case of injury or illness.Get a Living Will
A Florida living will documents the person's wishes regarding life-sustaining medical intervention. The living will dictates the person's medical treatment preferences in case the person becomes unable to make decisions due to an incapacitating health crisis such as a coma or advanced dementia. Planning these decisions with a living will eases the burden on family members who otherwise would have to make stressful decisions about medical care necessary to prolong life like tube feeding and mechanical ventilation.Getting a Power of Attorney
Estate planning in Florida can include the establishment of power of attorney. The person may need someone to act on their behalf for financial or healthcare decisions. A financial power of attorney and medical power of attorney can be two different individuals. The estate planning lawyer can assist in determining if these are necessary. Florida also allows a power of attorney to be durable; that is, your power of attorney may continue to have effect even if you become incapacitated.Hire a Florida Estate Planning Attorney
With all the facets of estate planning, obtaining the services of an experienced Florida estate planning attorney is the only way to ensure that the person's wishes are documented properly. The lawyer can make sure that the will and Florida living will include all the components that address the needs of the client.