Are you one of the many who have put off Estate Planning because you don’t have the time, or think you can’t afford to have legal documents prepared? If you die before you have made arrangements as to how you want your property and assets distributed, or if you become incapacitated or ill before you designate who your preferred health care agent or business agent should be, it may be the State of Florida, who ends up making these decisions for you.
Don’t put off for another day the future protection and safeguarding of your personal and real property. Don’t wait until it is too late to name the person you want to make health care decisions for you. Don’t be without an agent to conduct business on your behalf. Don’t Delay.
Make the call or send the email to schedule a consult with an Estate Planning Attorney. You will soon learn how simple and stress-free estate planning can be. It will be the best item you have ever crossed of your “To Do List”.
WHAT IS ESTATE PLANNING ?
Estate Planning is a fancy term for FUTURE PLANNING.
Estate Planning is:
– Planning your future in life and death;
– Planning for future health issues;
– Planning for future financial matters; and
– Distribution of your property upon your death.
ESTATE PLANNING CONSISTS OF THE FOLLOWING DOCUMENTS:
Last Will and Testament: A Will is a legal document that disposes of a person’s belongings after death. A will allows you to decide who inherits from you. You can leave money or property to your family, friends, or charities of your choice. If you have minor children, you name a guardian for them in your Will. Make it easy on those left behind by providing clear directions as to how you want your property distributed.
Trust: A trust is a document created by you to manage your assets during your lifetime and to either distribute the remaining assets after your death or to have a successor trustee continue to manage your property for the benefit of others. Several types of trusts can be designed to protect the interests of you and your loved ones. Having a trust allows you to avoid the probate process, and is less likely to be successfully challenged by others.
Advance Directives: Advance directives are legal documents which allow you to put in writing your wishes concerning any aspect of your health care, including the following:
Living Will: A living will is a document that allows you to make the decision as to what life prolonging (death delaying) measures you wish in the event that you have a terminal condition, an injury or condition resulting in an end-stage condition, or are in a persistent vegetative state. It can also dictate the type of pain management you wish to receive
Designation of Health Care Surrogate: This document allows someone you select to make health care decisions for you in the event that you are physically or mentally incapable of making those decisions for yourself. This person will typically have broad decision making authority to act in the best interest of the principal, including the authority to implement any Living Will wishes you have in place.
Declaration Naming Preneed Guardian: A preeneed guardian is a person named in a written declaration to serve as your guardian in the event of your future incapacity. Parents may also nominate a preneed guardian for their minor children in the event of their incapacity or death.
Durable Power of Attorney for Finances: This legal document authorizes an individual named by you (“agent”) to act on your behalf in financial matters, including buying and selling real estate, engaging in banking transactions, entering into contracts, investing, creating and revoking trusts, executing necessary tax returns and doing anything that you can do regarding your estate, property and business affairs.