Estate Planning in Florida
The process of estate planning changes from state to state, and those who live in Florida are in luck. Florida is one of the most tax-friendly states in the U.S. and offers a great deal of legal tools that can help one protect their property, minimize taxes, and ensure a comfortable future for their family.
For those in the process of estate planning, this is great news. When done properly, estate planning can completely remove one’s worries about the burdens of their estate in the event that they become incapacitated or passes away. With the help of an elder law attorney, the process can be made practically painless.
Drafting a will could be done on one’s own, but an elder law attorney can help a client determine what kind of will would be best for them. Trusts, however, are more complicated, and under Florida law revocable trusts must be drafted by a licensed attorney. It is best to just meet with an attorney to, once again, determine what type of trust is best, as there are many factors that play into creating a trust.
Asset protection is cushioned by liberal laws in the state of Florida. It’s best, however, to plan for a way to protect one’s assets before any problems arise, as legal action from another party could cause one problems in getting that protection on a later date.
With even more aspects of estate planning to consider like healthcare advance directives, probate, and power of attorney, it would be a mistake to not work with an elder law attorney. Elder law attorneys are not only knowledgeable, but genuinely care about their client’s needs, as these needs quite literally set up their future.
If you’re thinking about beginning your estate planning, contact an elder law attorney today.