Understanding the benefits of estate planning. It's about more than money

Estate planning

Estate planning is meant to provide you with control over the future of your assets and property by preparing the necessary legal documents through an estate planning attorney. No matter where you are in life, you need a solid plan to get your estate in order and to ensure that your finances and property are managed in accordance with your wishes.
At Miami Lawyers Near Me, we are well aware of the importance of having an estate plan in place—not only for the security of your material possessions, but for your own peace of mind as well. The benefits that come with establishing an estate plan have little to do with finances and property and everything to do with putting your mind at ease in regards to the future.

Estate Planning

Planning for security and peace of mind

Control

Estate planning lets you decide and control how you want to distribute your estate. You get to set the parameters for what you want to do with the wealth you have accumulated over your lifetime. Without an estate plan, you essentially hand over control of your assets to the state.

Plan

With an estate plan in place, you're not only securing your own peace of mind, but that of your family and loved ones as well. An estate plan can let them know how to honor your wishes in the event of your incapacitation or death, saving them from any more worry or grief.

Prepare

Establishing the proper documents in your estate plan leaves you prepared should an illness or accident leave you incapacitated and unable to communicate. With an estate plan, you have the assurance that your affairs will be looked after according to your wishes.

Estate planning goes far beyond the future management of your financial assets and properties. A well-drafted estate plan covers every area that is important in your life. Whether it’s choosing a guardian for your children, establishing a yearly donation to a charity, or providing your consent for life-prolonging treatments, estate planning gives you the opportunity to decide on these crucial issues now, while you are still able to.

It may be a bit overwhelming to consider what will happen to everything you’ve accumulated over your life when you’re no longer here. However, with an estate plan set up, you can put your mind at ease knowing that your financial, medical, and familial affairs are all in order.

Estate Planning Miami

FAQ

Most frequent questions and answers

What should an estate plan include?

The object of an estate plan is essentially to protect any finances, assets, and properties that are under your name based on how you will want to have these distributed after your death. There are many ways for an estate planning attorney to go about this, and every client’s situation and goals are different. However, a majority of well-drafted estate plans include:

wills
trusts
health care directives
financial powers of attorney

What is considered an estate?

For some people, the word “estate” seems to connote vast properties and wealth. However, every person has an estate, no matter how grand or modest. An estate is comprised of all the property that is under your name when you pass away. Usually your property will take on two forms: real property (land, houses, buildings, etc.) and personal property (financial accounts, stocks, jewelry, etc.).

At what age should estate planning start?

There is a misconception that estate planning should take place when you are close to retirement or thereabouts. However, estate planning can provide certain securities for you at any age or station in life. A couple who just had their first child can use an estate plan to appoint a guardian. A family of modest means may decide to put their home in a trust to protect it from creditors. The reality is that estate planning has little to do with your age. It all depends on your personal circumstances and what you want for your future.

What happens if a person dies without an estate plan or a will?

If a person passes on without an estate plan or a last will and testament, it means that they have died intestate. As such, the intestacy laws of the state in which the deceased last resided will govern the management and distribution of the estate in question. In other words, the state will decide who your finances, assets, and properties will be transferred to upon your death.

(786) 209-0539

Estate planning

Estate Planning

Planning for security and peace of mind

Control

Plan

Prepare

Estate Planning Miami

FAQ

Most frequent questions and answers

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Boca Raton

561.486.4196

Miami

786.209.0539

Boca Raton

561.486.4196

Boca Raton

561.486.4196

Miami

786.209.0539

Boca Raton

561.486.4196

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