If you have a family and think you do not need a will - you are wrong. All adults should be thinking about estate planning and asset protection, but especially if you have children to provide for. And even more so for blended families.
It does not matter how small or large your assets are. An attorney can help you plan for your children and the disposition of your property. The only way to provide guardianship for minor children is through a Will. The lawyer will also ensure your children will be provided living expenses, education, and medical care. This is typically done through trust instruments and insurance policies.
A qualified attorney will have financial and estate planning experience in addition to knowledge and experience in tax laws. These professionals can help you plan and decrease your tax burden. If you have a few or many assets, these attorneys help reduce the weight of the tax and protect the assets. In addition, they provide advance directives in the event the client is incapacitated.
It is important to choose an attorney carefully. Look for someone who has a wide range of experience and possesses the right amount of legal shrewdness.
Fifty five percent of Americans die intestate. This means that they did not have a Will. In these cases, the state will determine the line of inheritance for property. If you have minor children, the state will also decide who will care for them.
These laws are based on archaic mechanisms designed hundreds of years ago as to how you want your property distributed - that may or may not resemble your actual wishes today. And many states disqualify some older wills or agreements - for example, Florida does not recognize oral wills and has constitutional protections for a spouse that prevents them from being completely disinherited by a will.
It does not matter how small or large your assets are. An attorney can help you plan for your children and the disposition of your property. The only way to provide guardianship for minor children is through a Will. The lawyer will also ensure your children will be provided living expenses, education, and medical care. This is typically done through trust instruments and insurance policies.
A qualified attorney will have financial and estate planning experience in addition to knowledge and experience in tax laws. These professionals can help you plan and decrease your tax burden. If you have a few or many assets, these attorneys help reduce the weight of the tax and protect the assets. In addition, they provide advance directives in the event the client is incapacitated.
It is important to choose an attorney carefully. Look for someone who has a wide range of experience and possesses the right amount of legal shrewdness.
Fifty five percent of Americans die intestate. This means that they did not have a Will. In these cases, the state will determine the line of inheritance for property. If you have minor children, the state will also decide who will care for them.
These laws are based on archaic mechanisms designed hundreds of years ago as to how you want your property distributed - that may or may not resemble your actual wishes today. And many states disqualify some older wills or agreements - for example, Florida does not recognize oral wills and has constitutional protections for a spouse that prevents them from being completely disinherited by a will.
About the Author:
Before you hire a trustworthy Tri-County Area FL estate planning lawyer, locals recommend that you check this professional's credentials online. To reach the law firm's main page, log on to http://www.trustwallach.com/.
