Wednesday 28 December 2016

Tri-County Area FL Estate Planning Lawyer Offers Important Estate Tips

By April Madrid


Everyone should plan for the future, and that includes how assets are distributed upon an individual's death. Many people put off making a will because they believe they have plenty of time to do it. A good tri-county area FL estate planning lawyer will argue however, that you never know what the future holds.

People generally consider senior citizens when they think about people making a will but this is something that applies to all adults. Young families with children should take measures to secure the future of their little ones, especially regarding guardianship. For those with complicated relationships, like blended families, these types of documents are especially important.

One reason to have a personal representative in this area is to ensure specific needs and requirements are met on an individual basis. Everyone has a different set of circumstances that needs special consideration.

An experienced lawyer can provide clients with the information they need to make good decisions and to consider possibilities they may have overlooked. The client may want to designate a trusted friend or family member with power of attorney in case he or she becomes incapacitated and unable to make sound decisions for themselves for instance.

These attorneys will be familiar with the various types of trusts available. They can give advice and counsel with regard to what will best suit the client's needs.

There can be special provisions included to ease the tax burden of heirs and to provide an annual percentage of the inheritance to approved charities. Someone with special needs may have to be protected in the plan by requiring continued access to government benefits.

Careful consideration should be given when choosing an attorney. The person must be well qualified, experienced and have the client's best interests in mind at all times.




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