Call or Text Us: 689-677-3233 Email: info@clarklawpllc.com Hablamos Español
Call or Text Us: 689-677-3233 Email: info@clarklawpllc.com Hablamos Español
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Estate planning is the process of arranging and preparing for the distribution and management of an individual's assets and properties after their passing. It involves creating legal documents such as wills, trusts, and powers of attorney to ensure that one's wishes are followed and their loved ones are protected. Estate planning also encompasses strategies to minimize taxes, preserve wealth, and plan for potential incapacity or disability.
An estate refers to the total net worth of an individual, including their assets, properties, investments, and liabilities. It encompasses everything that a person owns, both tangible and intangible. This can include real estate, bank accounts, investments, personal belongings, business interests, and more
If you die without a will, your assets will be distributed according to the laws of intestacy in Florida. This means that the state of Florida will determine who inherits your property based on a predetermined order of priority, which may not align with your wishes. The process can be lengthy, expensive, and may lead to disputes among family members.
You should consider changing your estate plan whenever there are significant life events or changes in your circumstances. This can include getting married, divorced, or remarried, having children or grandchildren, acquiring or selling significant assets, starting a business, or experiencing changes in your health. Regularly reviewing and updating your estate plan ensures that it remains aligned with your current wishes and protects your loved ones accordingly.
While it is not legally required to use an attorney for your estate plan, it is highly recommended. Estate planning involves complex legal and financial considerations, and hiring Clark Law PLLC means you receive personalized advice, guidance, and we ensure that your plan is legally sound. We help you navigate the intricacies of estate planning laws, draft necessary documents, and address specific concerns or goals to create a comprehensive and effective plan tailored to your needs. Prices are discussed at the Peace of Mind Planning Session.
It is advisable to create your estate plan as early as possible, regardless of your age or current health. Life is unpredictable, and having a comprehensive estate plan in place can provide peace of mind and protect your assets and loved ones. It is particularly important to create or update your estate plan when significant life events occur, such as marriage, parenthood, acquiring significant assets, or starting a business.
An estate plan can accomplish several important objectives. Firstly, it allows you to specify how your assets will be distributed after your passing, ensuring your wishes are followed. Secondly, it can help minimize estate taxes and other financial burdens on your beneficiaries. Lastly, an estate plan can designate guardians for minor children, establish healthcare directives, and appoint individuals to manage your affairs in case of incapacity, providing a comprehensive plan for your personal, financial, and healthcare matters.
Yes, having an estate plan is essential for individuals of all ages and levels of wealth. It allows you to have control over the distribution of your assets, protect your loved ones, and minimize potential conflicts and expenses. Regardless of your financial situation, an estate plan provides peace of mind and ensures that your wishes are carried out according to your desire
An estate plan is crucial because it allows you to maintain control over the distribution of your assets, ensuring they are passed down according to your wishes. Without an estate plan, the Florida's intestacy laws may determine how your assets are distributed, potentially contradicting your desires. By having an estate plan in place, you can have peace of mind knowing that you have control over your legacy and can protect your loved ones.
Please contact our office to schedule an appointment to set up an estate plan that is tailored to meet your needs and that can give you peace of mind.
Clark Law PLLC is an Orlando law firm that is devoted to the area of estate planning. From within the Tri-county area our law firm represents clients from Osceola, Seminole, and Brevard counties.
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