Legacy Planning Law Group knows that the best way to help our clients is to understand their estate planning needs and help them build that plan. If you’re interested in learning more about wills and trusts and our estate planning services as part of our unique Family Estate and Legacy Program, please book your free 15-minute phone call with us today!
Of all the Florida estate planning tools available, wills are the most commonly known legal document. While wills exist, most people either don’t have one in place or don’t know what a will can do for them.
The following are some of the critical benefits of having a will:
If you do not have a will, the state will tell your family how to distribute your property. Don’t leave such an important matter to the state. Estate planning is not a one size fits all legal strategy, and depending on your asset protection goals in Florida, you may need more than a will for your estate plan in Florida.
Trusts are similar to wills, but offer additional benefits in Jacksonville, Florida. They generally make the process of transferring assets to heirs much easier for everyone involved. Assets in a trust are immediately transferred to your beneficiaries after your death. This legal action means there is no need to go through Florida probate court, which can save your loved ones money in court costs and attorney’s fees. This document also speeds the process up quite significantly.
The best type of trust depends on your asset protection goals for you and your loved ones. Trusts are also a much more private document. While wills are public record, trusts can be executed with only the knowledge of you and your Duval County attorney. Some trusts that can be established depending on your unique situation include:
A significant benefit of a trust is that you can set them up to take effect should you become disabled. You can identify a successor trustee to step in and manage your affairs without needing a court-mandated guardianship to be appointed.
Living trusts are more difficult to challenge than wills in the state of Florida. This legal document can help to prevent disgruntled heirs from attacking your estate plan after you’re gone. Once your living trust is completed, you and your loved ones can have greater peace of mind knowing that your estate will be properly managed and distributed by someone you have personally selected and trust.
Our estate planning law group is here to help you and your loved ones understand estate planning, elder law, post-death administration, and business planning in Duval County, Florida. If you’re interested in learning more about our legal services from our experienced Jacksonville, Florida estate planning attorneys, please don’t hesitate to contact us by Booking a Call today.
If you are committed to solving your planning needs and want to work with our skilled and experienced team, the first step to get started is booking your 15 minute phone call.
During the call, we will find out what your planning needs are so we can see if we can help you. We will also figure out if we would be a good fit for each other.
At the end of the call, we will set up a time to meet with the team and create a plan that will protect your family and preserve your legacy.