Do you need to make a will? Most Americans don't think so. They think wills are only for people with millions of dollars in assets.
In reality, however, if you happen to be financially responsible for anyone, making a will is a very important thing to do. If you overlook this step, your assets will be distributed by Florida officials according to state guidelines, which probably won't line up with the needs of your dependent's or other loved ones.
You need a Broward-Palm Beach-Dade TriCounty FL estate planning lawyer. You may also need a financial planner - but a lawyer who focuses on estate planning can often either find you a financial planner or provide that part of things themselves. Choose a lawyer who is familiar with the tax and probate laws in Florida - do not choose a lawyer from elsewhere and if you move states consider having your will reworked to match the local situation.
The best professionals are not going to offer pre-written plans for your estate, but will instead custom design your plan so that its in line with your goals and desires as well as with the level of assets that you own.
If your estate will be taxed, the best planners will find out how to reduce your family's tax burden. This can be done by creating trusts - which is something that a seasoned attorney can easily take care of. You will additionally want to make an advanced directive or living will, particularly if your loved ones are not in agreement on this issue.
Even if your estate is too small to involve tax issues, though, you should still make a will - and it is good to get advice on the correct way to word things to ensure that your family gets everything they need and which you want to pass down. The choice of a lawyer is an important decision and should not be based solely upon advertisement.
In reality, however, if you happen to be financially responsible for anyone, making a will is a very important thing to do. If you overlook this step, your assets will be distributed by Florida officials according to state guidelines, which probably won't line up with the needs of your dependent's or other loved ones.
You need a Broward-Palm Beach-Dade TriCounty FL estate planning lawyer. You may also need a financial planner - but a lawyer who focuses on estate planning can often either find you a financial planner or provide that part of things themselves. Choose a lawyer who is familiar with the tax and probate laws in Florida - do not choose a lawyer from elsewhere and if you move states consider having your will reworked to match the local situation.
The best professionals are not going to offer pre-written plans for your estate, but will instead custom design your plan so that its in line with your goals and desires as well as with the level of assets that you own.
If your estate will be taxed, the best planners will find out how to reduce your family's tax burden. This can be done by creating trusts - which is something that a seasoned attorney can easily take care of. You will additionally want to make an advanced directive or living will, particularly if your loved ones are not in agreement on this issue.
Even if your estate is too small to involve tax issues, though, you should still make a will - and it is good to get advice on the correct way to word things to ensure that your family gets everything they need and which you want to pass down. The choice of a lawyer is an important decision and should not be based solely upon advertisement.
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