Planning for your future is extremely important. Many people think that if they do not own a large number of assets, estate planning is not important. This could not be further from the truth. Regardless of whether you have a complicated set of assets or whether you simply want to ensure that your wishes are carried out upon your death, an estate plan is well worth the time and thought required to craft it. A will or trust should be individual to your needs and tailored to achieve your objectives. Although you can download simple forms and other tools to create a plan, they often fail to consider unique aspects of your finances, assets, and wishes. At the Martin Law Firm, our Fort Myers and Cape Coral estate planning lawyers have prepared many estate plans for Southwest Florida residents, addressing a wide variety of issues and situations. As a result, we are prepared to help you ensure that you are doing all that you can to protect your financial future and to ensure that your wishes will be respected. Our firm assists clients from offices in Cape Coral, Fort Myers, Naples, Tampa, and Miami.Understanding the Varied Aspects of Estate Planning
In general, an estate plan is intended to ensure that your wishes regarding the disposition of your estate happen smoothly and result in a low amount of risk. Estate plans are also intended to provide for certain tax-based considerations and to set up an individual to have a sufficient income in the final years of their life. It is rare for two people to have an identical situation and set of priorities, which means that each estate plan must be drafted carefully to account for the unique aspects of your needs. Some of the most common considerations that may arise include planning for the succession of a family business, ensuring that you will be provided with health care in the event that your health declines, designating powers of attorney in advance, setting up charitable donations, and protecting your assets. Our estate planning attorneys also advise Cape Coral and Fort Myers clients on setting up a probate plan, which involves designating the person or persons who will be responsible for administering your estate upon your death. Although it may seem daunting to plan for all of these variables, we take the process one step at a time and can ensure that you have a full understanding of your options at each juncture.Common Legal Instruments Used in Estate Planning
According to Florida law, if an individual dies without an estate plan, there is a predetermined method for the division of their assets. In general, your assets will pass to your heirs according to a specific hierarchy. Many people are unsatisfied with this method, however, and wish to provide for a different division or treatment of their assets upon their death. There are two common legal instruments used to help people create an estate plan. The first is called a will, which consists of a testamentary document that delineates where you want your assets to go upon your death. The will provides instructions to a specific individual regarding the dissemination of your assets, which can include property, money, and real estate. The other common legal instrument with which our estate planning lawyers can assist Cape Coral and Fort Myers residents is known as a revocable living trust. A trust is rather different from a will because it requires an individual to transfer the legal ownership of their assets to the trust and to appoint a trustee to manage the assets according to a predetermined plan. The individual who sets up the trust can appoint additional beneficiaries to take their place upon their death. Many people prefer this option because it usually avoids the need to go through probate.Contact a Knowledgeable Fort Myers or Cape Coral Estate Planning Attorney
If you have been wondering about estate planning or have been intending to set up an estate plan, you should not wait any longer. At the Martin Law Firm, we recognize how critical it is to ensure that your affairs are in order, to minimize the risk of litigation after your death, and to work with an attorney who is equipped to consider the unique aspects of your financial situation. We proudly serve people throughout the region, including in Tampa, Miami, and Naples, and we offer a free consultation to help you learn more about your legal options and how we can help you achieve a more secure future. Call us now at (844) 465-4357 or contact us online to set up your appointment.