Estate Planning, Wills and Trusts – Planning for your own death is uncomfortable, however, being prepared for the future can prevent heartache and financial distress for your loved ones and heirs. The following is a list of documents that we recommend including in your estate plan:
Last Will and Testament and/or Living Trust
While a Will specifies who your assets go to, it does not clear up tax issues and also does not avoid probate. A Trust, therefore, could be a better option since it can help minimize taxes and also help avoid the long and expensive probate process. If you die without a Will, your property will be divided according to Florida Law and not necessarily the way you intended.
Advanced Medical Directive or Living Will
An Advanced Medical Directive/Living Will designates who can make health care decisions for you when you are unable to do so due to health/incapacity, which include how aggressive you wish to be with your medical care and when you want to be taken off of life support.
Durable Power of Attorney
With this document, you can establish who will be able to write checks, manage property and take control of your finances should you be unable to do so on your own. Durable means that the document will withstand even in the event that you are determined to have a mental incapacity.
Let the Law Offices of Roger Craig Simmons, P.A. assist you in securing your future as well as your families’ future and to help prevent the family squabbles which can occur when this subject is not broached until it is too late. Contact us today for a free initial 15-minute consultation at (954)271-3002.