If you have a family and think you do not need a will - you are wrong. All adults should be thinking about estate planning and asset protection, but especially if you have children to provide for. And even more so for blended families.
Even if your financial estate is small, a local South Florida Tri-County estate planning lawyer can help an adult with children plan for their children. A good estate planning attorney knows the local landscape and will help you consider guardianship, medical care, education and basic living expenses for the child. A very good estate planning attorney can help a client without much wealth plan for the care of his loved ones through combinations of life insurance policies and trust instruments.
A qualified attorney will have financial and estate planning experience in addition to knowledge and experience in tax laws. These professionals can help you plan and decrease your tax burden. If you have a few or many assets, these attorneys help reduce the weight of the tax and protect the assets. In addition, they provide advance directives in the event the client is incapacitated.
You should choose your lawyer carefully. It is important to choose a lawyer with broad experience and the right legal acumen.
Fifty five percent of Americans die intestate. This means that they did not have a Will. In these cases, the state will determine the line of inheritance for property. If you have minor children, the state will also decide who will care for them.
Laws of intestate are somewhat archaic and distribute property in ways you may not wish. You will want to ensure that your belongings are distributed to beneficiaries as you wish. It is important to also understand how the state in which you live handles the various types of wills and oral agreements. Keep in mind that there are states that also protect a spouse from being cut out of your will.
Even if your financial estate is small, a local South Florida Tri-County estate planning lawyer can help an adult with children plan for their children. A good estate planning attorney knows the local landscape and will help you consider guardianship, medical care, education and basic living expenses for the child. A very good estate planning attorney can help a client without much wealth plan for the care of his loved ones through combinations of life insurance policies and trust instruments.
A qualified attorney will have financial and estate planning experience in addition to knowledge and experience in tax laws. These professionals can help you plan and decrease your tax burden. If you have a few or many assets, these attorneys help reduce the weight of the tax and protect the assets. In addition, they provide advance directives in the event the client is incapacitated.
You should choose your lawyer carefully. It is important to choose a lawyer with broad experience and the right legal acumen.
Fifty five percent of Americans die intestate. This means that they did not have a Will. In these cases, the state will determine the line of inheritance for property. If you have minor children, the state will also decide who will care for them.
Laws of intestate are somewhat archaic and distribute property in ways you may not wish. You will want to ensure that your belongings are distributed to beneficiaries as you wish. It is important to also understand how the state in which you live handles the various types of wills and oral agreements. Keep in mind that there are states that also protect a spouse from being cut out of your will.
About the Author:
Before you hire a trustworthy Tri-County Area FL estate planning lawyer, locals recommend that you check this professional's credentials online. To reach the law firm's main page, log on to http://www.trustwallach.com/.
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