Wills and Trusts

Trust Lawyer in Miami, FL

Delaying your estate planning process can result in unnecessary family disharmony and unnecessary expense. Dying without a will or trust most often results in additional costs and the law will decide who will receive your assets. You should be deciding who will receive your assets and when. For example, leaving assets to a minor without establishing either a testamentary or revocable trust will result in the need for a guardianship and unnecessary legal fees. We will meet with you and discuss these issues so that you have a clear understanding of your objectives and the means of achieving them as well as considering powers of attorney. health care powers and living Wills.

PROTECT YOUR FAMILY

One of the best ways to protect your family while you are alive, or in the event of your passing, is to ensure that you have the proper documentation. For example, if you establish a living trust and appoint a trustee to administer your affairs while you are alive but incapacitated, your designated trusted person will have the means to not only use your assets for your benefit but also to provide for your spouse and children; and upon death who will receive what remains.

Why you need a will or trust

Delaying your estate planning process can result in unnecessary family disharmony and unnecessary expense. Dying without a will or trust most often results in additional costs and the law will decide who will receive your assets. You should be deciding who will receive your assets and when. For example, leaving assets to a minor without establishing either a testamentary or revocable trust will result in the need for a guardianship and unnecessary legal fees. 
In the event of an illness or accident that leaves you incapacitated, without having a trust a guardianship is necessary and decisions as to expenditures for your care and the care of your family is subject to the court's approval, which may not be as generous or as restrictive as you would like. In addition, there are legal fees for administering a guardianship and frequently, family members dispute who should be the guardian and the expenditures resulting in a dissipation of assets.

Additional Points For Consideration: 
  •  Distribution of assets
  • Designating guardians for your children
  • Timing of distribution of assets
  • Trusts for your children and grandchildren 

We're with you every step of the way

We stress to clients that the objective is to accomplish what they want and not just filling in forms. We need to know about family relationships; the ability of the beneficiary to administer money; at what age should the beneficiary receive his bequest; and does the beneficiary have any special needs that require special attention. Estate planning encompasses not only tax considerations but family relations and the impact upon a beneficiary, such as will the beneficiary lose incentive to personally develop by having received a substantial request. We devote to our clients the time to explore these points.
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Call (305) 670-7010 for a consultation with a will and trust lawyer.
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