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DOES ESTATE PLANNING SAVE YOU TIME AND MONEY?

DOES ESTATE PLANNING IN MIAMI BEACH SAVE YOU AND YOUR LOVED ONES TIME AND MONEY?

Yes, estate planning at Ally Glaser, P.A. definitely saves you and your loved ones both time and money. I received a call where a seventy-year old man has a girlfriend who lives with him and he supports. He also has four adult children from a previous marriage, and a bunch of assets and businesses. He is under the 2019 estate tax exemption; which is 11.4 million for a single person and 22.8 million for a married couple. Thus, he may not need tax planning at this moment and he can definitely benefit from estate planning. 

AT ALLY GLASER, PA., HOW DOES ESTATE PLANNING IN MIAMI BEACH, FLORIDA BEGIN?

At Ally Glaser, PA, the planning begins with a free introductory phone call so we can get to know each other and establish exactly what needs to be done. At the end of the informational call if we both want to move forward, I send an email with my estate planning questionnaire and the future client completes this as best as they can and we set up our first meeting to officially get started and strategize regarding their specific needs.

IS ESTATE PLANNING DIFFICULT?

No, the most difficult part of estate planning is knowing that we will all pass away at some point. Once that is dealt with, the planning process is relatively easy assuming you know what you want.  In the example above, I would create a revocable trust, pour over will, health care surrogate, health care directive, and power of attorney. I will also create additional documents to assist in funding the trust. For example, moving his businesses and homestead to trust ownership rather than remaining individually owned so his loved ones can avoid probate court involvement. I will also implement a strategic plan where the adult kids and the girlfriend are provided for and hopefully, happy in the end. 

DOES ESTATE PLANNING PREVENT PROBATE IN BOTH MIAMI- DADE COUNTY AND BROWARD COUNTY, FLORIDA?

Yes, if done correctly, estate planning can prevent probate court involvement from being needed. Thus, the loved ones, minor children, grown children and spouses or girlfriends or boyfriends can have an easier time handling their loved one’s passing. With estate planning, the family deals with the assets privately. With probate court, all matters must be approved by a Judge. 

Please contact me with your Estate Planning, Wills and Trusts, Trust Administration, and Broward or Miami-Dade County Probate matters.  I am happy to help you and your loved ones.