ESTATE PLANNING IN MIAMI BEACH, FLORIDA, IS A SIMPLE WILL ENOUGH?
As an estate planning attorney in Miami Beach, Florida for over twenty-six years, I hear this often from new clients who think a simple will is all they need or want. Does a simple will really work? The short answer is a simple will is usually not the best choice.
WHAT IS THE BEST ESTATE PLANNING OPTION FOR MOST PEOPLE?
Every client is different, yet most people benefit from a revocable trust, a pour over will, power of attorney, and health care documents. A will needs to go through Miami probate court, so a trust is the preferred option. With a trust, you and your loved ones are more protected.
HOW DOES A TRUST PROTECT MY LOVED ONES?
By creating a trust and funding that trust with your assets, upon your death or incapacity, the assets remain in the trust. This trust creates privacy, efficiency, and is less expensive compared to a probate proceeding with a will. For example, your revocable trust may be funded with your homestead, LLC, investment real estate, bank accounts, and investment accounts.
CAN MY ESTATE PLAN BE CHANGED THROUGH MY LIFETIME?
Estate plans in Miami Beach, Florida and everywhere in United States, are living documents. During a grantor’s life, a revocable trust can be changed at any time. Irrevocable trusts may be changed as well, yet may be more restrictive.
SHOULD WE DISCUSS OUR ESTATE PLAN WITH OUR LOVED ONES?
Discussing your estate plan with your loved ones is a case specific decision. For example, if you have responsible adult children and an equally capable long- term spouse, you may want to discuss the details with them. Thus, preventing future problems and giving them both peace of mind knowing they are both provided for adequately. On the other hand, if you haven’t spoken to your adult children in many years and are not including them in your estate plan, there would be no need to discuss this with them.
WHY SHOULD YOU USE ALLY M. GLASER, PA TO HANDLE YOUR WILLS AND TRUSTS, ESTATE PLANNING IN MIAMI BEACH,FL AND MIAMI-DADE AND BROWARD PROBATE MATTERS?
As a Miami Beach Estate Planning, Wills and Trusts and Probate Attorney in Miami Beach, Florida with over twenty-six years of experience and both a Psychology and Law degree, I handle these matters with knowledge and sensitivity. I am familiar and comfortable with both the Miami-Dade probate court system and Broward County probate court and know how to get things done. Additionally, because I do both estate planning and probate law, I am familiar with the challenges of each and provide my clients with additional protections. Call or email me today to discuss your Miami Beach, Florida Estate Planning, Wills and Trusts and Miami-Dade County, Florida Probate matters. I am happy to help you and your loved ones during this important process.