ESTATE PLANNING IN MIAMI BEACH, FLORIDA, SHOULD I DO ESTATE PLANNING WITH MY X-SPOUSE?
Here is a conundrum. We have shared children, we trust each other, and we want to leave all of our money to our children. Is each other the best option for the trustee? Should we do our estate planning together? In some case yes and in some cases no.
WHEN IS IT HELPFUL TO PLAN WITH MY X?
Estate planning can be done with your x-spouse if the details are the same for each other. For example, let’s discuss Jim and Jenny, which are made up names for example purposes only. Jim and Jenny were married and divorced and remain business partners. They buy and sell real estate and continue to trust each other and have a great friendship. They did mirror estate planning, giving their kids everything and giving each other the power to manage, and live off of the properties during life.
WHEN IS IT A BAD IDEA TO PLAN WITH MY X?
Estate planning would be better separated if Jim and Jenny, our fictitious couple, remarried and had more children with their new spouses. The new children would require different planning. In addition, the new spouses and children would need to be acknowledged and respected, thus the x-spouse would not be making critical decisions.
WHEN IS THE BEST TIME TO DO YOUR ESTATE PLAN?
The best time to do your planning is always now. There is never a perfect time, but the sooner you get it done, the more peace of mind you will have. Many clients call when they are travelling or having a minor or major surgery, why wait for this? Get it done, and sleep better, knowing your loved ones are protected.
WHY SHOULD I USE ALLY M GLASER, PA TO HANDLE MY WILLS, TRUSTS, AND ESTATE PLANNING IN MIAMI BEACH, FL ?
As a Miami Beach Estate Planning, Wills and Trusts and Probate Attorney in Miami Beach, Florida with over twenty-seven 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.