ESTATE PLANNING ON MIAMI BEACH-DO WE ALL NEED IT?
A revocable trust is the best way to protect your assets and your family assets. If all family members have separate assets and want to protect them, estate planning is great for each person in the family. A potential client called asking about trusts for his aging parents, and I asked about a trust for him, protecting his wife and young children. Very commonly, assets are placed in one person’s name for simplicity only to make it very complicated upon that person’s death.
ESTATE PLANNING-DOES EACH PERSON GET THEIR OWN TRUST?
Yes! Each person gets their own trust. Every person owns assets, they need their own trust. Every person has their own wishes, they need their own trust. Thus, individual trusts are best.
ESTATE PLANNING-ARE WE READY? IF YOU ANSWER YES, YOU ARE READY.
- Can you devote time and attention to this project at this time?
- Do you feel emotionally ready to discuss and handle tricky situations?
- Do you know your assets and their worth?
- Are you willing to read and review your documents before you sign them?
- Once signed, will you move your assets into your trust?
IF YES, WE ARE READY TO DO ESTATE PLANNING, WHAT ARE THE NEXT STEPS?
Once you are ready to begin, start by thinking about your wishes. For example, do you want your house to go to the son currently living in it, or do you want it equally divided among your three adult children? Please consider the emotional and financial results of each scenario. If you have minor children and you pass away, at what ages should they get to use the money without supervision? During the younger years, who should care for them? And who should look after their money and financial needs?
SHOULD I USE ALLY M. GLASER, PA TO HANDLE MY WILLS AND TRUSTS, ESTATE PLANNING, AND PROBATE MATTERS?
As an Estate Planning, Wills and Trusts and Probate Attorney in Miami Beach, Florida with over twenty-eight 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 I know how to get things done. I handle both estate planning and probate cases, thus, I am familiar with the challenges of each and provide my clients with additional protections. Call or email me today to discuss your matters. I am happy to help you and your loved ones during this important process.