PROBATE COURT IS REQUIRED WHEN SOMEONE DIES WITH ASSETS IN THEIR OWN NAME
ESTATE PLANNING, REVOCABLE TRUSTS, AND PROBATE IN MIAMI BEACH
Today is Memorial Day. On Memorial Day we honor those who have fought for our freedom and remember those that have past away. By doing estate planning, people can create their own Memorial Day in a sense. They can state how they want to be remembered, and if they want to be buried or cremated. They can choose a celebration of life or a traditional memorial. As a Miami-Dade County Estate Planning, Trust, and Probate Attorney, I give people peace of mind by allowing them to choose their own memorial in addition to planning and creating how their assets and loved ones are managed even after they pass away.
WHAT IS WRONG WITH PROBATE COURT AND THE COURT PROCESS THAT IS MANDATORY IF SOMEONE PASSES AWAY WITH ASSETS IN THEIR OWN NAME WITH NO PAID ON DEATH BENEFICIARY?
At Ally Glaser, PA, I give my clients the power to choose by assisting them with estate planning while they are able. Probate happens after a loved one passes away and thus, they do not get to choose. In fact, nor do the loved ones who are now in charge of sorting out the assets, debts, and loved ones left behind. For example, if someone had a business or a house in their own name alone and they pass away, the probate court is now in charge of deciding who should buy the real estate and at what price and who should run the business or if it should close. Usually, the bank accounts become restricted and limited to court ordered use. In other words, things get very complicated. This problem is compounded by the extremely busy and underfunded Miami-Dade County Probate Court.
HOW CAN I AVOID PROBATE WITHOUT ESTATE PLANNING?
Estate planning is the best option as estate planning allows the individual or couple the freedom to choose now regarding their future health care, and financial matters. If an individual has only one bank account or one life insurance policy, then a paid on death beneficiary can be named and probate may be avoided. But, if the beneficiary is a minor, then a guardianship may need to be established; or if that same person became incapacitated or unable to manage their own affairs, then they would need their own guardianship to help in their care. Trusts can be used to protect young children and can even hold the assets until those children are older and more able to handle the big responsibility that comes with owning real estate, businesses, and investment and bank accounts.
For me, Ally M. Glaser, estate planning is the process of creating documents to match my client’s wishes while protecting their loved ones and assets in the case of death or incapacity. A trust can protect you in Florida from probate and guardianship court involvement. The first step of creating a trust in Florida is to hire a trust attorney. I am experienced in Trust creation and can assist you in these matters.
WHY SHOULD I USE AN ATTORNEY IN MIAMI BEACH, FLORIDA?
As an attorney in Miami Beach, Florida with over twenty years of experience, I am knowledgeable and comfortable discussing estate planning matters and all of the details involved in creating a personalized estate plan for you. I am skilled in protecting both your assets and loved ones and have both a law and psychology degree allowing me to easily navigate through this sensitive area of law. I have a personal method to estate planning and even assist my client’s by recommending they creating letters to their children and loved ones as beneficiaries would much prefer a personal letter along with the estate planning documents.
ALLY GLASER PA IN MIAMI BEACH, FLORIDA IS UNIQUE
My firm, Ally Glaser, PA, in Miami Beach, Florida, is a unique, boutique law firm. We do holistic estate planning and also handle probate and trust administration matters with care and concern for the loved ones left behind. I am happy to help you during these challenging times.