Planning for end-of-life can be uncomfortable, even frightening, which may explain why nearly 60% of Americans don’t have a Will or Trust. A good Estate Plan can actually bring great peace of mind, but with no plan in place, your loved ones could face serious financial challenges down the road. Bloodline planning helps keep your hard-earned assets in the family, and can protect your loved ones today and in the future.
At The Siegel Law Group, P.A., our Boca Raton Estate Planning Attorneys provide reliable Estate Planning advice to clients throughout South Florida. We will work with you to create an individualized plan that meets your financial goals and secures your family’s future.
A good plan conveys your wishes on how your assets should be handled after you’re gone, but the benefits of an Estate Plan go far beyond the distribution of your holdings. It can also keep your Estate out of Probate while protecting your children and grandchildren’s inheritance from divorces, lawsuits and creditors.
What Does an Estate Planning Attorney Do?
Estate Planning consists of several components customized to the client’s unique needs and financial goals. An Estate Planning Attorney can provide legal advice and assistance with all of the following:
- Revocable Living Trusts
- Special Needs Planning
- Powers of Attorney
- Healthcare Advance Directives
- Healthcare Surrogate Designations
- Living Wills
- HIPAA Authorizations and Releases
You may be asking yourself what’s the difference between an irrevocable trust and revocable living trust? To answer this and most Estate Planning questions you’ll need to understand that the benefits of Estate Planning is that you’re able to create a whole plan that protects you and your loved ones should something happen to you.
Do you know what will happen to your assets and who will make financial and healthcare decisions for you if you become disabled? You don’t want the court to make important decisions for you and your loved ones about your finances and medical care.
Your Estate Planning Attorney should first educate you about the laws in your state and your options, and then help you and your loved ones understand how to navigate these difficult questions. It’s important that the attorney you choose does not make these matters more difficult for you; they should help you create a complete plan that you’re comfortable with and have confidence in.