If you need a Will or Revocable Living Trust in South Florida, it can be frustrating to find an experienced estate planning attorney that you can trust to protect the future of you and your loved ones. With over 40 years of combined experience in Will and Trust planning, Attorney Barry D. Siegel and his team at The Siegel Law Group, P.A. can help you plan, create or update your current Estate Plan, including your Will or Revocable Living Trust. Our legal team works hard to earn our clients’ trust and glowing testimonials and online reviews.
Trusts and Wills are legal documents that name a beneficiary for your assets. If you die without a Will or Trust, or your estate will be intestate and the state of Florida will decide how your assets will be distributed – not you. While they function similarly, each has its own advantages and disadvantages. Therefore, it is essential to understand the difference between a Trust and a Will so you can decide which is right for you.
A Will is a written legal document with instructions for disposing of assets after death. A Will can only be enforced through a Probate Court. A Will can also contain the nomination of a guardian for minor children.
A Trust is a fiduciary relationship in which one party gives another party, known as the Trustee, the right to hold the property or assets for the benefit of another party, the beneficiary. The Trust should be documented by a written Trust Agreement, outlining how the Trust assets will be distributed to the beneficiaries.
A Florida Living Will is a legal document that states whether someone wants to be on any artificial life-sustaining devices to prolong their life, provided they are in any of the following three conditions:
Each of these conditions has slightly different meanings according to Florida Statute 765.101, but in general, they mean that there is no reasonable probability you will recover once you are deemed to be in one of these conditions as decided by two competent physicians. A Living Will removes the burden of deciding your healthcare and end-of-life wishes from your family members and leaves them with Peace Of Mind because the patient has already made their wishes known.
Both a Living Will and a traditional Will are documents that allow you to set the terms for property distribution after your death but they have some key differences:
Many people have both a Will and one or more Trusts. An experienced Will and Trust Attorney can help you evaluate your situation and what documents are best to meet your goals.
As life goes on, things change – and your Will and Trust likely need to change also. It’s important to review and update your Trust and Will periodically, or whenever an important life event occurs, such as a birth, death, marriage or divorce.
Everyone can benefit from the legal protection that Estate Planning provides, however, the process can be complicated and vary from state to state. In South Florida, many of our residents live here part of the year and have another home in another state. Because Estate Planning laws vary from state to state, and you need an experienced attorney to make sure you are protected wherever your property and heirs are located, and where you die or become ill. We’re here to ensure that every detail you want to be covered is covered and we will work with you and guide you no matter where you are in the Estate Planning process:
Estate Planning begins with our no-cost, no-obligation consultation. We will take the time to get to know you, discuss your concerns, assess your situation and advise you on how to move forward. With over 40 years of combined experience in Estate Planning Law, we can help you determine what planning best fits your situation and needs.
Once you have decided whether you want to write a Will or form a Trust, the drafting stage begins. We will meet with you to work out all the details, prepare the documents and counsel you throughout the process. Once all your specifications are included and outlined as you see fit, the documents will be signed in the presence of a notary and witnesses and made official.
Life is full of unexpected crossroads and turns. Though Wills and Revocable Living Trusts are official, they can be changed and updated. We can help you update your Estate Planning documents and we also periodically review them at no extra cost to be sure everything remains up-to-date as laws and circumstances change.
Trusts and Wills play an extremely important role in the Estate Planning process. Deciding which document is right for you depends on many different factors. Call The Siegel Law Group, P.A. to set up a no-cost consultation and get started on planning for the future.
The Siegel Law Group, P.A. provides assistance with Estate Planning documents throughout South Florida. Give us a call today at 561-955-8515 to get started with a complimentary consultation.