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All too often families avoid decisions which can seriously affect their future. There are many important elements that contribute to estate planning. A Tri-County Area FL Estate Planning Lawyer is able to help you with all these issues.
The first most important thing to do is draft a will. This will must name a guardian for any children under 18, as well as an executor of the estate. Ask your lawyer about the creation of a minor's trust, which ensures that any assets left to your children will be saved until they reach the age of majority (usually 18). Step two is to have either a living trust or a trust within the will.
Wills are very important but sadly these are not always considered or planned for. This must include a named guardian for any children under the age of eighteen and an executor for the estate. It is also possible to create a minor's trust which insures any assets until your children are no longer minors.
It is also important to assign a power of attorney. This allows a person who has been designated in advance to write checks if you are not able to do so. In addition a medical power of attorney lets you assign someone to make crucial decisions relating to your medical care.
If your ex-wife is listed anywhere as a beneficiary, then that wins over other more current beneficiaries in your will. Seventh, make sure all paperwork is organized.
It is difficult to talk about but is often very much appreciate in unforeseen circumstances. Making sure that you have a will and that all your paper work is in order and kept in a safe place is very important. For more tips on this topic there are many guides available at book stores. Laws may be changed and updated over time, so make sure you get the most current information which pertains to you.
The first most important thing to do is draft a will. This will must name a guardian for any children under 18, as well as an executor of the estate. Ask your lawyer about the creation of a minor's trust, which ensures that any assets left to your children will be saved until they reach the age of majority (usually 18). Step two is to have either a living trust or a trust within the will.
Wills are very important but sadly these are not always considered or planned for. This must include a named guardian for any children under the age of eighteen and an executor for the estate. It is also possible to create a minor's trust which insures any assets until your children are no longer minors.
It is also important to assign a power of attorney. This allows a person who has been designated in advance to write checks if you are not able to do so. In addition a medical power of attorney lets you assign someone to make crucial decisions relating to your medical care.
If your ex-wife is listed anywhere as a beneficiary, then that wins over other more current beneficiaries in your will. Seventh, make sure all paperwork is organized.
It is difficult to talk about but is often very much appreciate in unforeseen circumstances. Making sure that you have a will and that all your paper work is in order and kept in a safe place is very important. For more tips on this topic there are many guides available at book stores. Laws may be changed and updated over time, so make sure you get the most current information which pertains to you.
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If you are looking for the facts about a Tri-County area FL estate planning lawyer, come to our web pages online today. More details are available at http://www.trustwallach.com/ now.
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