What Are the Benefits of an Estate Plan?
NEW TAMPA ESTATE PLANNING ATTORNEYS
Though it can sometimes be difficult to think about, establishing a proper estate plan that is structured and tailored to you and your family is vital to preserving your legacy and protecting your family.
Having a properly constructed estate plan provides a variety of benefits including:
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You determine who will manage your affairs in the event of your death or incapacity.
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You direct how your assets will be distributed upon your passing rather than assets being distributed according to Florida law.
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Probate avoidance.
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Protecting assets for minor children.
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Appointing guardians for your minor children.
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Avoids family conflicts during times that are already emotional because you are making your wishes known.
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Provides peace of mind for yourself and your family because you will know that everything is in order should you become incapacitated or pass away.
The death or incapacity of a loved one are some of the most difficult and emotional things that a family will go through.
Incapacity can be short term or more permanent and often results in complex issues that affect every member of the family. Family members often become overwhelmed and are sometimes left wondering whether they are making decisions as you would if you could still do so for yourself. Whether it relates to financial or health care decisions, animosity and conflict can arise between family members because each person has a different viewpoint as to what your wishes would be.
The passing of a loved one is devastating for the entire family and often leaves everyone unsure of the next steps. Loved ones are left having to attend to certain details and tasks at a time when they are overwhelmed emotionally. Everything from funeral arrangements to asset distribution can lead to family disagreements. And in the end, without an estate plan, your assets will be distributed according to Florida law and not necessarily in accordance with your instructions would be had you made them known.
A complete estate plan will address everything from funeral instructions, the appointment of agents for financial and health care decisions, probate and guardianship avoidance, and asset distribution.
CONTACT US today to schedule your CONFIDENTIAL consultation with one of our New Tampa Estate Planning Attorneys! Our offices are located in Tampa Palms and are convenient to New Tampa, Wesley Chapel, and the Greater Tampa Bay area.