Do you know what would happen, legally, to you, your loved ones, your money and everything else you care about – if something unexpected happened to you?
Those you love would have to deal with the red tape and bureaucracy of government procedures and regulations.
Sound scary? Well, it can be.
We at The Martins Law Firm help you understand the legal and financial consequences of not having a comprehensive Estate Plan to protect your loved ones … and more.
Before meeting, we’ll ask you to complete a Family Wealth Worksheet, which will help you understand what you own and what needs to be decided for the well-being and care of your loved ones and cherished belongings. We’ll meet for a Family Wealth Planning Session™, where we spend some time together reviewing this document. You’ll learn about our Planning for Life process and we will both decide if it makes sense to work together to design an estate plan that will best suit the needs of your family.
The foundation of your estate plan will often include a revocable living trust, which when done properly and maintained over time, should help your family to avoid the cost and delay of probate and minimize or eliminate estate taxes.
At The Martins Law Firm, we do not offer a “one size fits all” estate plan. We form a working relationship with our clients. We educate you, take the time to get to know you and your family. We will discuss your concerns, your goals, and will gladly and patiently answer all of your questions. Our goal is to create an estate plan that is exactly right for you.
Our services include a no-charge three-year review to ensure that as your lives change, so will your estate plan to safeguard your assets for maximum protection.
If this sounds like the kind of relationship you’re looking for, please call us at (305) 699-2646 to schedule your personal Family Wealth Planning Session™ today or schedule online now.
What makes our firm different is that we were built with the needs of growing families in mind. You want to know you’ve made the best decisions for your family and that your plan will work when your loved ones need it most. You want to make sure your children would be taken care of in the best way possible and will be prepared to receive your wealth if anything happens to you.
We encourage communication with our clients. In fact, we’ve thrown out the time clocks so you never have to be afraid to call with a quick question. Everything we do is billed on a flat-fee basis, agreed to in advance, so there are never any surprises.
We’ve created unique membership programs to keep your plan up to date year in and year out as well as give you access to our trusted attorney for guidance on any legal matter. One day you will need a lawyer. I don’t know why and I don’t know when, but when you do, you will be grateful you can call on us and we’ll be here to advise you.
Lastly, we believe your financial wealth is only a small part of your overall Family Wealth, which is made up of your far more valuable, intellectual, spiritual and human assets – who you are and what’s important to you. We’ve developed a tool that allows us to pass on far more than just your money, but also your Whole Family Wealth. We’ll discuss more about these options when you come in for your appointment.
If something unexpected happens to you and you haven’t planned for everyone you love and everything you have, the State of Florida has a default plan for you. Sound scary? Well, it can be. Those you love would have to deal with the red tape and bureaucracy of government procedures and regulations. See how we can give you and your loved ones peace of mind.
We conduct a Family Wealth Planning Session™, where we spend time together and you’ll get informed. Before your Family Wealth Planning Session™, you will complete a Family Wealth Inventory and Assessment, which will help you to get clear about what you own and what you have to think about when it comes to planning for the well-being and care of your loved ones and your belongings. If you decide the current state of affairs is unacceptable, and if we both decide that it’s a fit to work together, then we can design an estate plan together that will best suit the needs of your family.
The foundation of your estate plan will often include a revocable living trust; you transfer your property into this trust for your benefit during your life. One of the benefits of a revocable living trust is that, when done correctly and maintained over time, your estate plan should help your family to avoid the cost and delay of probate and minimize or eliminate estate taxes.
For people with additional needs, we provide advanced estate planning services.
Your Personal Family Lawyer® at The Martins Law Firm will educate you, take the time to get to know you, your family, your concerns, your goals and your issues and will gladly and patiently answer all your questions to produce an estate plan that is exactly right for you and will keep your loved one’s out of court and out of conflict.
If you are a family with young children, then your estate plan should begin with a foundation that ensures your children would always be taken care of, no matter what happens. At The Martins Law Firm, one of our areas of greatest expertise is protecting minor children.
You work your entire life to save and have enough money to comfortably retire—and ideally leave something for your loved ones when you pass away. During your life, you pay all kinds of taxes: income taxes, property taxes, sales taxes, and so on. And at the end, the government even wants to tax you on the assets you have left at your death. This is known as the estate tax, sometimes called the inheritance tax or death tax. The best way to protect your assets and your family’s future from excessive taxation is to hire an attorney who specializes in estate tax planning.
The estate tax is totally separate from federal income taxes and is paid on the net value of all your assets owned at your death. However, there are fairly sizable exemptions to the estate tax, so it’s primarily high net-worth individuals and their families who are affected. That said, the estate tax rate is a whopping 40%, so we’re talking about potentially massive sums of money being owed by one’s heirs. And that bill must be paid to the IRS within 9 months of the decedent’s death.
Notably, President Trump’s Tax Cuts and Jobs Act of 2017 nearly doubled the allowable exemptions to the estate tax, ensuring that even fewer families will be affected:
Estate tax exemption for individuals expanded from $5.4 million to $11.2 million.
Estate tax exemption for married couples expanded from $10.9 million to $22.4 million.
So unless your estate is valued at more than $11.2 million, you won’t have to worry about the estate tax at this time. But for those who are affected, there are numerous estate planning strategies available that can greatly reduce the amount owed. Our estate tax planning lawyers can advise you on the best options for your family.
Divorce, inheritance, health issues, creditors, employees, theft, changing markets, malpractice suits, sexual harassment claims, natural disasters and disgruntled business partners are just a few issues that can result in devastating lawsuits for unprepared business owners. The highest level of risk falls on those who think they are immune.
Americans are now more concerned than ever about protecting their assets from creditor claims, taxes, divorce and other disasters. Rightly so.
The more success you have (especially in business, professional practice or real estate activities), the more at risk you are as others see your success grow.
Will you be signing loan documents, a personal guaranty or a lease? Do you have rental properties or employees? Are you an attorney or physician? Do you work in construction or perform professional services? Are you getting married and have children from a prior marriage or separate property assets you are bringing into the marriage.
Here’s the thing: all of these activities are activities we want to see you do more of! They are, in many ways, the spice of life. But we don’t want that spice to become too hot and impact your life negatively.
That’s where we come in. We can set up your business and life structures to ensure that you can take maximum risk with minimum worry.
We assist our clients in determining the appropriate level of asset protection planning for their particular circumstances. We will consider insurance, prenuptial agreements, asset segregation, choice of jurisdiction, gifting, LLCs, partnerships, corporations, and asset protection trusts. Customized combinations are layered depending on the needs of the client and as appropriate.
There are many different strategies to accomplish the protection of your assets while you are alive and after you are gone. To find out which strategies may be right for you, contact us for a Family Wealth Planning Session.
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We will be in touch with you to work on the best strategy to accomplish your goal.
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