Do you know what would happen to your assets and your loved ones if you were to pass away? People put off estate planning for many reasons. Some think they’re too young, while others believe they aren’t wealthy enough. This couldn’t be further from the truth. If you have assets or people who depend on you, it’s never too early to put things in place for the inevitable. Regardless of net worth, marital status, or age, estate planning is essential. An experienced Miami estate planning attorney can help to create the best plan for your assets, business, and family.
What Happens If Someone Dies Without an Estate Plan?
Dying without a proper estate plan can put your loved ones in a challenging position. If you die without a will, the state will decide how your assets will be distributed. This often results in unintended consequences, unnecessary expenses, and a lengthy court process.
Even if you do leave a will, this may not always be enough. Although a will is the foundation of many estate plans, there are many other elements to consider. A comprehensive estate plan takes all factors and possibilities into account. By consulting a knowledgeable estate planner, you can reduce estate taxes, eliminate the need for probate and make more customized provisions for your assets,
At a time when your loved ones are mourning your loss, an estate plan is a source of comfort, stability, and hope.
Speak with our seasoned estate planning attorney to create a legacy you’ll be proud to leave behind.
What Can a Miami Estate Planning Attorney Do for You?
We’ve all heard of celebrities who left millions of dollars behind but no estate plan. Their assets are usually tied up in court for many years. Taxes, legal fees, and other expenses can cause the estate to dwindle over time. Families often get torn apart as the matter plays out in court and in the media.
You don’t have to be a multimillionaire to experience the same fate. By failing to establish a thorough estate plan, you may be causing unnecessary stress and heartache for your loved ones.
Imagine the following scenarios:
- You and your spouse are separated but not legally divorced. Without an estate plan, your entire estate would pass to your spouse.
- You aren’t on good terms with your sibling. Without an estate plan, the court may appoint them as the executor of your estate.
- You are the parent of a child with a disability and want to leave a large inheritance for them. Without a special needs trust, you may cause them to become ineligible for receiving government benefits.
- You remarried after a divorce and are very close with your step-children. Without an estate plan, you will not be able to leave an inheritance for them.
The dedicated estate planning professionals at the Martins Law Firm can help prevent these outcomes and create the future you’ve always envisioned.
How An Estate Plan Protects You During Incapacity
What would happen if you ever become mentally or physically unable to take care of yourself? A comprehensive estate plan will put measures in place for incapacity. By working with a Miami estate planning attorney, you can make the best of the worst-case scenario.
Incapacity planning may include executing a living will, appointing guardians for your minor children, and electing someone to take charge of your finances and health care decisions in the event you are unable to.
Full-Service Estate Planner in Miami
Estate planning is a lot more than just distributing your assets. It’s also an opportunity to put someone in charge of your estate, name guardians for your children, and outline your funeral preferences. You can ensure your loved ones will be protected and supported during their most difficult moments. By creating an estate plan, you’re playing an active role in your family’s future.
Our knowledgeable estate planner can assist with:
- Drafting tailored wills Special needs planning
- Prenuptial and postnuptial agreements
- Establishing a revocable or irrevocable trust agreement
- Estate tax planning
- Incapacity planning
Estate plans are as unique as the individuals who create them. We take the time to listen to you before recommending a plan that best meets your needs. As compassionate estate planners, we seek to form lasting relationships with our clients and their families. We take pride in helping you protect your legacy and provide for the people you love.
Contact us to schedule a consultation.Book your strategy session