Are you in need of a will?
A lot of us would answer "No" to that question - and most of us would be wrong. If you have real property and people dependent on you and you want your property to pass down in some way other than the requirements for intestate property in your state (in Florida, for example, your spouse and children are prioritized, but nothing goes to stepchildren you did not legally adopt), you need a will. If you have enough money to hit the estate tax threshold, then you need specific advice to reduce the tax burden on your heirs.
You can work with an estate planning lawyer Tri County FL to determine whether or not having a will is necessary and if you choose an attorney who has financial experience, he or she can tell you all about the tax benefits provided by trusts and of giving things away while you're still living.
Your will needs to address your goals for your family, and take into account sentimental issues. If you do not make one, then the state will make one for you. For some of us, that is good enough. For many of us, it is not. If you intend to make a posthumous charitable donation, or give a valuable piece of property to a friend or sibling because you know your children have no interest in it, then you need to make a will. You need to do so with awareness of the legal and tax implications of your choices.
This makes it necessary to have a seasoned lawyer who understands the estate planning process. This is vital for people who have massive amounts of wealth but it can also be important for those who fall into the middle class.
As such, when you get ready to plan the passing own of your legacy, it is vital to connect with an estate planning lawyer. Finding the right lawyer for your needs is a very important decision which is why you should go beyond merely looking at advertising.
A lot of us would answer "No" to that question - and most of us would be wrong. If you have real property and people dependent on you and you want your property to pass down in some way other than the requirements for intestate property in your state (in Florida, for example, your spouse and children are prioritized, but nothing goes to stepchildren you did not legally adopt), you need a will. If you have enough money to hit the estate tax threshold, then you need specific advice to reduce the tax burden on your heirs.
You can work with an estate planning lawyer Tri County FL to determine whether or not having a will is necessary and if you choose an attorney who has financial experience, he or she can tell you all about the tax benefits provided by trusts and of giving things away while you're still living.
Your will needs to address your goals for your family, and take into account sentimental issues. If you do not make one, then the state will make one for you. For some of us, that is good enough. For many of us, it is not. If you intend to make a posthumous charitable donation, or give a valuable piece of property to a friend or sibling because you know your children have no interest in it, then you need to make a will. You need to do so with awareness of the legal and tax implications of your choices.
This makes it necessary to have a seasoned lawyer who understands the estate planning process. This is vital for people who have massive amounts of wealth but it can also be important for those who fall into the middle class.
As such, when you get ready to plan the passing own of your legacy, it is vital to connect with an estate planning lawyer. Finding the right lawyer for your needs is a very important decision which is why you should go beyond merely looking at advertising.
About the Author:
Find a review of the advantages you get when you consult a Tri-County area FL estate planning lawyer and more information about a reputable attorney at http://www.trustwallach.com/ now.
Aucun commentaire:
Enregistrer un commentaire