Estate Planning encompasses a specific area of the law that maximizes how assets are distributed to heirs, protected from creditors, coordinating tax benefits, and minimizing costly legal expenses as a result of adversary proceedings. Estate Planning includes the having a properly executed Will and having the appropriate trust given the particulars of your financial situation, the number of heirs, and real estate ownership. A few simple legal transactions can protect you and your family from unnecessary costly expenses. Proper Estate Planning includes consulting with an experienced attorney to set up the level of sophistication you need to best serve your personal interests. There are no cookie cutter Estate Plans. Each plan should be set up based on the unique facts of the individual or family. The costs of an Estate Plan starts at $300 for a simple Will. More complex plans, such as off-shore trusts involve a lot of complex legal instruments to best maximize the benefits. The complexity of the Estate Plan stems in the amount of the estate, the type of creditors involved, and the type of assets that need to be encompassed by the Estate.
Additionally, oftentimes, Probate may be avoided through a well established Estate Plan. Not only does avoiding probate save on significant legal fees and costs, it oftentimes also streamlines the process to transfer estate assets to heirs and moreover, has the potential to provide significant tax and estate tax benefits and savings.
View the Benefits of Setting up an Estate Plan
Indeed, just as you most likely have some kind of life insurance policy, it is also just as important to have a plan on how your estate is to be taken care of upon your death. Estate Planning is the process by which you obtain counsel on organizing and taking inventory of your assets and then planning how they are to be transferred, donated or liquidated after your passing.
The primary document that will set the guidelines for how your estate will be handled is your Last Will and Testament. This is one of the most important documents you will ever have and if you don’t already have one, we urge you to come see us today and begin putting your Last Will and Testament together.
Death is the most stressful and emotional time your family members will ever endure. By having a Will and your other estate matters already planned out, it will greatly ease the burden for your family and loved ones.
Estate Planning with An Attorney:
Arcadier, Biggie & Wood, PLLC will help ensure that your assets are protected and disbursed properly and according to your wishes during probate, enabling you to better take care of your family upon your death. We will expertly help you prepare: Living Will, Living Trusts, Last Will and Testament, Video Last Will and Testament, Legal Challenges to Will, Powers of Attorney, Trusts, Representation/executor, Probate matters and any other necessary assistance.
Our Melbourne office is centrally located in Brevard County enabling us to serve clients throughout the “Space Coast”, including Cocoa Beach, Titusville, Palm Bay and Vero Beach.