Important Tips for Estate Planning in Florida

Having an estate plan is beneficial as it secures your assets and ensures that they are passed to your beneficiaries in the manner you want. However, materializing an estate plan in Florida doesn’t happen at the snap of your fingers. You need to verify essential details and ensure that all the documents are aligned according to Florida law to achieve your goals. Learn here about the top tips for estate planning to make the best legal decisions.

5 Things to Do Before Getting Started With Estate Planning!

Evaluate Your Assets

Many people think that estate planning only involves expensive properties and high-end investments. In reality, your estate includes everything you own, including stock investments, business interests, digital accounts, and more. Calculating the financial value of your assets is critical for planning taxes and ensure appropriate asset allocation to the beneficiaries.

You need to evaluate your tangible, intangible, and digital assets for valuation. An estate planning attorney in Fort Myers can help you plan the distribution of your estate to prevent legal issues in the future.

Create Strong Directives

Creating legal directives can help you avoid probate and meets your long-term care needs. A business attorney can help you prepare and revise these documents to ensure that all your wishes are carried out. Here are three key estate planning documents that you need to create:

  • Last Will And Testament- In Florida, the last will is a document that has directives about your estate distribution. Florida residents without a valid will or revocable trust have to leave the distribution of assets under state laws.
  • Living Will- Is an advanced directive that documents your healthcare wishes. It becomes effective after you are mentally incapacitated or in a vegetative state.
  • Power of Attorney- Appoints a specific person you trust to act regarding your medical and financial care.

Create a Roadmap For Your Family to Access All Your Accounts!

It can be difficult for your family to navigate through all your accounts and settle them. Two things can make this process easier- Consolidating all your accounts and preparing a roadmap.

With the help of an estate planning attorney in Fort Myers, you can create a document that outlines your assets, liabilities, policies, and other essentials. It should also have all your credentials, including your passwords, verification details, and digital information in one place.

Choose a Responsible Estate Administrator

Failing to name an executor is a huge estate planning mistake. Your estate administrator will be in charge of administering your will and making proper decisions for your medical and financial needs. However, running an estate can be an overwhelming task. Hence, ensure that you choose someone who has the knowledge and expertise to perform the tasks well.

An estate planning attorney in Fort Myers can help you with the designation and creation of trusts and wills to ensure that your estate plan meets the laws and regulations of the Florida state.

Consider Options for the Transfer of Assets

When it comes to transferring assets, you need to ensure that you do it in a way that minimizes taxes and avoids probate. Trusts and charities are two popular options for doing this. For instance, you can leave your taxable assets to charities and trusts or gift some of your assets to your beneficiaries. An estate planning attorney in Fort Myers will aid you during the transfer to ensure that you don’t have any legal blocks.

We have the Best Estate Planning Attorneys to Help You!

At Hale Law Services, we have the best estate planning attorneys to help you make the best estate plan and clear any roadblocks that you may have. Get customized legal services by calling us at (239) 931-6767 or mail us at to learn more!

By |2022-11-07T07:35:17-05:00May 3rd, 2021|Estate Planning|0 Comments

Leave A Comment