What is An Estate?
Anything and everything that you own is technically your estate. Your estate will include your property, jewelry, automobiles, money, stocks, and more. But have you ever considered what happens to your estate after your death? If you have an estate, you need to have an estate plan to determine what will happen to your entire estate after your death. A proper, structured estate plan is a crucial piece of legal document that allows your estate to go into the hands of the rightful individuals. This plan is a legal document detailing the instructions to be followed about the estate.
When planning your estate, you should always take the counsel of an experienced estate planning lawyer to have a smooth experience. Today, let us provide an overview of what a skilled estate planning attorney in Fort Myers can assist you with.
Estate Planning Lawyer
If you are unfamiliar with an estate planning lawyer or a probate attorney, let us give you a brief idea. Estate planning attorneys in Fort Myers, Florida, assist you in planning your estate by putting your final wishes down in legal format. This legal document is crucial in case of your incapacity or death. The estate planning attorney guides you through the various options to guarantee that your estate goals will be carried out correctly in the future. Your estate planning attorney will also have a great understanding and grasp of the county, federal, and state laws based on which your estate will be valued, inventoried, dispersed, and taxed.
The Role of An Estate Planning Attorney
- Devising and executing the legal papers such as your trusts and your last will and testament
- Appointing beneficiaries and setting forth a durable power of attorney
- Contacting the family members and friends of those involved with the estate
- Managing and organizing the asset transfer to the rightful beneficiaries
- Creating solutions to decrease taxes or fees levied upon an estate
- Setting restrictions on the estate if required to confirm that the deceased wishes are being carried out
- Managing retirement plans, insurance policies, and charitable donations.
What Can An Estate Planning Attorney in Fort Myers Can Do For You
Construct a Will and the Beneficiaries
If you want to create your will, you can do so online within a few minutes, but the question remains: will it be sufficient? Your life is complicated, and trying to fit it into a standard Will can be difficult. A standard template will not adequately manage your assets, estate, and family. On the other hand, you can write it by hand with a strict set of instructions and rules known as the holographic will. But the holographic will tends to go into probate litigation.
This is why you need a professional and knowledgeable estate planning attorney in Fort Myers to make the entire process easier. Hiring an appropriate attorney is the only way to know that your last will covers all your needs while also reducing the risk of potential litigation.
On top of that, estate planning lawyers are usually third-party individuals. They can be considered neutral; they can offer the beneficiaries and family members legal advice when necessary.
Avoid the Lengthy and Expensive Probate Process
Probate can be an extremely lengthy and expensive process, ranging from three months to two years. It all depends on the size of the estate and the complications attached to it. Probate is a court process involving transferring the deceased’s estate to the rightful heirs. The probate process is also a public process that can add to the family’s distress. Any person can obtain a copy of the will and related legal documents from the courthouse.
Luckily if you had completed planning all your estate before your death, probate would not be required. Your assets need to have beneficiaries assigned to them to avoid probate. You also do not require a probate if your real estate valuation is less than $50,000 and your total property is below $150,000. In that case, you can use a Small Estate Affidavit to move the entire funds to their legal beneficiary or heir.
Have Exhaustive Knowledge And Resources About State and Federal Laws
As probate laws are frequently revised, you need an experienced estate planning attorney in Fort Myers. If you are preparing your estate plan, the chances of missing these updated laws are quite high. Missing out on these revised laws can affect your entire estate plan negatively. A skilled estate planning attorney from Fort Myers will be up to date on the recent revision, preventing crucial errors.
Guarantee Someone You Trust Carries Out Your Health Wishes
While planning your estate, you must take a realistic look toward your death. You need to find a person who will carry out your health wishes if you cannot anymore. These wishes can be a medical power of attorney, DNR, and more. With their experience and third-party perspective, an estate planning attorney will guide you in picking the right person for the task, as this task can be emotionally strenuous.
Safeguard Your Family’s Legacy for the Future
A family member’s death is a time of severe morning and distress. One should prepare their estate plan to avoid stress on the grieving family. An adequately made estate plan guarantees they can mourn the loss and celebrate life instead of running around and assembling estate details. Now, what are the crucial things an estate plan should include:
- A durable power of attorney
- Advance medical directive
- Life insurance
- Beneficiaries List
These are some of the basics that should be in an estate plan. When crafting documents for yourself, ensure that these are mentioned, so your legacy is carried forward in the future. An estate planning attorney will assist you in creating the perfect estate plan that protects your family even when you are gone.
Revise and Edit the Estate Plan When Required
Your plans can change over time. New people come into your life, and some people leave. Life is constantly changing, whether it be marriage, divorce, death, childbirth, and more. Along with people, your health condition or assets can also change. This is why you need to revise, edit, and make changes to your estate plan throughout your life. It would be best if you had a reliable estate planning attorney in Fort Myers. You could reach out to ensure that these changes and revisions are made.
Choose the Best Estate Planning Attorney in Fort Myers
People tend to consider that estate planning is to be done towards the later stages of one’s life. That could not be farther from the truth. Estate planning is a crucial part of one’s life as it safeguards yourself, your family, and your entire asset. We know Estate Planning can be complicated, which is why we have experienced estate planning lawyers willing to guide you through it.
We at Hale Law Services have some of the most skilled and dedicated estate planning, and real estate lawyers in Fort Myers equipped to handle any probate case. To learn more about us, contact us at 239-931-6767 or drop us a mail at email@example.com.