Florida Estate Planning and Probate Lawyers Near Me | Morgan Legal Group

Estate planning is the process of arranging for the management and distribution of your assets in the event of your death or incapacity. It’s important because it allows you to control what happens to your assets and ensures that your wishes are carried out.

Yes, everyone should have a will regardless of the size of their estate. A will allows you to specify how you want your assets to be distributed and who will be responsible for carrying out your wishes.

If you die without a will, your assets will be distributed according to Florida’s intestacy laws, which may not align with your wishes. It’s important to have a will in place to ensure that your assets are distributed according to your wishes.

Probate is the legal process of administering the estate of a deceased person, resolving any claims against the estate, and distributing the deceased person’s assets to their heirs. The process typically involves validating the will, paying debts and taxes, and distributing assets to beneficiaries.

Yes, there are several estate planning strategies that can help you avoid probate, such as creating a revocable living trust, designating beneficiaries on certain assets, and gifting assets during your lifetime.

A power of attorney is a legal document that allows you to appoint someone to make financial or healthcare decisions on your behalf if you become incapacitated. Having a power of attorney in place can help ensure that your affairs are handled according to your wishes if you are unable to make decisions for yourself.

It’s important to review your estate plan regularly, especially after major life events such as marriage, divorce, the birth of a child, or significant changes in your financial situation. It’s also a good idea to review your plan every few years to ensure that it remains up-to-date.

A will is a legal document that outlines how you want your assets to be distributed after your death, while a trust is a legal arrangement that allows you to transfer assets to a trustee to be held for the benefit of your beneficiaries. Trusts can offer certain benefits such as avoiding probate and providing for minor children or beneficiaries with special needs.

Yes, you can make changes to your estate plan at any time by executing a new will or trust or by creating a codicil to amend an existing will. It’s important to review your estate plan regularly and make updates as needed to ensure that it continues to reflect your wishes.

There are various legal strategies available to help individuals protect their assets from creditors, such as creating asset protection trusts, structuring ownership of assets in a way that limits liability, and making gifts to loved ones.