Learn About Estate Planning With A Tri-County Area FL Estate Planning Lawyer

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Title: Learn About Estate Planning With A Tri-County Area FL Estate Planning Lawyer
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Learn About Estate Planning With A Tri-County Area FL Estate Planning Lawyer

By Guy Stannard


55% of Americans die without a will - and thus their estate becomes entangled in the specific laws of their state. Although these laws are designed to fit what the state thinks is a common pattern for how property should be distributed, they might not fit your wishes. A tri-county area FL estate planning lawyer can help you avoid that problem.

People in blended families should always consult a qualified attorney when thinking about how to write an effective will. Estates totaling higher than a certain threshold are subject to taxation, so they also require special consideration. The first thing to do when creating this document is to choose who will receive your assets.

In some cases, a living trust can help avoid probate costs - however, this does not always work, as the trust itself incurs costs - this is the kind of thing you should run past an estate planning lawyer.

Your will should also address guardianship of any dependent children. You and your partner should discuss the options in case you both die. The guardian usually oversees any assets the child or children inherit until they are adults.

Any joint bank account you have will automatically go to the other person named to the account. You should choose beneficiaries for other bank accounts and any retirement plans you have. If your asset total exceeds the threshold for taxation, your attorney may be able to help you find ways to reduce your tax liability.

If all of this sounds complex - it is. Contact an estate planning lawyer for guidance and to help reduce tax burden and other costs you may leave behind.




About the Author:

You no longer need to look in the local papers for a competent Tri-County Area FL estate planning lawyer. For utmost convenience, take a look at this web page now at http://www.trustwallach.com/.




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