After we have gained an understanding of your needs and desires, and you have learned about the advantages and disadvantages of the various estate planning tools and techniques to avoid probate, why you need a will, or why you need a trust, how living trusts work in Florida, and other options that are available under Florida estate planning law for you to achieve your estate planning goals and objectives, and deal with your fears and concerns, we then, as your estate planning attorneys together with you, design an estate plan that is specifically tailored to help you accomplish the purposes for which you initiated the estate planning process.
Our process for planning an estate begins with an examination of your needs for advance directives that are appropriate for your circumstances. Advance directives
include Florida durable powers of attorney
, designations of health care powers (health care power of attorney), declaration of preneed guardians, and Florida living wills. We’ll explain the difference between a living will and a living trust and the differences between a basic will, a complex will with testamentary trusts, or a living trust, as the basis for planning your estate. From there we proceed to evaluate your potential needs for incapacity planning with advance directives, and for long term care planning, issues dealing with elder law, and whether your objectives can best be met with irrevocable trusts, revocable living trusts, life estate deeds, enhanced life estate deeds (lady bird deeds), or other appropriate planning techniques that work for you within the estate planning laws in Florida.
We. as your estate planning attorneys, examine federal and Florida estate tax issues, as well as income tax planning issues. We then develop a blueprint for the Florida wills and trusts, and other appropriate ancillary estate planning documents, such as a power of attorney, that will be needed to accomplish the efficient transfer of wealth at death through avoiding probate, the protection of your assets during your lifetime, and the care and the management of your assets in the event of your disability or incapacity.