First, it’s important to know that each state may have different laws that override your plans if you don’t know what you’re doing. When it comes to estate planning in Florida, we specialize in helping you make sure your business and wealth are distributed how you wanted.
Okay, so what’s included in estate planning?
- Listing your assets and businesses
- Understanding taxes
- Determining who gets what
- Different types of documents
Nobody wants to think of difficult times. And yet, the topic can’t be pushed aside and ignored, or your dying wishes might not be resolved as you’d hoped. Maybe you expect to get to it later. What if you become mentally incompetent? It could be too late.
Here’s the basics you’ll want to know to get started in estate planning. It doesn’t have to be overwhelming. We can help. Let’s first break down what’s involved. This can show you that the process isn’t excruciating, and getting it taken care of is a smart move.
Listing Assets and Businesses
You’ll go through and list the things that you own, like stocks, property, valuables, and any businesses. Consider life insurance, along with credit union accounts, cash accounts, or your 401k funds.
Understanding Taxes
There are four different types of taxes you need to know about. We’ll go over each with you, so you understand their impact, whether it’s: estate taxes, income tax, generational taxes, and gift taxes.
Determining Who gets What
You can be specific or general in your requests. Documenting this information will help us make sure your belongings and assets get passed on to those you requested.
Different Types of Documents
Your Last Will and Testament is what most people think of, but there are other documents to consider. You’ll want to understand Power of Attorney documents, Living Will documents, along with Advanced Health Care Directives.
At Robinson & Casey Law, we can help you go through the confusing process of estate planning, simply and easily. Leave the stress to us and know that your final wishes will be honored.
