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Estate Planning
Basic Estate Planning includes
the following; a Will, Living Will, Health Care Surrogate and a
Durable Power of Attorney.
The benefits of having a valid Will are numerable including but not
limited to: If you die with assets in your name, and without a will
your estate assets are governed by a Florida statute and not your
own choice. You do not select your own personal representative, the
person to see to it that your will is followed and who collects your
assets and settle your estate. If you have minor children who
inherit from you by statute, the Judge will appoint a guardian for
them and for their estates until they reach the age of eighteen.
This person could be selected by you in a Will.
Tax benefits of a Living Trust are for those whose combined estates
are more than the federal estate tax "applicable exclusion amount".
Many people would like to leave part of their assets to a church,
ministry or charity and they will therefore, need a Will.
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