Estate Planning Attorney in Miami Lakes
Practical Estate Planning
With an extensive amount of experience helping clients with their estate planning needs, the Law Office of Madelin Diaz, P.A. remain uniquely qualified to offer individuals advice on estate planning matters. We successfully assisted organization and structure after death.
The combination of significant experience affords us the ability to offer authoritative information on the subject. We want to help you by offering this information from our estate planning attorney in Miami Lakes.
Keep it Simple
People often want control from beyond the grave. For this reason, they cultivate difficult provisions concerning either administration or enforcement. These situations often prove troubling due to transforming circumstances.
Keeping things simple avoids numerous problems. Although situations exist where simplicity is not ideal in the end, you should still consider every simple option first.
Living Trusts
Many clients ask us if a will is good enough for their situation, or if they can avoid probate without utilizing a trust through joint tenancy as well as a beneficiary designation. This is often wrong in most situations.
However, if you set up a trust properly, the situation may serve very beneficial. They avoid probate court, saving your loved ones extensive time and money. A proper trust serves your needs in death, as well as at incapacity.
Funding Your Trust
We often remind clients to fund their trust. This involves harping on the subject through letters, in meetings, through email, and also on the phone. It is extremely important to tie your assets to your trust.
Nonetheless, some exceptions exist such as retirement assets. Nevertheless, you should tie as many assets as possible to your trust. This includes the deed to your home, in addition to your banks and investment accounts. Additionally, hold these accounts in the name of the trust with your financial institution’s records.
Restate, Not Amend Your Trust
Numerous clients enter our office for a consultation with massive piles of paper concerning old and outdated trusts. In most cases, a restatement of trust provides one singular trust document. This affords an easy transition for your trustee as they carry out your wishes after death.
If your attorney suggests an amendment as opposed to a restatement, ask them about restatement as a potential alternative. You can also enlist the services of our estate planning attorney in Miami Lakes.
Consider a Co-Trustee
Some individuals do not wish to list their child or other trusted individual on their bank account. Nevertheless adding a trustee or co-trustee while you remain amongst the living will substantially benefit the situation.
By doing this, the individual listed on your account is prepared when you go in for a medical treatment, or to a nursing home. They additionally remain on your account in the event of death. This enables a situation offering no delays to access your funds as they pay your bills.
Consolidate and Streamline
Look into consolidating your assets as you can. The fewer accounts to wield when you die, the easier the situation is for your successor trustee. Maintain awareness of insurance coverage issues. However, most individuals can consolidate their accounts with no concerns.
It is additionally important to remove any minute or unimportant accounts. This may concern a $100 savings bond. Weigh any interest rate or tax benefits against potential headaches that you might leave for your loved one.
This could also include rights in other states, small partnership interests, timeshares, or other small assets. If you possess any doubts about an asset, cut it out!
Planning Your Estate for the Future
Even the smallest situation involving leaving a posthumous gift to your grandchildren may result in significant legal discussion. If your attorney does not possess experience at cleaning up these possible messes they do not know all the options and their ramifications.
It is important that your specific attorney is up-to-date and practices estate law. They should also impart significant experience in this area.
Estate Planning Attorney in Miami Lakes from the Law Office of Madelin Diaz, P.A.
If you experience difficult preparing your estate for an after death circumstance, our estate planning attorney in Miami Lakes can help you. The Law Office of Madelin Diaz, P.A. takes pride in educating clients on different estate planning strategies and benefits. This will help make the transition of your estate far easier.
Our South Florida firm possesses extensive experience helping clients with their estate issues. We additionally take the necessary time to get to know each and every client, understanding that not every estate planning issue is the same.
The Law Office of Madelin Diaz, P.A. cultivates unique, individual strategies to assist clients with their needs. No matter how complicated your situation might be, we can help you. We believe that every client deserves the utmost attention, as well as preeminent legal guidance.
Planning for your estate after death will protect your assets, as well as ensure that your trustee carries out your best wishes efficiently, and in the right way. This will additionally protect your friends and loved ones, receiving what they should, and under the right circumstances.
By letting our law firm invest the necessary time and effort into your case, you can feel confident that we get the job done right. These cases often concern several varying facets, it is important that you enlist the services of a qualified and experienced attorney in this field.
For more information on an estate planning attorney in Miami Lakes, as well as our firm and how we can help you, contact the Law Office of Madelin Diaz, P.A. today!
