Estate Planning Lawyer in Naples
What Could Happen Without a Professional Estate Plan?
Estate planning represents a significant step and systematic approach towards ensuring that your personal, as well as financial affairs, remain in order should you experience unfortunate death or mental incapacitation.
This is a basic legal document and necessary to plan for death, further serving as a last will and testament. The document additionally contains a written set of instructions to your executor and loved ones. It covers how you want your estate executed.
If you pass on without making an estate plan before death, then the estate is divided amongst your intestate heirs. Additionally, in the instance of present minor children, a probate judge decides who receives custody of these children, as well as who manages their inheritance until age 18.
Unfortunately, state law often produces different results than your true intentions. Additionally, you may own real estate outside of the state where you claim residence. This could result in multiple sets of beneficiaries concerning your estate.
The Law Office of Madelin Diaz, P.A. is an experienced team of professional lawyers that assists individuals in Florida with their estate planning needs. An estate planning lawyer in Naples represents a crucial resource for people that need assistance getting their affairs in order. We want to impart some information regarding estate planning as well as why it is important.
What Happens If you Die before Cultivating an Estate Plan?
Every state imparts different legal procedures resolving who inherits property when the deceased did not develop a valid will. These procedures are called intestacy laws.
If an individual dies without a valid will and testament, the laws of the state where the person owned real estate at the time of death determine who inherits their property. Although every state imposes different laws and regulations, most jurisdictions will follow a similar, generalized pattern.
First, the deceased’s spouse and/or children will inherit the property. In the event that there is no spouse or offspring, the inheritance moves to their parents, then brothers and sisters, and finally nieces and nephews. Furthermore, when there is no direct inheritor, the IRS could obtain the bulk of the estate.
To put it simply, the only way to ensure that your estate goes to your intended beneficiaries after your death is cultivating a professional estate plan. A qualified estate planning lawyer in Naples can help you draft an ironclad document to ensure an executor properly carries out your wishes.
Can’t I Write My Own Will?
For many people writing their own will may seem like a good idea. However, this reflects only one facet you need to address in estate planning. Many people enter our office after finding estate planning software or will forms online. Unfortunately, these forms keep things far too simple in order to maintain compliance with the regulations in all 50 states.
If your situation is anything outside of the most basic circumstances, you could end up leaving your loved ones scrambling for answers after you die. Ensure that you craft a professional document by enlisting a qualified estate planning lawyer in Naples before it is too late.
Similar to fingerprints, an estate plan is entirely unique and individual. What works for one family is likely substantially different from what is suitable for your sister or neighbor. This means that a generic estate plan does not properly serve you or your loved ones.
Just as you visit the doctor when you develop a condition or illness, or the dentist to help the pain in your tooth cease, an experienced, professional estate planning lawyer in Naples is the preeminent resource for your estate planning needs.
This individual or form is familiar with probate, trusts, as well as estate tax laws. It is additionally important that you not forget about differences in real estate law. If you possess property in another jurisdiction from your resident state, this may exacerbate your difficulty. The time and money you invest in an estate planning lawyer in Naples is a prudent investment in both the short and long run.
Estate Planning Lawyer in Naples from the Law Office of Madelin Diaz, P.A.
Our firm can help guide you through planning your estate, in addition to any posthumous concerns and wishes. This guarantees that your trustee or executor can easily execute their legal responsibilities respecting your wishes advocating on your behalf.
The Law Office of Madelin Diaz, P.A. assists individuals with a wide variety of legal needs. This includes estate planning, as well as crafting a professional last will and testament. Our attorneys spend a significant amount of time getting to know each and every client. This helps them understand client needs while assisting them with their estate planning needs.
We understand that no one wants to think about death, especially in the prime of their life. However, estate planning remains vitally important. This procedure ensures that your property and even your children are protected should you become incapacitated, or unfortunately die. Our estate planning lawyer in Naples will help you properly plan for any of these unforeseen circumstances.
Don’t navigate complex and convoluted legal matters alone, enlist a qualified, professional estate planning lawyer in Naples to assist with your estate planning needs. For more information on how we can help you manage your posthumous estate while acting as an advocate on your behalf, contact our caring and concerned legal team today.
Ensure that your best wishes remain intact and your property remains protected, enlist an attorney from the Law Office of Madelin Diaz, P.A. today. We want to help execute your best wishes when you cannot defend them yourself.