If you are like most folks, you probably think that only wealthy people need a Jacksonville estate planning attorney to help them manage their financial affairs. However, that is simply not the case. If you want to be sure that your assets are dispersed according to your desires, then you need to hire a good estate planning attorney.
Do you own your home? What about vehicles, including recreational ones? Do you own property besides your home, or have other investments such as CD’s? If the answer is yes, then estate planning should be on your list of things to do. Even modest investments need to be protected and passed down correctly.
A Jacksonville estate planning attorney will be able to assist you in getting all of your paperwork in the right order so that your family will be taken care of when you pass away. There are several things that can be done, though you will need to discuss the specifics with your attorney.
For instance, you can establish one or more trusts that your beneficiaries will receive upon your death. These transfers are faster, easier and more private than properties left via a will. Wills must go through the courts, which makes them a part of the public record. Because there are unscrupulous individuals who attempt to scam recent recipients of large sums of cash, a private trust transfer is much more secure.
A good estate planning attorney can advise you which properties should be distributed in your will, as well as those that are best kept in a trust or two. Papers so that one of your family members can assume power of attorney in the event that you are incapacitated, and other relevant documents can also be discussed during your visits. You will sleep better at night once you have your estate straightened out!