Adams, Briggs & Briggs, Attorneys at Law, has been helping east central Florida residents protect their financial legacies for many years. Our firm can help with a wide range of estate planning tools and documents. We can draft a simple will to declare heirs. We can also place assets in a trust to help avoid the time and expense of probate and minimize the taxes that your beneficiaries have to pay.
Do You Need A Will?
Many people forego drafting a will because they assume their property will automatically transfer to their surviving spouse or children upon death. While it is true that the Florida probate courts take surviving family members into consideration, having a will in place makes the probate process simpler for your family. In addition, a will can spell out exactly how you want your assets to be distributed; reducing or eliminating the possibility of a family member, stepchildren or other party from contesting the distribution of assets. A valid, updated will is the best way to make sure your final wishes will be followed by the courts.
Irrevocable Living Trusts
People set up irrevocable living trusts to protect their financial assets from high estate taxes upon death. By setting up a living trust now, you retain the right to set the rules for how the trust is funded over your lifetime, who you want to serve as an independent trustee and exactly how the money should be distributed.