Are you looking for an estate planning attorney in Miami, Florida? Then, you are on the right page, as we are here to show how an estate planning attorney can help you formulate or review your estate plan. Hiring an estate planning attorney is an excellent decision since you want to create a legally valid estate plan.
When do you need an estate planning attorney in Miami?
There are several reasons why one might need the help of an estate planning attorney. One of the most common reasons people look for estate planning lawyers is when they have an estate plan prepared when they were young, which they now want to update or change. Another reason for hiring an estate planning attorney is when you have a large or blended family or have minor children or family members that require special care.
People also hire an estate planning attorney when they believe a family member might contest their will, especially if they own family businesses or properties. You may also want to hire a lawyer if you want to create a trust, have assets in other countries, or are worried about taxes related to inheritance or estate.
What does an estate planning attorney in Miami do?
What are the functions of an estate planning attorney? Well, you must know that all estate planning lawyers at our firm specialize in estate, trust, or probate-related federal and state laws. Therefore, they are well-versed in the law and can help review your estate plan. In addition, our estate planning attorneys will ensure you create or update the estate plan to align them with your interests and goals.
Our estate planning attorneys will help you prepare your last will and testament. These documents are required when you want to determine what will happen with your assets upon your demise. In other words, you will use the will or testament to identify individuals or organizations as beneficiaries of your assets. The documents will also help the court determine guardians for your children, especially minors.
Do you want to have a living will? We can help you develop one too! A living will is an advance directive generally used to specify what you want to be done to you if you become ill. This document allows you to communicate your wishes and preferences when you are not in the situation to communicate the same. A living will also help present preferences for your funeral.
You may wish to transfer your assets to a living trust. In such cases, you are willing to appoint a trustee to manage the trust fund on behalf of its beneficiaries effectively. Moreover, this arrangement ensures the transfer of funds doesn’t fall into probate. In other words, having a trust keeps you from the lengthy legal process of probate and saves you a lot of money.
An estate planning attorney in Miami can also help you determine beneficiaries for accounts in banks, life insurance policies, or other investments. When you appoint beneficiaries to such account funds, you ensure that the funds are passed onto the beneficiaries outside probate.
Our estate planning attorneys can also prepare your durable power of attorney documents. These documents help determine who can make financial or medical decisions on your behalf. Besides these, an estate planning attorney can answer all your estate planning questions and eliminate any confusion.
Connect with our estate planning attorneys today and book an appointment for your free 30-minute consultation!
Benefits of hiring a Miami estate planning attorney
Now that you are well-acquainted with why you might need an estate planning attorney, it’s time you realize how hiring an estate planning lawyer can benefit you in the long term. So let’s find out, shall we?