Elder Law
  ·Estate Planning, Probate, & Settlement

What exactly is estate planning?

An estate plan is a detailed roadmap for your future. Estate planning includes preparing for your retirement, for the possibility of disability, and for death. Considering the possibility of disability or death is unpleasant, but leaving yourself or a loved one without the proper care or financial resources can be even worse.

How should I plan my estate?

When planning your estate you must assess your current situation (finances, assets, health, etc.) consider all of your options, determine what your priorities are for the future, then set down a plan to make that future a reality for you and your loved ones. This process can be long and complicated, and you may encounter a wide range of legal, financial, emotional, and logistical problems. A lawyer who specializes in estate planning can help make this process easier.

What are the benefits of estate planning?

Estate planning allows you to have complete control of your own affairs. You can give what you want, to whom you want, when you want, regardless of your mental or physical health. An estate plan can help you save money on taxes, professional fees, and court costs. Estate planning can outline instructions for your care and the care of your loved ones if you are hospitalized or disabled, allow you to have absolute control of all your property, help you avoid probate and the costs associated with it, create trusts for your children and grandchildren, and keep you from losing excessive money on estate taxes.

What if I don't plan for the future of my estate?

In many cases you or your loved ones could end up in court. This can be very costly, both emotionally and financially. We highly recommend that you sit down with a professional and plan your estate. However, if you or a loved one has not planned your estate and you currently find yourself in need of legal assistance, we can help. Don’t let the State of Florida (by the Intestacy Statute) decide where your property goes at your death. Do something about it. We can help.

Whom do I contact?

If you or someone you know would like to have an attorney answer your questions about estate planning, probate, or trust settlement, please contact The Schofner Law Firm.