Creating Wills And Trusts Tailored To Your Needs
One of the most common misconceptions about wills and trusts is that they are for only the very wealthy or the very elderly. On the contrary, every adult should have a will and, if applicable, one or more trusts.
At Michael T. Heider, P.A., we can help you explore your options when it comes to wills, trusts and other estate planning tools. For more than 15 years, Mr. Heider has assisted clients throughout Florida in making customized estate plans to preserve their wealth, pass their assets to the next generation and have peace of mind regarding their final wishes.
The Importance Of A Will
Even for the young and healthy, life is unpredictable. You do not know whether a sudden illness or accident will render you incapacitated or take your life. It is crucial to have an estate plan with a last will and testament in which you identify a power of attorney, give directives for your medical care and give instructions on how to disperse your assets. If you do not have a will, the state of Florida will use its laws of intestacy to make decisions for you – decisions that you might not have chosen yourself.
Why Create A Trust?
Trusts go a long way toward protecting your assets from taxes or from unwise spending by a beneficiary. A trust is an arrangement in which a trustee manages certain assets for the benefit of a third party such as your child or grandchild. If you put money, real estate or other assets into a trust, they do not have to go through probate. You also have greater control over how the trust is used by the beneficiary. Some trusts are even nontaxable.
Discuss Your Options With An Estate Planning Lawyer
If you are curious about wills and trusts – or if you already have them but need to adjust them – contact Michael T. Heider, P.A. We can assist you. For a free, no-obligation consultation, please call us at 888-497-1369 or send us an email.