It is never too early to draft your will and protect your legacy through proper estate planning. However, estate planning is so much more than drafting a will. Proper estate planning is important to people in all walks of life. Have you made clear how you want your medical care to be handled should you become seriously ill or incapacitated? A living will or advanced directive can ensure that your wishes are honored. Do you own a home? Do you have children or grandchildren? Do you have money saved? A will or trust can protect your legacy and ensure that your assets are distributed in accordance of your wishes.
While it might be tempting to use template wills you can find online, those wills won’t be able to take into account your family’s unique financial needs and health situation. The estate planning lawyers in Port St. Lucie, Florida at the Estate, Trust, & Elder Law Firm, P.L. can help you understand your options, rights, and the implications of the kind of estate planning structure you plan to use. For example, our estate planning lawyers can help you decide whether a will or a trust is the best estate planning instrument for your situation. Our firm can also help you with other legal protections, such as helping you draft an advanced directive or living will that can specify your wishes regarding medical care should you become too ill to make decisions for yourself. These documents can also clarify your wishes regarding how you want your financial matters handled should you become too ill to make decisions.
If you are beginning to think about writing your will or are thinking about what would happen should you become ill, the Estate, Trust, & Elder Law Firm, P.L. are estate planning lawyers in Port St. Lucie, Florida who may be able to help you. Our firm can help you with your will, with your living will, power of attorney and advanced health care directive. Contact us today to begin planning.
How to Write a Will in Port St. Lucie, Florida
When writing your will, no advice you can find online can replace the sound counsel of a qualified estate planning lawyer, like the ones at the Estate, Trust, & Elder Law Firm, P.L. in Port St. Lucie. An estate planning lawyer can help you understand how each estate planning instrument you use, whether it be a will or a trust, will impact your family’s finances and tax obligations. While it is a great idea to take the time to think about the property you want included in your will and make decisions about who your beneficiaries will be and how your property will be distributed should you pass away, nothing can replace the comprehensive advice that you would get from our estate planning law firm, the Estate, Trust, & Elder Law Firm, P.L. in Port St. Lucie, Florida.
What should be included in your will?
- Beneficiaries should be named.
- Name an executor (Personal Representative). The executor can be a trusted family member or a lawyer at the Estate, Trust, & Elder Law Firm, P.L. The executor will be responsible for seeing the will through the legal process known as probate during which the will must be filed with the court, proven valid, and during which your property and assets will be listed and appraised, debts paid, and assets distributed in accordance of your wishes.
- Consider children and pets. Who will care for your minor children should you become ill or pass away? Pets are considered property, but often individuals will include money for their pet’s care along with naming a trusted family member or friend to care for pets.
- List your assets and be specific about who will get what. This can be the most challenging part of writing your will, but it is important to consider all your assets and to be specific about who gets what.
- Properly sign and notarize your will. You alone cannot sign a will and expect it to be valid. It must be signed before witnesses and should be notarized.
These are just some basic considerations you should consider when writing your will. However, nothing can replace the guidance of an estate planning lawyer. The Estate, Trust, & Elder Law Firm, P.L. in Port St. Lucie, Florida are estate planning attorneys who can also help you understand tax implications and Medicaid issues that can arise with estate planning matters. Even if you plan to mostly write your will yourself, it is always a good idea to have your will reviewed by a qualified estate planning lawyer in Port St. Lucie, Florida.
Living Wills, Advanced Directives, and Durable Powers of Attorney
When planning for end of life, having a will and trust in place is important, but equally important is having advanced directives in place, which include a living will, power of attorney and health care surrogate instructing your family or loved ones about your wishes for medical treatment and your wishes for how your finances should be managed should you become too ill to make decisions for yourself. Should you ever be in a coma, become seriously ill, suffer from advanced dementia, or become injured and unable to make medical decisions, a living will can instruct doctors and your loved ones about what medical decisions they should make. A power of attorney can grant a family member or a loved one the ability to handle your financial affairs should you become too ill to make these decisions. When it comes to estate planning, planning for what will happen to you and your finances should you become seriously ill should also be part of any estate plan you make. The Estate, Trust, & Elder Law Firm, P.L. in Port St. Lucie, Florida is an estate planning law firm that can help you with end of life planning, planning for serious illness, writing your will, advanced directive, or durable power of attorney.
Handling All Your Estate Planning Needs in Port St. Lucie, Florida
The Estate, Trust, & Elder Law Firm, P.L. in Port St. Lucie, Florida is an estate planning law firm that can help you with your end of life planning needs. Don’t wait until it’s too late to write your will, establish a trust, or make clear the decisions you would want made should you become ill or disabled. The unexpected can happen. Protect your children, your grandchildren, and your future. Contact the Estate, Trust, & Elder Law Firm, P.L. in Port St. Lucie, Florida, an estate planning law firm today.