No one wants to think about the end of life or being incapacitated. Unfortunately, this is why so many families are not prepared when they experience an unexpected tragedy. When you create an estate plan, this ensures your assets are protected. An estate plan provides your family with security and can outline your succession plan for your business as well.
An estate plan can always be modified. As your family grows or your business matures, the plan can be tailored to these changes at a later date. In the present, it’s important to establish an outline of where you want your assets to be distributed after you are gone. Our wills and estate planning lawyers in Tampa are here to help you do exactly that.
Estate Planning in Tampa
There is a common misperception that wills and estate planning is only for wealthy people. The truth is that estate planning is for everyone. If you earn a modest income, you have even more of a reason to want to ensure that your savings are protected at the time of your death. Even if you are not nearing retirement age, you want the peace of mind of a legal document in place that ensures that your family is financially safeguarded during a time of crisis. Estate planning in Tampa is comprehensive and can benefit everyone involved in a variety of ways.
A Few Things Every Person Should Consider
From legal guardianship of your children to developing a special trust to provide for your family in the future to minimizing estate taxes to ensuring your assets are rightfully distributed to beneficiaries, there are many benefits to establishing an estate plan.
Here are two questions every person should ask themselves in regard to their estate.
- What are my assets?
- Where do I want them to go when I’m gone?
The next question you should ask yourself is, “Do the answers to these questions align with what a probate court would do without an estate plan if you passed away?” There’s a high likelihood that they would not. Take control of your assets by contacting one of our wills and estate planning lawyers in Tampa today. By establishing an estate plan, we can help you manage and protect your estate and also provide you with peace of mind.
Our Law Firm Also Provides Succession Planning
Along with ensuring your family’s future is protected, we can also ensure that your business maintains long-term success after you retire as well. Our attorneys can assist you with appointing a successor and developing an exit strategy. The best time to begin this process is right now. Contact our law firm today.
For more information on estate planning in Tampa, please contact us today.
Disclaimer: The information contained in this article is for general educational information only. This information does not constitute legal advice, is not intended to constitute legal advice, nor should it be relied upon as legal advice for your specific factual pattern or situation.