Planning your estate does not have to be a stressful endeavor with Bogin, Munns & Munns on your side. Since 1979, our law firm has been helping people write wills, manage custodial arrangements, and distribute their assets after their passing. A Kissimmee estate planning lawyer can help you with these tasks. We want you to have peace of mind knowing that, in the event of your incapacitation or passing, your loved ones are taken care of.
We encourage you to talk to our team today about your affairs. A representative from our firm can explain how a lawyer can help you with your estate planning goals. To get started, call (407) 870-1919.
Explaining the Many Aspects of Estate Planning
You do not need to be a multi-millionaire to plan your estate. Essentially, the term “estate planning” is creating a plan of action if you are unable to make certain decisions or pass away.
Our Florida law firm can help you with:
Creating a Custodial Arrangement
Right now, thinking about your passing may be the last thing on your mind. However, to ensure the safety of any minor children, you should have a custodial arrangement in place.
This could serve a variety of purposes, including:
- Limiting intrafamilial conflict. Without a custodial arrangement in place following your passing, your loved ones may argue over who has custody of your children. This could lead to a time of uncertainty for your children, creating emotional issues and distress. By having a written arrangement, you can provide a future for your children even when you are not there.
- Making the transition period smoother. If you have a terminal illness, having a custodial arrangement in place could make the transition smoother in the event of your passing. You can start preparing your children for a new phase in their lives by planning your estate.
A lawyer from Bogin, Munns & Munns can provide more information about how you can make custodial arrangements for your children.
Creating a Living Will
Many people see the words “will” and “living will” and view them interchangeably. This is not the case. A living will is a document that provides guidance in regard to your end-of-life medical care. For instance, the idea of being on life support for a prolonged period may not appeal to you. By having a living will in place, your family can make decisions in accordance with your wishes.
Managing the Distribution of Your Estate
The term “estate” applies to any properties or assets that you own. This could include houses, cars, and stocks. It can also apply to money, as well. After your passing, if you do not have a will in place, your friends and family may argue over who should be entitled to what. Matters might get even more complicated if you were separated from your spouse at the time of your passing.
Your will can:
- Establish a trust
- Prevent the law from seizing your assets
- Make gifts to charity or other organizations upon your passing
- Name guardians for minor children
- Name your beneficiaries
Bogin, Munns & Munns can manage your estate planning-related obligations. To talk to a member of our team, call (407) 870-1919.
State Law and the Estate Planning Process
Depending on your situation, both federal and state laws may apply to your circumstances. One of those laws is Florida Statute § 741.211.
Under this law, Florida does not recognize any common-law marriages that began after January 1, 1968. The state does not care how long you were living with your partner and the nature of your relationship. In Florida, common-law marriages are not offered the same benefits as formalized marriages.
If you have no intention of marrying your current partner but want them to get the same benefits that would be offered to your lawful spouse, listing them as a beneficiary in your will could take care of them after your passing. Your lawyer can explain whether any exceptions to this statute apply to your case.
Additionally, Florida Statute § 732.108 notes that children born out of wedlock are entitled to the same benefits as legitimate children. However, this can become complicated. One way to ensure all of your children get the benefits you want is to clearly outline your intentions in writing. This is where a Kissimmee estate planning lawyer can help you understand your legal rights.
How Bogin, Munns & Munns Can Help You
Our team understands that estate planning can be stressful. However, we can help you manage your affairs so that you do not have to worry about anything. First, we can help you understand the value of your assets. For instance, you may have collectibles that hold significant values. Our team can consult with appraisers to learn the value of these items. Additionally, we can determine the value of your cars, home, and other possessions.
We can also provide assistance by:
- Explaining how the law applies to your case
- Drafting your will
- Determining who should share custody of your children
- Proactively working to address any challenges to your plans
- Notarizing all documents
We are eager to learn more about your circumstances. We can chart a course of action on your behalf.
Call Bogin, Munns & Munns To Learn More About Your Options
Estate planning does not have to be difficult with a Kissimmee estate planning lawyer on your side. We are determined to make this process as easy as possible. We encourage you to call our Florida law firm today. By contacting our team, you can start the estate planning process.
Learn more by calling (407) 870-1919.