You can get legal assistance for estate planning in Leesburg by reaching out to Bogin, Munns & Munns. An estate planning lawyer can help you develop a strategy for protecting your assets and your family members.
You can focus on asset and estate protection by calling our team at (352) 728-3773. Begin going over all of your legal options for estate planning and avoiding probate court by reaching out to us now.
Allow an Estate Planning Lawyer to Help With Your Specific Goals
Estate planning in Leesburg, FL, is not a one-size-fits-all process. You have unique objectives and goals for the estate planning process. You may also have specific concerns about your assets and your beneficiaries that should be considered by your estate planning lawyer.
Your estate planning lawyer can review your needs as a first step in preparing an estate plan for you. After developing an understanding of what you want from the estate planning process, your lawyer can begin drawing up a plan for you.
You may need to provide your lawyer with access to financial documents as they work on your estate plan. Your lawyer may also speak with your certified public accountant (CPA), financial advisor, or insurance representative in order to construct an estate plan that will meet your needs.
Get Help Completing the Estate Planning Documents in Leesburg
The estate planning process in Florida often involves completing a number of specific legal documents. These documents allow you to legally make decisions about your future and the dispensation of your assets. Depending upon your situation, you may need to complete a:
- Revocable living trust
- Durable power of attorney for finances
- Living will
- Designation of health care surrogate, per Florida Statute §765.202
Each document associated with estate planning has a different purpose. A will or a revocable living trust may allow you to legally record how you would like your assets divided in the event of your death. These documents may reduce anxiety and confusion. A Leesburg estate planning lawyer may be able to ensure these documents are written in a clear, straightforward, and easy-to-understand fashion.
A durable power of attorney for finances specifically allows you to designate someone to handle your financial decisions if you are unable to make these choices. Finally, a living will allows you to officially record your wishes for end-of-life care. You can designate a representative to ensure your choices are respected by completing a designation of a healthcare surrogate.
The team at Bogin, Munns & Munns may be able to help you complete all paperwork associated with estate planning. A lawyer can walk you through the legal ramifications of these documents. Discuss your options for estate planning by calling us at (352) 728-3773.
Asset Protection and Estate Planning in Leesburg
You may be interested in asset protection as part of the estate planning protection in Leesburg. Setting up an asset protection plan can protect your wealth from creditors in many different situations. An estate planning lawyer can discuss multiple options to protect your assets. Some examples of asset protection can include:
Florida Homestead Protection
Under Florida Statute §196.031, this type of asset protection can protect your homestead property from creditors if you are a Florida resident and intend to live in the property. You may want to file a “declaration of domicile” when establishing Florida Homestead Protection.
Tenants by Entireties
Only married individuals can seek asset protection through tenant by entireties. Additionally, only one spouse can carry the debt for this type of asset protection to apply. This form of asset protection will no longer apply if one spouse dies or if the couple gets divorced.
Florida Statutory Protections
There are a number of asset protection statutes in Florida’s legal code. You may be able to seek protection for annuities, wages for the head of the household, retirement accounts, and more. However, these statutes can be challenging to understand. You can get help reviewing asset protection strategies with an estate planning lawyer in Leesburg.
Estate Planning in Leesburg and the Probate Court
Many individuals in Leesburg become interested in estate planning as a way to avoid probate court. If you do not have a clear-cut estate plan, your estate can end up in probate court in the event of your death. Your assets may be tied up in probate court for an extended amount of time before your beneficiaries can access them.
You may be able to reduce delays in the distribution of your assets by working with an estate planning lawyer in Leesburg. Your lawyer can take steps to make certain the distribution of your assets will be carried out according to your wishes.
Handling estate planning can also help your beneficiaries avoid fines and fees associated with probate court. These fees can cut into the assets you worked hard to earn during your life.
Take Charge of Estate Planning in Leesburg Right Now
It can be tempting to put off the estate planning process. However, you can leave your loved ones without a clear idea of your wishes without an estate plan in place. You can reach out to Bogin, Munns & Munns to get help setting up an estate plan in Leesburg. Your estate plan can include information on:
- How you would like your assets divided
- Management of your property for minor children
- Guardianship of minor children
- The individual who should execute your will
You may also include information about the payment of any debts or taxes in your estate plan in Leesburg. Work with an estate planning lawyer to focus on creating a plan that is easy to understand and accurately conveys your wishes.
Speak to a Leesburg Estate Planning Lawyer
Handling estate planning does not have to be a stressful experience in Leesburg. The team at Bogin, Munns & Munns may be able to help you set up an estate plan that will meet all of your needs. You can contact our legal team easily. Just call (352) 728-3773, so we can offer you a consultation. Review your legal options with a Leesburg estate planning lawyer.