Estate planning in Titusville is a legal process that may allow you to protect your assets. Estate planning may also allow your loved ones to avoid probate court as they work to sort out your estate. You may want to get legal help taking care of estate planning to ensure the process is completed to your satisfaction.
The team at Bogin, Munns & Munns can take steps to help you with estate planning. You can easily contact us to review your legal options in Florida by calling (407) 578-9696. A Titusville estate planning lawyer can help you start deciding your future now.
Get Comprehensive Help with Your Estate Plan in Titusville
Many individuals in Titusville think immediately of their will when considering estate planning. Your will is an important document when it comes to ensuring your wishes are known. With a will, you can record information about:
- How to distribute your assets.
- How to care for your children.
- How to execute your wishes.
However, a will alone is often not enough to complete the estate planning process in Titusville. Depending upon your situation, you may also want to complete additional documents to ensure your wishes are respected. An estate planning lawyer may advise you to fill out a:
- Living will to report your wishes regarding healthcare if you are incapacitated, as stated in Chapter 765 of Florida Statues.
- Power of attorney to give someone else authority to make financial decisions for you if you are incapacitated, as stated in Chapter 709 of Florida Statutes.
- Advance guardianship directive to select a guardian in the event you are unable to care for yourself, as stated under section §744.3115 of Florida Statutes.
These are only examples of documents involved in estate planning. The exact legal steps you should take can vary widely based upon your unique situation. You can discuss the aspects of your estate planning with a lawyer at Bogin, Munns & Munns.
Estate Planning in Titusville Can Benefit Anyone
Estate planning in Titusville is sometimes considered a process that is only useful to the very wealthy. However, much of the estate planning process focusses on following your wishes if you are incapacitated and unable to speak for yourself.
Anyone can set an estate plan in place in Titusville. Working with an estate planning lawyer can allow you to decide how complicated your estate plan should be. You can work with a lawyer to decide how you would like your assets divided. You can also use estate planning to make decisions about:
- Who can control your finances.
- Whether you would like extraordinary steps taken in an emergency medical situation.
- Who should care for your children in the event of your death.
You should be aware that no one can legally make decisions for you after you turn 18 unless you give them permission through the legal system. You may be placed in a guardianship if you have not completed estate planning and become incapacitated. Guardianships are often more expensive than other options associated with estate planning in Titusville. Review your options for estate planning by calling us at (407) 578-9696.
Estate Planning in Titusville Can Adapt to Your Needs
Here at Bogin, Munns & Munns, we understand that no two people require the exact same things from their estate plan. We may be able to go over all of your financial and familial situations to meet your needs through the estate planning process.
Estate planning may require additional considerations in some situations. For example, if one of your beneficiaries has special needs, this can complicate the estate planning process. Your beneficiary could lose access to government benefits depending upon how your assets are handled.
You may want to work with a Titusville estate planning lawyer to ensure your wishes adhere to all laws set forth at the federal and state level. Taking this step during estate planning can help reduce stress and financial issues for your loved ones.
Keep Your Estate Plan Updated Over Time in Titusville
Estate planning in Titusville is often not a one-time process. You can set up an initial estate plan with the help of a lawyer. However, major changes in your life may require you to go back and update your plan to ensure it continues to meet your needs. For example, you may need to work with an estate planning lawyer in Titusville again if:
- You divorce your spouse.
- One of your children divorces a spouse.
- One of your beneficiaries passes away.
- You receive a major medical diagnosis.
- You purchase a property.
Any major change to your financial or family situation may require adjustments to your estate plan. Making these adjustments quickly may ensure that your wishes are followed in the event that you are incapacitated. Therefore, it is important that you keep your estate plan up-to-date in Titusville.
Probate Court and Estate Planning in Titusville
Many people first consider estate planning as a way to avoid the Florida probate court system, as presented by Florida Courts. Your estate may end up in probate court if you do not leave clear directives about how you want your assets distributed.
Note that you must legally decide how to divide your assets in order to keep your estate out of probate court. Generally, making your own will not be sufficient to avoid probate court. You can speak with an estate planning lawyer to find out exactly which documents you need to fill out to divide your assets as you want.
The probate court system may tie up your assets for a significant amount of time, keeping them out of the hands of your beneficiaries. Additionally, the court may take funds out of your assets to pay for fees or debts associated with your estate.
Speak to a Titusville Estate Planning Lawyer Now
You are not alone if you need to take care of estate planning in Titusville. You can get legal help on your side by contacting Bogin, Munns & Munns. Speak to one of our team members by calling (407) 578-9696 for a consultation. Review the documents associated with estate planning and go over what you want out of the estate planning process. Protect your assets by working with a Titusville estate planning lawyer now.