Estate Planning Attorney in Tampa
There are few legal services as comprehensive as estate planning. Our estate planning attorneys in Tampa not only provide our clients with essential end of life legal documents, we also provide them with the peace of mind they require before they pass on.
What Services Does an Estate Planning Lawyer in Tampa Provide?
Even if you’re not wealthy or nearing retirement, it’s important that you establish your end-of-life wishes. These requests can always be revised at a later date. There are many important tasks that an estate planning lawyer in Tampa can assist you with.
Drafting a Will
Every adult should have a legal document that clearly states their last wishes. After the authenticity of this document is verified, the will establishes many critical end-of-life requests including:
- Transferring property to a family member
- Establishing where assets should be distributed
- For single parents, you can appoint a guardian for your children
- Name an executor of your estate
Assistance With Probate
Probate court is a highly complex legal procedure that determines the validity of a will. It’s also the initial process of distributing assets of an estate to the beneficiaries and confirming the executor of the estate.
Trusts are created for a variety of reasons, but primarily to manage and protect assets. An estate planning attorney can develop several types of trusts for you including revocable, irrevocable, grantor, or testamentary trusts.
Minimizing Estate Taxes
Federal and state taxes can greatly impact an estate during the asset distribution process. Our attorneys can minimize your estate taxes so that the total value of your assets is not compromised. There are many strategies we can implement to reduce your taxable income from setting up trusts to giving charitable donations.
If you become incapacitated, an estate plan can designate a family member to make critical decisions on your behalf. You can also define any of your medical wishes when incapacitated.
For business owners, you can create an exit strategy for your business that ensures that your company will be protected. We can assist you with appointing a successor and create a retention or buy-sell retention plan defining your interest in the company.
Create an Estate Plan Today
Estate planning is one of the few services that truly provides clients with constant support. As a client’s family and business grow, their estate plan needs to be developed accordingly. Without an estate plan, the probate laws in the State of Florida will decide where your assets are distributed. Ensure that your end of life wishes are satisfied and protect your assets today by creating an estate plan.
If you would like to speak with an estate planning attorney 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.