Did you know a Florida estate planning attorney advises people of all ages on how to create a legacy that can protect them both in life and in death?  This practice of the law deals with all aspects of Florida estate planning for the conservation and disposition of estate assets, while giving due consideration to the applicable tax consequences, both federal and state. 

The lawyer, also known as a wills, trusts and estates lawyer, advises and then prepares legal instruments for clients to create his or her estate plan. This can include, but is not limited to, creating trust agreements, health care documents, funding the estate plan, administering the estate and protecting the estate in the event of probate litigation.

An attorney who is not experienced in estate planning may not be able to prepare an estate plan that meets your goals. There are different types of estate plans and you need an attorney who may create one that is specifically designed to meet your legal needs. For example, if the majority of your assets are  invested in Individual Retirement Accounts then you need an attorney who is experienced in drafting specialized IRA trusts that are designed to distribute these unique assets in a manner that does not give rise to immediate income taxation at your death.  

A Florida estate planning attorney can arrange, during a person’s life, for the management and disposal of that person’s estate. This means he or she can prepare strategies that can help minimize taxes such as gift, estate, generation skipping transfer, and income taxes. Estate planning also includes planning for incapacity during life and ensuring that the person is protected under all circumstances, including incapacity. The ultimate goal of estate planning is determined by the specific goals of the client, and may be as simple or complex as the client’s needs dictate. 

The attorney who does not practice in estate planning may not have the specialized education and training necessary to create an effective and cost efficient estate plan. We know that you may have questions after reading this article and encourage you not to wait to contact us to schedule a meeting in our office to ask them.