Most of the time, people do not want to think about getting old. However, it happens anyway, and unfortunately, it often happens faster than we think. Even though it may seem like a far-off event, planning for what will happen to those we love after we die can give us a sense of peace, security and control. That’s why it makes good sense to learn about how an estate planning lawyer can help you protect your assets. Having your house in order makes getting older a little less scary, and helps you enjoy life more as you age.
Overall Planning for Asset Protection
There are a number of legal issues to understand when it comes to estate planning, and some can be rather complex. There’s the issue of how much and what kind of medical care you want if you should develop a terminal illness or become incapacitated. If you are unable to make your own decisions, who will you trust to do it for you? There are also a number of financial issues, like who will inherit your home and savings. If you or a loved one must go to a nursing home, who will pay the bill, and will it eat up all of your life savings? These are the touch and complicated questions that you do not want to leave up to chance once you find yourself in this type of situation.
Wills and Trusts
Nearly everyone is familiar with wills, which are legal documents that outline how someone’s money, property and other affairs will be distributed or handled after death. A will helps people to make their final wishes known. A trust is a legal arrangement that gives someone control over the assets of another. Trusts are sometimes created as part of estate planning in order to protect assets that may otherwise end up in probate or that may be depleted for payment of nursing home bills or similar.
Call to Schedule a Free Consultation With an Estate Planning Lawyer in Florida Today
If you are interested in planning your estate, call to schedule a free consultation with an estate planning lawyer in Florida today. The experienced law firm of Finnell, McGuinness, Nezami & Andux, P.A. will give you the kind of professional legal advice you need to create an estate plan that serves you and your loved ones well. Contact our Jacksonville, Florida office at 904-717-7747 and let us help you to get peace of mind.