Law Firm of Michael W. Porter
535 49th Street North
St. Petersburg, Florida 33710
(727) 327-7600

Estate Planning


               Florida Estate Planning – Wills and Trusts

 

            Both you and your family will benefit from having an estate plan in place.  Regardless of your age or financial status, it is important for you to make an estate plan to control the disposition of your assets and income in the event of your incapacity or death.
            At the Law Firm of Michael W. Porter, Mr. Porter will meet with you to review your assets, liabilities, and goals to work with you in either creating an estate plan for you, or in modifying your existing estate plan.
            Before you meet with your attorney, it is important that you organize your documents and decide on the goals you wish to achieve in your estate plan.  We have provided a questionnaire to assist you in this process.  Please complete this Estate Planning Questionnaire as fully as possible and bring it with you to your first appointment, along with copies of your current last will and testament, trust agreement, or other legal documents. It will also be beneficial to you to complete the Asset Organizer to assist with the development of a plan to avoid probate.

 

and

Asset Organizer (Adobe)

 

 

            The following will assist you in learning more about estate planning in Florida.

• Last Will and Testament – Your written direction for distribution of your assets upon your death.

• Living Trust – For some individuals, a Living Trust is the most practical way for them to avoid probate, plan for incapacity, and distribute assets upon death
.
 

• Testamentary Trust – Your last will and testament may include the creation of a trust upon your death under certain conditions.  This type of trust is often used when your beneficiaries include persons under the age of eighteen (18).

• Living Will – This document does not control the disposition of your assets.  A Living Will directs that life prolonging procedures be withheld or withdrawn should you ever be diagnosed with a terminal or end stage condition
.

• Health Care Surrogate Designation – Designating someone to make health care decisions for you in the event that you become incapacitated, either temporarily or permanently, is an important part of every estate plan.

• Power of Attorney – Designating an agent to sign legal documents on your behalf and managing your property is important in planning for your future needs.  A “Durable” Power of Attorney can be used to name someone to act on your behalf, even if you become incapacitated.  It is also possible to delegate authority to another person to make medical decisions for your minor child or children by power of attorney.

• Preneed Guardian Designation – You may name a person to act on your behalf as legal guardian in the event that you ever need a court appointed guardian.  Without a preneed guardian designation, the court could appoint someone who is a stranger to you as your legal guardian.

• Probate Avoidance – Through the proper use of beneficiary designations and correct titles to your assets, it may be possible for you to meet the goals of your estate plan and also avoid probate.

 

Please contact our office to schedule an appointment with
Michael W. Porter, Esquire.

Phone (727) 327-7600
 


The information you obtain at this site is not, nor is it intended to be, legal advice. You should consult an attorney for individual advice regarding your own situation.

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