Estate Planning |<\/a>\u00a0\u00a0Estate planning is essential for anyone that wants to protect their family and their assets. Here are ten estate planning\u00a0tips.<\/p>\n1) Make a Will. This is the most important tip. Without a will, you have no control over how your assets will be<\/p>\n
distributed. Your assets will instead be distributed according to Florida law, which could result in some needy family<\/p>\n
members being left out in the cold, or assets otherwise being distributed unfairly. Dying without a will can also force your\u00a0family to be involved in more length probate proceedings and cost them more money in taxes.<\/p>\n
2) Keep Your Will in a Secure Place. Typically, the best place to keep your will is in the possession of your attorney or<\/p>\n
locked in a safe place at your home. Never leave your will in a hidden spot where others may not find it.<\/p>\n
3) Consider the Tax Implications. Some gifts are exempt from estate taxes, and you can minimize your family's tax\u00a0burden with a strategic plan.<\/p>\n
4) Carefully Consider Specific Gifts. Think about what specific property individuals will benefit the most from and adjust\u00a0your will accordingly.<\/p>\n
5) Select a Qualified Estate Executor. The executor is the person that administers the estate of a decedent. You can<\/p>\n
choose this person in your will.<\/p>\n
6) Make Sure You Review and Update Your Life Insurance Policy. The beneficiaries in these will receive payments<\/p>\n
regardless of what your will states. Keep this in mind.<\/p>\n
7) Make Sure You Review and Update Retirement Plans and any Payable-on- Death Accounts. Just as with life<\/p>\n
insurance policies, these are not subject to your will.<\/p>\n
8) Make a Living Will and Appoint Power of Attorney. Plan ahead for the possibility that you will be unable to make<\/p>\n
decisions someday.<\/p>\n
9) Consider Forming a Trust. An attorney can help you understand this option in full.<\/p>\n
10) Have an Experienced Attorney Handle Your Estate Planning.<\/p>\n
<\/p>\n
Don\u2019t wait! We can assist you with all of your estate planning legal needs. Call to schedule an appointment with one of the top estate planning attorneys Tampa has to offer! Tampa office<\/a> at 813-367-1500 or\u00a0send us your questions online.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"Estate Planning | 10 Helpful Tips Estate Planning |\u00a0\u00a0Estate planning is essential for anyone that wants to protect their family […]<\/p>\n","protected":false},"author":1,"featured_media":10296,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","footnotes":""},"categories":[858],"tags":[859],"class_list":["post-10294","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-estate-planning","tag-estate-planning"],"yoast_head":"\n
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