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Four Ways Our Clearwater Estate Planning Attorney Can Help You
Hurricane damages and a fluctuating economy make it an excellent time to review your current resources and future financial goals. Estate planning is frequently overlooked in financial planning but can play a major role in protecting you and your loved ones.
Our Clearwater estate planning attorney has over 40 years of experience providing trusted legal guidance to people throughout Pinellas County. The following are four ways we can help you:
- Creating A Florida Will
US Census reports list Florida as one of the fastest-growing states in the country. The laid-back lifestyle, natural beauty, and many amenities found in the Clearwater-Tampa Bay area lure newcomers, but one of the things recent transplants often overlook is updating their will.
Each state has different legal requirements, so consult with our experienced Clearwater estate planning attorney to make any changes needed. For residents who have lived here many years, if the recent storm season brought significant property damages or you experienced any other changes in your assets or among family members, you may need to update your will as well.
- Establishing Trusts To Meet Potential Future Needs and Financial Goals
Creating a trust can play an important role in Clearwater estate planning. It allows you to protect and provide for your family or other loved ones while ensuring your own future needs are met. Among the ways a Florida trust can benefit you:
- Allows you to designate a trustee and provide financially for minor children;
- Allows for more specific distributions among beneficiaries, such as designating certain funds for college costs or medical care;
- Conveying Your Wishes In Case of Unexpected Events
Our Clearwater estate planning can guide you in putting advance directives in place, which convey your wishes if an injury or illness is life-threatening or leaves you incapacitated. Advance directives address life-sustaining and end-of-life issues, such as regarding the use of feeding tubes and ventilators.
Healthcare Directives designate someone you trust to deal with providers on your behalf, sparing your family from having to make life-or-death decisions and having to guess what you might have wanted.
- Avoiding Probate/Making The Probate Process Easier
In the event of your death, your estate must pass through the Pinellas County Probate Court before it can be settled and any final distributions are made among family and friends. Having a legally valid Florida will is vitally important, as it acts as a guide through these proceedings. Our Clearwater estate planning attorney can advise you on creating a trust, life insurance policies, and other steps to avoid probate completely.
Contact Our Clearwater Estate Planning Attorney Today
Clearwater estate planning attorney William Rambaum has over 40 years of experience serving clients in our community. One of only a handful of Board Certified Elder Law attorneys in the state, he provides the trusted, professional legal guidance you need to protect yourself and those you love. To schedule a consultation, call or contact us online today.
Sources:
census.gov/library/stories/2022/12/florida-fastest-growing-state.
medicaid.gov/medicaid/benefits/index.html
mypinellasclerk.gov/Home/Probate-Mental-Health
