Not all estates are the same size, which can lead to confusion about the need for estate planning services. Some individuals have amassed vast amounts of property and assets over their lifetime while others may have more modest incomes and assets. Regardless of the size of the estate, adults in Jacksonville, FL, want to be sure their wishes are followed in the event of their death.
While most attorneys have legal training to draw up a will for an individual, only an estate planning lawyer has the specialized training and expertise to assist an individual in making the best choices with their will. This means understanding possible tax implications to heirs and limiting this through careful selection of the best plan.
Complex Family Issues
It is not uncommon to have complex issues within a family. These issues can become more complicated during times of stress, such as the death of a loved one, which may create conflict. By having a very clearly written and precise will, these types of conflicts or possible actions of people in or not in the will can be reduced, allowing for probate without the will being contested.
Living Wills
More people in Jacksonville, FL, are working with an estate planning lawyer to develop a living will. This is a legal document to outline the wishes of the individual for treatment as they become older and unable to make decisions on their own.
This is also something that an estate planning lawyer may be asked to draft by an individual diagnosed with a terminal illness or with a known health issue. By having a living will in place, the family is never left trying to guess what the loved one would have wanted.
The additional benefit of using an estate planning attorney is to protect your assets as you age. By developing an informed plan to address possible nursing home costs and long-term health costs, you have the peace of mind in knowing you will have the financial ability to manage these issues throughout your life.
