Estate Planning Attorney
A trust can seem complicated and does require a knowledgeable Melbourne trust lawyer, but the premise is simple. You create a trust, retitle your real estate, bank accounts and other assets into the name of your trust, and your assets avoid probate at your death. And, best of all, during your lifetime you have complete control over all assets in trust, because they are yours. So you have the benefit of keeping control over all of your assets while knowing that they will not have to go through probate after you die.
Guardianship in Florida is designed to look after those who can’t care for themselves
If there are people in your life unable to look after themselves, such as incapacitated adults or adult children, you can ensure that they are cared for now, and will be cared for after your death by appointing a guardian for them. That guardian can be you or a family member or loved one. If you have a child with a developmental disability, you must be appointed their guardian once they turn 18 – otherwise, you will not legally be allowed to make decisions for them since they are considered adults.
A power of attorney, one of many useful estate planning instruments available to you, can be classified as financial, durable and medical. Each is a less expensive shortcut that avoids the need for a guardianship. And it allows a family member or other trusted person to help manage your finances and pay your bills if you are suddenly unable to.
Special needs trusts are designed to guarantee that an inheritance or personal injury settlement will not result in the person losing his/her government assistance. A Special Needs Trust (SNT, or Supplemental Needs Trust) can be set up for a minor, adult or senior citizen, to guarantee his/her future financial support. These useful estate planning tools help the disabled while keeping them eligible for government benefits.
If you want to be sure that your assets are distributed the way you want, your children are cared for by the person you want and your remains are handled the way you want, then you need an estate planning attorney to draft a will for you. Without a will, Florida Statute will control and determine who inherits your estate and who acts as Personal Representative (executor) of your estate. Your wishes are often not how these laws will carry out your estate. The solution is to prepare a will for yourself.
Mommers & Colombo, Attorneys at Law, serves clients in Florida cities such as Melbourne, Palm Bay, Cocoa, Satellite Beach, Melbourne Beach, Indian Harbour Beach, Indialantic, Suntree, Titusville and others throughout Brevard County and Indian River County.