Did you know that by not getting a planning, your estate falls under Florida’s law of intestacy and distribute everything under this manner?
Estate planning is a process to properly decide what will happen to your assets now and after death. We know these cases tend to be complicated but we offer an easy approach to create the plan you desire that fits personal goals and plans. We want to help you get the peace of mind you deserve by coordinating with you the best strategy for the management and disposal of your estate.
Last will & testament
This document is used for example to choose the legal guardian for your child in the manner that they are orphaned. It is only legally authorized after death but not applied if the person gets incapacitated.
When creating a trust you provide someone to manage and invest property, protect it from creditors, and even avoid a probate.
These sort of legal entities involve three parties that are:
- The trust-maker (grantor/settlor).
- Trust manager (trustee).
- Trust beneficiary.
Powers of attorney
- Sometimes all three of the legal entities can be just one person or a married couple.
- A person can assign themselves as the trustee to manage it all as a beneficiary by creating a revocable living trust.
- It will remain effective even after the death or incapacitation of the trust-maker.
This refers to when the attorney gets the legal right to make certain decisions on behalf of the person who granted those powers. The document is valid until the death or incapacitation of the principle. The file must be updated frequently because sometimes banks and other businesses might require an update of a year or less to honor it.
Health care documents & advance directives
It is a testimony that specifies someone’s care preferences either medical or personal if they are not able to express them. In Florida, you must be 18 years old to execute one. Also you get the possibility to assign someone to make the decisions, which set the circumstances of when life-prolonging treatments would be applied.
An advance directive is usually accompanied by an authorization to allow certain people (family or friends) to have access for any medical information.
Trust in Kaba Law Group P.L.L.C. to protect you, your loved ones and your assets. We commit ourselves to customize the perfect solution so we can help families, seniors, immigrants, and others.
Moises Kaba serves the needs of our clients in both North and South Miami. Contact us today at (305) 245 – 9990 to schedule a free consultation.