With an estate plan in place, you provide instructions for how your finances, health, and other aspects of your life will be managed if you become incapacitated or die. It is expected to have questions about estate planning, how it works, and its benefits. By partnering with an Orlando estate planning attorney, you can get answers to these questions and many others.
At The Orlando Law Group, our team can explain the ins and outs of estate plans. Our Orlando estate planning lawyer can help you create a plan that protects you, your family members, and your assets. For more information, please get in touch with us.
What is the purpose of an estate plan?
Thanks to estate planning, you can put together a roadmap to ensure you and your family members get the support you want. Your plan can define who you want to make healthcare decisions on your behalf if you are no longer able to do so on your own, how your assets will be distributed after you die, and more. An estate planning attorney in Orlando can discuss the advantages of setting up your plan and help you create one that supports your best interests and your family’s best interests.
What is the difference between estate planning and a will?
An estate plan is much more extensive than a will. With this plan, you typically consider things that can happen to you both while you are alive and following your death. Your plan can include many components, including the following.
Advance Directives
Provide instructions for medical care if you cannot tell doctors and other medical professionals how you want to be treated.
Power of Attorney
Defines an individual who can act and make decisions on your behalf.
Trust
Lets you name a third party to hold your assets on behalf of your beneficiaries.
Along with these components, your plan can include a will, which explains how you want your assets to be distributed after your death. An estate planning lawyer in Orlando can teach you about wills and other parts of estate plans. They will ensure that your plan accounts for you, your family, and your assets.
What are the steps for estate planning?
Putting together an estate plan may be easier than you think. An estate plan lawyer can provide resources to help you craft a plan that delivers your desired results. They can also go over the following steps for establishing your plan:
- Make an inventory of all of your assets.
- Account for your family and how you can protect them now and in the future.
- Create legal directives that define how you want your financial and health matters handled if you lose the ability to make decisions independently.
- List your beneficiaries.
- Make sure that your plan is set up per Florida’s laws.
- Reassess and update your plan periodically.
What is an estate planner?
An estate planner is an attorney who understands the complexities of crafting a plan for your estate. They can teach you about the estate planning process. In addition, they can answer frequently asked questions about estate plans and help you create a plan that aligns with your and your family’s needs.
At The Orlando Law Group, our estate plan lawyer commits the time, energy, and resources required to craft a plan for your estate and ensure you are delighted. To learn more, please reach out to us today.
How can I get help with my estate plan?
The Orlando Law Group team takes the guesswork out of creating an estate plan. We can walk you through the estate plan process. To request a free consultation, please contact us online or today at (407) 512-4394.
Last Updated on November 15, 2023 by The Orlando Law Group
