Prepare For The Future With An Estate Plan Tailored To Your Wishes
You’ve worked hard for the wealth you’ve accumulated, but will it be there when you want to enjoy it and when you want to pass it on to your loved ones? Life serves up surprises, and not everyone is pleasant. A comprehensive estate plan can help protect your wealth, so you enjoy a comfortable retirement and establish a worthy legacy for your children.
I am an experienced estate planning attorney. At my firm, The Law Office of Nancy J. Oset in Palm Harbor, I give Florida clients the information they need to make thoughtful choices about their future. Whether you need only a will or a complex family trust, my firm is ready to craft documents that suit your specific circumstances and address your concerns.
When looking for estate planning assistance, it’s important to consult an experienced attorney who gives personal attention to your every concern. You can count on me to do that each step of the way.
A Full Range Of Estate Planning Tools
How secure is your future? I can help you address that all-important question by thoroughly reviewing your financial circumstances and goals. Drawing on that detailed review, I can recommend estate planning tools to accomplish your objectives effectively. Solutions can include one or more of the following:
- Wills – Every adult should have a last will and testament to transfer assets to heirs, make donations to favored charities and send a final message to loved ones.
- Trusts – Some trusts can provide protection against creditors and liability claimants. They also allow you to encourage positive behavior by putting conditions on gifts to beneficiaries and scheduling payments over time rather than turning over lump sums. Many people use trusts to avoid probate when transferring assets upon their death. Placing assets in trust might also help you qualify for Medicaid without becoming insolvent if you require long-term nursing care. Finally, placing assets in a trust can reduce the size of an estate to avoid losses if you are subject to the federal estate tax.
- Incorporation – If you run a small business as a sole proprietor, your personal assets are at risk. Creditors and liability claimants can go after your home and your personal savings. Incorporating your business walls off your personal assets so only your business holdings are exposed.
- Powers of attorney – Elderly individuals can protect themselves against mistakes they might make in legal, medical and financial matters by transferring authority to a trusted loved one. Powers of attorney can be drafted to address limited or wide-ranging concerns.
- Living wills and advance health care directives – These documents allow you to state the level of lifesaving intervention you desire in the event of an emergency and can also designate someone to make medical decisions on your behalf if you are unable to communicate.
I also offer cost-effective bundled estate planning packages for a flat fee.