Orlando Estate Planning Lawyers Guide Your Family’s Financial Legacy
Orlando, renowned for its lively attractions and diverse populace, is a melting pot of dreams and aspirations. Within this city, the importance of structured estate planning stands out significantly.
From families enjoying the vibrancy of the city to retirees relishing the tranquility the suburbs, Orlando is home to diverse cultures and smaller communities within the community. No two individuals have identical financial or familial landscapes. Orlando’s residents require customized estate planning solutions to ensure their assets and wishes are precisely addressed. RTRLAW’s estate planning attorneys provide tailored estate planning services to all Orlando residents, able to meet a wide variety of individual needs. RTRLAW’s lawyers possess the critical knowledge needed to assess your legal needs and secure your family’s future after you’re gone.
To learn more about the advantages of estate planning for you and your loved ones, contact RTRLAW today at 407-343-5152 or call or text our toll-free number at 1-833-447-3787 (1-833-447-3787).
Why Is an Estate Plan Essential?
Discussing what occurs after our death can be uncomfortable, which can lead many to delay estate planning. However, the absence of an estate plan can cause heirs and other beneficiaries to undergo a prolonged probate process before they can claim their rightful inheritance.
Many people can become incapacitated due to illness, dementia, or injury as they age, and can no longer make critical health care decisions on their own, leading to legal complications requiring court intervention. Florida has strict regulations regarding who is permitted to make health care, financial and legal decisions on behalf of those who cannot make them for themselves.
RTRLAW can aid clients in formulating an estate plan that encompasses a Last Will and Testament (will) or trust, as well as advance directive documents. These critical papers prepare for the future in the event of incapacitation due to severe illness, injury, or dementia, helping prevent disputes among your family members after your death. Advance directives also communicate your health care preferences during illness, and designate individuals to make crucial health care and financial decisions on your behalf.
A will or trust specifies what assets you have and your intended beneficiaries after your death. In addition, you can use a will or trust to name a legal guardian for your minor children. Trusts, whether revocable or irrevocable, can be established during your lifetime to help your family evade the probate process after your death. They can also manage your assets if you become incapacitated or facilitate the distribution of your assets to your heirs posthumously.
One of the most crucial elements of estate planning is the peace of mind it provides, knowing your final wishes will be honored and your family will be well-looked-after in the future. Reach out to RTRLAW today to discover how our estate planning attorneys can support your needs.
The Importance of Advance Directives in Orlando
Who will make critical decisions for you if you’re severely injured, or become incapacitated due to an illness or dementia, like Alzheimer’s disease? It’s not a foregone conclusion that your spouse, parents, or adult children will have decision-making authority.
If you prefer someone other than your spouse or next of kin to make these choices, you must sign certain advance directive documents indicating who you authorize to make significant life-or-death decisions on your behalf if you’re unable to express your preferences.
In Florida, it’s recommended that every adult over the age of 18 have the following advance directive legal documents in place:
- Durable Power of Attorney: This paper appoints an individual to make legal or financial decisions on your behalf if you become incapacitated.
- Designation of Health Care Surrogate: This document assigns a person to make medical decisions for you if you’re unconscious or mentally or physically incapable of making health care decisions.
- Living Will: This record informs your family and health care providers if you wish to be sustained by extraordinary measures (or not) in dire circumstances.
In addition, most attorneys recommend you also sign a HIPAA release designating who can have access to your medical records, and a Designation of Pre-Need Guardian, which names a guardian for you should you be unable to make your own decisions and if the other advance directives are not deemed enough by a Florida court.
Many residents in Orlando and across Florida are not informed about the potential legal consequences of not having advance directives in place. For instance, if an 18-year-old college student ends up in the hospital and can’t communicate their desires and does not have advance directives in place, their parents would not only be unable to make decisions on behalf of their adult child, but they might also not be notified of their child’s condition by the hospital without these signed advance directives. The seasoned estate planning attorneys at RTRLAW can assess your circumstances and help draft the necessary documents to ensure your family’s health care and legal needs are met in the future.
What Does Trust and Estate Administration Entail?
After the death of a loved one, families often face immense stress and uncertainty about managing the probate of a will or trust’s administration. Some estates can be particularly intricate, demanding a significant amount of time, not to mention expenses, to manage.
RTRLAW provides representation to family members, individuals (fiduciaries), personal representatives (also known as executors), beneficiaries and others involved in the probate of a will or estate in Florida.
RTRLAW’s skilled estate planning and probate lawyers can demystify the probate process as it operates within the Florida judicial system, aiming to make the probate process more accessible and less daunting for you.
How Can I Consult with an RTRLAW Estate Planning Lawyer?
At RTRLAW, we understand that life gets hectic, and it never seems like the appropriate moment to compose a will, establish a trust, or devise a comprehensive estate plan. However, it’s imperative not to delay. An estate plan offers the financial assurance and peace of mind necessary to safeguard your family’s future.
Our Orlando attorneys advise clients on an extensive array of services related to estate planning, long-term care planning, probate and trust and estate administration. Contact us today for a free, no-obligation case review either over the phone, through a video call, or at any of our six convenient offices throughout Florida.
Since 1988, RTRLAW has represented tens of thousands of clients across Florida, helping them attain the peace of mind they deserve by addressing their legal issues effectively.
Our adept estate planning attorneys are available to help clients formulate their wills, trusts, and advance directive documents, as well as long-term care planning, Medicaid planning, guardianship proceedings, probate and estate and trust administration on a flat-fee arrangement.
For a free, no-obligation case review and further information, contact us, chat with us now, call 407-343-5152, or call or text us any time, 24/7, at our toll-free number 1-833-HIRE-RTR (1-833-447-3787), or send an email to [email protected].