Palm Beach Estate Planning Attorney
Estate planning is an important process that can provide you with tremendous peace of mind, knowing that you have prepared for any eventuality, from a situation where you’re incapacitated and unable to care for yourself, to a sudden and unexpected passing.
Working with an property designing lawyer gives you an opportunity to tend to a wide range of legal issues and documents.
Some of the most common estate planning documents include a last will and testament, a living will, health care proxy documents and power of attorney forms. An estate planning attorney can also help you establish a trust, in addition to offering property designing advice and recommendations.
You need an experienced West Palm Beach estate planning attorney who will work to understand your unique needs and priorities. That’s precisely what you’ll get when you work with the elite legal team at The Law Offices of Thomas J. Lavin. Serving West Palm Beach, our legal team is committed to guarding your interests and helping you achieve your property designing goals and objectives.
You never know what the future will hold, but the property designing process can give you peace of mind knowing that you have made preparations to protect your interests, your estate, and your loved ones. Contact The Law Offices of Thomas J. Lavin for a free, confidential consultation session by calling 561-557-4546.
Common Questions About Estate Planning and Trusts
Serving clients throughout West Palm Beach, estate planning attorneys with The Law Offices of Thomas J. Lavin receive lots of questions about the various aspects of the property designing process.
Our legal team has compiled some information to examine a few of these common inquiries.
What Happens if I Haven’t Done Any Estate Planning?
If you fail to tend to the estate planning process and you are incapacitated, it may be unclear what you would have wanted to happen to your estate. A family member or the courts may need to make a decision on your behalf, and this decision may be very different from what you may have wanted.
If you pass away without tending to the property designing process, your assets and finances may get tied up in probate for many months or even years. Those assets may ultimately be distributed as the court sees fit. This type of situation can also give rise to major family rifts and feuds.
These are just a few of the many consequences that can arise if you don’t complete the property designing process.
How Old Should You Be When You Start Estate and Trust Planning?
It’s never too soon to consult an estate planning lawyer. Virtually every adult can benefit from property designing in some form. In cases where you own few assets, most people can still benefit from the formation of a living will and advance directive documentation. This indicates how you would like to be treated if you are incapacitated. This can save your loved ones from making an extremely difficult and emotional decision on your behalf. You will also have peace of mind knowing that your desires are known.
Many choose to begin the estate planning process after they get married, shortly after buying a first home or when they’re expecting their first child. Others may opt to consult an estate planning lawyer later in life. But generally speaking, it’s highly beneficial to begin the process sooner rather than later.
What are the Different Estate Planning Documents?
There are numerous documents involved in the estate planning process. Each client’s situation is unique, so the forms and documents that an individual may require will vary depending upon your exact needs and requirements.
Some of the estate planning forms and documents include power of attorney forms, a last will and testament, health care proxy forms and living will documentation.
In addition, our legal team can establish a trust, which offers a number of benefits over a last will and testament. Many clients opt to use a trust in conjunction with a last will and testament.
Can I Prepare Estate Planning Documents on My Own?
There are numerous web-based estate planning resources available, where individuals can download generic versions of documents that are used in the estate planning process.
We do not recommend the use of these generic estate planning documents, as there are many instances where the general nature of the form simply does not sufficiently protect the individual’s interests and assets. Depending upon how the document is altered, there exists the potential for a situation where a document contains problematic ambiguities or discrepancies. This may result in a situation where the document creates more problems than it solves.
It’s best to work with an experienced estate planning attorney who can craft customized documents that address your exact situation in a manner that is clear, precise and free of problematic ambiguities. Your attorney can draft and thoroughly review your documents, such as a living will, last will and testament, power of attorney forms, and health care proxy forms.
Do I Need to Update My Estate Planning Forms?
It may be beneficial to periodically update and revise your estate planning documentation, including your last will and testament, trusts and living will. If you’re unsure as to whether you should make revisions and updates, it’s wise to consult your estate planning lawyer for advice.
If you acquire new property and assets, it’s prudent to update your estate planning documents to reflect these new acquisitions. In addition, if you get married, separated/divorced, have children or your relationship changes with someone who is named in one or more of your estate planning documents, then it’s typically advisable to perform the appropriate updates.
You may wish to make revisions if you’re moving into a different state (for your primary residence), as the estate planning laws in your new home state may be different from those in your former home state. Each state has slightly different laws, so this can result in some complications. Therefore, it’s important to have an estate planning lawyer in your new home state review your estate planning documents to ensure that everything is in order.
The Law Offices of Thomas J. Lavin are based in West Palm Beach, Florida, so we are well-equipped to assist clients who have recently moved to the Sunshine State. In addition, we also have a law office in the Bronx, New York, so our attorneys can assist clients in New York state as well.
Turn to a Trusted West Palm Beach Estate Planning Attorney to Plan for Your Future
It’s impossible to know what the future holds, but the estate planning attorneys at The Law Offices of Thomas J. Lavin can guide you through the process of creating the documents and trusts you need to gain full peace of mind.
Our goal is to protect our clients and their interests, while ensuring that their estate planning documents and trusts reflect their wishes in a clear, non-ambiguous manner.
If you need help from one of West Palm Beach’s premier estate planning law firms, contact The Law Offices of Thomas J. Lavin. In addition to our practice in West Palm Beach, Florida, we also have law offices located in the Bronx, New York. We encourage you to arrange a free, confidential consultation to discuss your needs. Call 561-557-4546.