Orlando Estate Planning Attorney
Plan for Your Loved Ones. Call (407) 477-5046.
Many people in Orlando and throughout Florida share a common misconception that estate planning is only for the wealthy. Florida's estate tax at the state level was eliminated nearly a decade ago. The federal estate tax as of 2012, applies only in cases in which the total value of the estate is in excess of $5.25 million. If your own assets add up to less than this amount, why should you worry about implementing an estate planning strategy?
The fact is: Estate planning is for anyone who is concerned about his or her heirs enjoying the full benefits of inheritance without facing copious amounts of stress and anxiety.
When to Start Estate Planning?
So when is the right time to start estate planning? Did you know that many Americans pass away without estate planning or a will? It is common for individuals oftentimes feel that they don't need to start estate planning just yet. The truth is that you should start planning an estate as soon as you become a legal adult. When you turn 18, you become responsible for finances, healthcare, and power of attorney, so it is important have everything planned out appropriately regarding the future so that everything is accounted for appropriately.
Without a will or setting up a trust, you are risking loosing the assets that you leave behind, as they will be distributed according to the arbitrary dictates of state law. Unfortunately, this leaves you without a say as to what happens to all of your assets in the case that you pass away. The process may easily get bogged down in probate, and you risk leaving your loved ones with less than what you would have planned (due to probate costs), or having them wait longer than necessary to receive what you feel they deserve regarding inheritance.
Estate plans should also be updated every 3 - 5 years afterward to ensure that it is consistent.
Jackson Law, P.A. Can Help You Plan for the Future
At Jackson Law, P.A., our attorneys have more than 75 years of collective legal experience. Whether it is creating a plan for your heirs, avoiding probate, or contesting wills, we can provide sound legal counsel.
We can assist with:
- Asset protection
- Estate planning for families
- International estate planning
- Powers of Attorney
- Special needs planning
- Surviving spouse's rights
- Trust administration
- Wills & trusts
Things to Consider When Creating an Estate Plan
When creating an estate plan, make sure that everything is accounted for.
Below are some common things to consider when planning an estate:
- Your savings account
- Property ownership
- Guardianship of children and their financial security
- Combination of assets if you are married or have remarried
- Inheritance of money or property
Estate Planning is Beneficial for Everyone
Drafting a set of documents to address your needs and expectations can go a long way toward reducing the amount of delay between the time of your passing and the date when your heirs are finally able to receive the benefits of your generosity. Estate planning can also minimize the financial impact of probate and the claims of creditors against your estate.
Reasons to Choose Jackson Law, P.A.
- We Have 75+ Years' Collective Legal Experience
- Legal Services Available In English, Spanish & Portuguese
- We Quickly Respond To All Calls & Emails
- We Provide Full-Service Representation
- We're Top-Rated & Highly Successful
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- Include Digital Assets In Your Estate Plan
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One-On-One Attention & Personalized Solutions
No two cases are alike and no two individuals are the same. As such, we offer personalized legal solutions to each of our clients.
Martindale-Hubbell® AV Preeminent® Rating
Our attorney has received one of the most prestigious and sought after peer-review ratings in the legal profession.
Special-Counsel Team Of Reputable Attorneys
We've established a special-counsel team of attorneys who have more than 50 years of combined experience in various fields of law.
More Than 75 Years Of Combined Legal Experience
We have an in-depth understanding of the laws surrounding your case & are fully equipped to secure a favorable case outcome.