Estate planning is an important part of preparing for the future, but it is also a complex process that involves a variety of elements to ensure one’s last wishes are respected. An experienced estate planning attorney can assist you with this process and help you create a comprehensive estate plan that meets your unique needs. Continue reading to find out what documents you may need.
Essential Estate Planning Documents You Will Need
Most of us know that a last will and testament is a key element in creating an estate plan. Whatever possessions and assets you may have, you can select the beneficiaries who will receive them in this important document.
A will also allows you to determine the following:
- Who will care for your dependent children
- Who will inherit family heirlooms
- How cash assets will be distributed
- What will happen to the real estate you own
Despite the importance of this document, however, there is more to an estate plan than a will.
Below is a list of some of the estate planning documents you will need in Florida:
- Advance healthcare directive: In the event that you become incapacitated, this document will ensure that the person of your choosing makes medical decisions on your behalf, according to your wishes.
- Durable power of attorney: Much like an advance healthcare directive, if you become incapacitated, a durable power of attorney can make decisions on your behalf. In this case, the person of your choosing will make financial decisions on your behalf.
- Revocable living trust: Although a living trust is very similar to a will, they have some key differences. The details of your estate will remain private and, most importantly, you can help your loved ones avoid the probate process.
- Letter of instruction or intent: In this document, you can communicate some of your parting wishes to your loved ones and express your desires regarding your funeral arrangements.
Get Started on Creating Your Estate Plan and Reach Out to Our Legal Team Today!
If you wish to create an estate plan, the legal team at Dorcey Law Firm can provide you with the guidance and advice you need to navigate this process. With a comprehensive estate plan, you can rest assured your wishes will be respected and your loved ones will be cared for.
Call our legal team today at (239) 309-2870 to schedule a free initial consultation with one of our experienced attorneys to get started.
