If You Do Estate Planning Yourself, You’re Hurting Your Family

Posted by on Jan 5, 2012 in asset protection, estate planning, Legal News, Probate, tax, Trusts, Wills |

All too often, even after realizing the indispensability of a comprehensive South Florida estate plan – people try to cut corners.  When it comes to preserving hard-earned assets for posterity, being penny wise is not only pound-foolish. It may even be fatal to all your hard work, hopes, and dreams of perpetual prosperity for future progeny.

Why Not Do Estate Planning Yourself?

A plethora of workbooks full of fill-in-the-blank forms is available online and at local retailers. Some subscription-based websites offer downloadable standardized materials with audio or video instruction.

Although helpful, such resources are woefully ineffective estate planning tools. In the “game” of planning estates, what is good for the goose will not always work for the gander. Everyone has different needs and objectives. No two situations are exactly alike.

There is simply no substitute for the specialized expertise of a Florida estate planning attorney. As your legal representative, an attorney is legally and ethically bound to represent only your interests and desires when devising any estate plan on your behalf. The availability of free initial consultations gives you nothing to lose and everything to gain by consulting a qualified estate lawyer in Florida.

For more information on successful Florida estate planning and probate techniques, please contact the South Florida law firm of Wild Felice & Partners, P.A. at 954-944-2855 or via email at info@wfplaw.com to schedule your free consultation.

It’s a Wild world.  Are you protected?

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All is Quiet on New Year’s Day

Posted by on Jan 2, 2012 in estate planning, Legal News, Probate, tax, Trusts, Wills |

What does Bono have to do with South Florida estate planning?  Probably not much.  After all, most of Bono’s assets probably lie overseas and are governed by that country’s specific estate planning and probate laws.  However, as a non-US citizen, his estate tax exemption amount for all property held in the United States will be a measly $60,000.  He may want to become a resident of Florida so that he can avoid the state estate tax shouldered by the residents of many of the other 50 states.  He should also consider some agressive estate tax planning and probate avoidance techniques to assure that his family or his charities end up with more of his assets than the IRS does.  After all, they say that this is the Golden age and nothing changes on New Year’s Day.

For more information on successful Florida estate planning and probate techniques, please contact the South Florida law firm of Wild Felice & Partners, P.A. at 954-944-2855 or via email at info@wfplaw.com to schedule your free consultation.

It’s a Wild world.  Are you protected?

 

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