YOU would have to be living under a rock to avoid hearing about the current government “shutdown.” For the estimated 800,000 federal workers who’s jobs are now on hold, this news is especially unwelcome. While there is nothing we can do to get the House & the Senate to agree on anything, we can lay out a plan to thwart the negative effects of one of life’s surprising crises.
A properly designed asset protection plan can accomplish many of your most important objectives:
- Protection of family savings and investments from lawsuits and claims.
- Protection against inadequate or unavailable insurance coverage.
- Insulation of rental properties reducing your exposure to potential lawsuits.
- Protection of business assets and accounts receivable from potential claims.
- Elimination of probate.
- Reduction of estate taxes.
Consider incorporating the following documents into your estate plan:
- Living Trust – gain control, asset protection, & preclusion of unnecessary taxes; ensuring asset protection for your beneficiaries.
- Assignment of Property – place all of your property into the trust, and avoid costs & headache associated with probate.
- Last Will & Testament – used to distribute property to beneficiaries (or a trust), specify last wishes, and name guardians for minor children.
- Durable Power of Attorney – gain control by designating someone to legally act on your behalf, in the event that you become incapacitated.
- Combination Living Will & Designation of Healthcare Surrogate – gain control by making important healthcare decisions for yourself in advance.
Prevent a shutdown on your assets, and plan ahead! For more information on successful Florida estate planning and asset protection techniques, please contact the South Florida law firm of Wild Felice & Partners, P.A. at 954-944-2855 to schedule your free consultation.
It’s a Wild world. Are you protected?SM