Probate avoidance is the goal of a highly skilled and qualified South Florida Estate Planning attorney. The objective is to protect clients against the time-consuming, highly costly, and emotional process of probate administration. Coping with the loss of a loved one is hard enough. Who wants the additional burden of finding themselves amidst a storm of family disputes and endless courtroom proceedings? An experienced and knowledgeable attorney is well equipped with the tools to help you circumvent this process through strategic estate planning. This is accomplished through trust formation. For example, a living trust can make every one’s life so much easier by acting as a vehicle for transferring ownership immediately once an individual dies. This method is faster, less expensive, and more convenient than traditional probate.
Another advantage of setting up a trust, is that it is completely private. The only person who will be able to view all the assets you accumulated during your life and how you decided to leave them to your family is the person or entity that you name as Trustee. However, the probate process is made public so anyone who wants to take a sneak peak into your estate will be able to do so.
Now, if you are a surviving spouse or child and stumble across the bad news that a trust was never established, it’s not the end of the world. A good probate lawyer can still offer guidance on what to do. Even though this will cost you some money, payment is usually taken out of the estate. You will not have to pay anything up front, which makes things easier on your budget.
For more information on successful Florida estate planning and probate, please contact the South Florida law firm of Wild Felice & Pardo, P.A. at 954-944-2855 or via email at email@example.com to schedule your free consultation.
It’s a Wild world. Are you protected?