Nearly three weeks ago, Malaysia Airlines Flight 370 vanished. Australian authorities said Friday that they have shifted the search area to a different patch of ocean. Today, the saga continues in trying to find an answer and more importantly, the plane itself.
It is events such as these where we are reminded how unexpected life can be, recognizing that you can never be too prepared for tomorrow. This occurrence leaves us with an abundance of uncertainty and makes clear that you have no control over your fate. However, with the right attorney you can ensure that your plans live on. There is a variety of estate-planning techniques in Florida that can be used to protect yourself and your family from a burdensome situation in uncertain times.
Living Trust – a living trust has become the best way to maintain control over all of your assets and distributions, while avoiding the hassle, expense, and lack of privacy associated with probate.
Durable Power of Attorney – this allows you to designate and authorize someone to legally act on your behalf, in the event that you become incapacitated.
Combination Living Will & Designation of Healthcare Surrogate– this outlines important healthcare decisions in advance, and appoints a healthcare surrogate to make healthcare decisions for you when you become unable to do so yourself. You may decide that you will not want any life prolonging procedures in the event that you have one of the following conditions: (i) terminal condition (ii) end-state condition; or (iii) persistent vegetative state. In this case, you want to ensure that you have such wishes outlined in your living will.
It’s a Wild world. Are you protected?SM
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.