E! News reports the a recent celebrity catastrophe, stating that British Airways scheduled both Angelina Jolie & Jennifer Aniston for the same flight from Los Angeles to London on Sunday. Shock! Horror! Although the airline managed to participate in some quick crisis mitigation, it begs the question: if the universe will allow Jolie & Jen to randomly schedule the same flight, what unexpected misfortune rests in the Gods of tomorrow?
If there is any moral to this story, it is to plan ahead. If you died tomorrow, or became incapacitated, would you have the following benefits?
- asset protection
- control over your assets
- protection for your loved ones
- preclusion of unnecessary taxes
- creditor protection
- limited/no transfer taxes for following generations
If the answer is no, the following 5 documents will ensure that you are prepared for any unexpected misfortunes that may lay ahead!
- Living Trust – gain control, asset protection, & preclusion of unnecessary taxes; designated a trustworthy (no pun) Trustee.
- 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.
Learn from the misfortunes of these celebrities, 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
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