The 5th of May is finally upon us and although Cinco de Mayo is not widely celebrated in Mexico, it is the most celebrated holiday of Mexican culture in the U.S. Even though 1 in 4 South Floridians are Hispanic, everyone will probably be enjoying a little bit of salsa, margaritas, and cheesy enchiladas.
Here’s some more food for thought to add to your fiesta menu- estate planning.
Unfortunately, estate planning rarely gets the attention it deserves. One day we are all going to die and it is important to determine what will subsequently happen to all the assets that we own.
First of all, every South Floridian should have a will. This is especially true if you are married and have minor children. Your will not only stipulates the distribution of all your assets but also appoints a trusted guardian to look after your little ones when you pass away.
What will happen if you become seriously injured or incapacitated? You need a living will and medical directives to express your wishes to stay on life support or end all artificial means of living.
You can spice up your plan by reducing estate taxes, insulating your assets from creditor claims, and ensuring smooth transfer of property through trust formation and administration.
Estate planning is a complex field of law. It is important to contact a highly skilled South Florida estate planning attorney. You will learn about the necessary tools and strategic ways in protecting your assets you probably never thought possible. Don’t be surprised if your reaction is something like “Holy Guacamole! I should have done this sooner!”
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 firstname.lastname@example.org to schedule your free consultation.
It’s a Wild world. Are you protected?