The Costanza-created holiday of Festivus is almost upon us and the people of South Florida are a flurry with excitement. Whether you prefer the Feats of Strength or the Airing of Grievances, the holiday of Festivus has something for just about everyone. Speaking of everyone, in this time of overlapping different holidays, it is important to remember the one commonality that we all share – mortality. That’s right, whether you celebrate Christmas, Hanukkah, Kwanzaa or Ramadan, the death rate in South Florida is 100 percent which means that every single one of you need estate planning. We may not agree where our souls go after we die but there is no argument as to what happens to our stuff. If you have no Will, the Florida Intestate Statutes will distribute your assets as the state of Florida decides. If you have a Will but no Trust, your assets will first be dragged through the Florida probate process and then distributed outright to you beneficiaries. If you have a Trust in place, your beneficiaries will be able to minimize both probate and the estate tax, as well as receive assets that are protected from creditors, litigation, bankruptcy and divorce. Even for Frank Costanza, Trust-based estate planning is a no brainer.
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 email@example.com to schedule your free consultation.
It’s a Wild world. Are you protected?