William A. Johnson, P.A. William A. Johnson, P.A.
Probate And Elder Law Services In Brevard County
Free Consultation: 321-426-1865

November 2017 Archives

Long-term estate planning can be a part of retirement plan

Unlike a lightning strike, most people can expect to need some extra help at the end of their lives. Since the need is anticipated, a person can make the time period a little less stressful with long-term estate planning. Some consider this an essential part of estate planning for Florida folks reaching retirement age. 

A trust can provide stability for a child's future

Once a person has climbed the mountain of accruing wealth, they usually desire a way to share that wealth with family. A person who has retired and is debt free will likely be thinking about estate planning. Not every person will have confidence in a child's preparedness to receive a large sum of cash, nor will every child's circumstances be ideal for an infusion of cash. For individuals in Florida, a trust is a possible route for ensuring the longevity of the inheritance gift. 

Estate planning below the federal estate tax threshhold

At the end of life, the amount of wealth one has amassed has value to the individual, not only in terms of material wealth, but in terms of the hard work and persistence exerted to accrue it. Some individuals deeply care about where the wealth goes and how the money will be handled. It can be tempting to forgo estate planning, but even individuals whose net worth falls below federal minimums for estate tax may require a few legal protections to ensure that their hard-earned cash will be distributed as they see fit. In Florida, many individuals can potentially benefit from estate planning. 

Special needs trust can be a part of a successful financial plan

Some situations require specific plans. Being a special needs individual, or being a parent to one, can potentially require thoughtful financial planning. Since a person's assets can affect their ability to receive government benefits, some individuals choose to utilize a special needs trust to hold some of the assets. Florida residents with these needs can choose to combine the trust with government benefits in order to provide resources for a wider array of needs and wants. 

Special needs trust can be a part of a successful financial plan

Some situations require specific plans. Being a special needs individual, or being a parent to one, can potentially require thoughtful financial planning. Since a person's assets can affect their ability to receive government benefits, some individuals choose to utilize a special needs trust to hold some of the assets. Florida residents with these needs can choose to combine the trust with government benefits in order to provide resources for a wider array of needs and wants. 

Contact

William A. Johnson, P.A.
140 Interlachen Road, Suite B
Melbourne, FL 32940

Phone: 321-426-1865
Fax: 321-242-8417
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