Developing An Estate Plan That Fits Your Needs
Many people view estate planning as simply a way to prepare a will and decide “who gets what.” While this is a major focus of estate planning, it is not the only goal. A comprehensive estate plan should address all the legal considerations involved in planning for the future. For example, through careful estate planning, you can:
- Reduce your estate taxes
- Avoid the costly and time-consuming probate process through legal tools, such as revocable living trusts
- Reduce the risk of estate-related disputes down the road
- Select guardians for your minor children
- Designate trusted people to make decisions on your behalf if you become incapacitated, using documents such as a durable power of attorney, pre-need guardian designation and health care surrogate designation
- Set out your medical choices and end-of-life decisions through documents such as a living will and do-not-resuscitate order
- Plan for Medicaid eligibility or other sources of funding for long-term care
- Provide for a disabled adult child through a special needs trust
- Secure any veterans’ benefits you may be entitled to, including aid and attendance
As you can see, there is no one-size-fits-all approach to estate planning. With so many tools and strategies available to meet your goals, it’s important to seek guidance from a trusted attorney.
How We Can Help
At William A. Johnson, P.A., a Florida-based estate planning and elder law firm, we can help you gain peace of mind about the future through careful estate planning. Our lawyer will sit down with you one-on-one, getting to know you on a personal level to better understand your unique situation and goals. Together, you will develop a customized plan tailored to fit your needs.
As The Florida Bar-certified specialist in elder law with nearly 25 years of experience, attorney Johnson is well equipped to help you navigate important estate planning decisions.