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Will & Trusts
Wills and Trust Attorney in Ormond Beach & Palm Coast, FL
Wills and trusts are an essential part of your estate planning, as they provide instructions on the distribution of assets among beneficiaries. The skilled legal professionals at Selis Law Firm specialize in crafting and updating wills and trusts for residents throughout the state of Florida. Our experienced team can guide you through the complexities of estate planning and help you decide which service is right for your unique circumstances. Secure your legacy today.
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The Importance of Wills, Trusts, and Estate Planning
Estate planning is the proactive process of organizing your assets, drafting legal documents, and making arrangements for the distribution of your assets, control of your business, and the way your medical care and finances are handled if you are incapacitated. Estate planning documents can also ensure your wishes are followed with regard to your funeral and cremation or burial after your death and can help your beneficiaries avoid the probate process. Having a solid estate plan not only protects you but also protects your assets, your business, and your family or other beneficiaries. Estate planning can also help you minimize income, gift, and estate taxes. Your estate plan should include wills, trusts, and powers of attorney in order to be complete.
What Is a Last Will and Testament?
Having a will in place can help your beneficiaries avoid the need for probate upon your death. A will also ensures that your last wishes are followed and your family and assets are protected. Our skilled and experienced team has drafted numerous wills and is familiar with the complexities of this estate planning tool. We can ensure your will is properly drafted, witnessed, and executed according to Florida law, giving you peace of mind.
A will is a powerful estate planning document allowing you to distribute your assets after your death, outline funeral arrangements, and name guardians for minor children. A last will and testament is a document used after your death that explains your final wishes regarding your funeral, burial or cremation, the distribution of your assets, the control of your business, and the care of any minor children or pets.
What Is a Trust, and Why Do You Need One?
Trusts provide greater protection and better control over your assets. Your assets are assigned to a trustee who manages and distributes them according to the instructions in the document. Beneficiaries can avoid probate court's costly and time-consuming process by placing their assets in a trust. Trusts also provide greater control over how and when your assets are distributed. Establishing a trust offers numerous advantages in the following instances:
- Blended Families – Every family unit is unique. Trusts can be composed to ensure your current spouse and children, along with children from previous relationships, are all cared for according to the grantor's instructions.
- Parents With Minor Children – Trusts allow you to provide care and financial support for your children throughout their lifetime by distributing assets at specific moments, such as a birthday or certain milestones.
- High Net Worth – If your estate tax exceeds the federal estate tax-exempt list, a trust ensures more of your assets pass to your beneficiaries.
- Business Owners – A trust can help ensure a smooth ownership transition and protect your business assets if you own a business.
Why Hire a Wills and Trust Attorney?
A wills and trusts attorney will ensure your estate plan is complete and legally sound. They will take the time to get to know you and understand your assets, liabilities, financial situation, and your specific wishes. By hiring a professional to draft estate planning documents like wills, trusts, and powers of attorney, you can minimize the risk of disputes between family members or beneficiaries as well as avoid mistakes or missing information that could result in your assets going into probate upon your death.
Explore Our Elder Law Services at Selis Elder Law
In addition to aiding with wills, trusts, and estate planning services, we also offer a wide range of other elder law services. Call us now to schedule a consultation to discuss:
Schedule a Consultation With Our Wills and Trust Attorney
At Selis Elder Law, we focus on making long-term care affordable by helping our clients restructure assets to qualify for government benefits like Medicaid or VA benefits. We also handle probate, trust administration, and estate planning for clients throughout Florida. Call us now or contact us online to schedule a consultation to discuss your options for wills, trusts, and estate planning in Ormond Beach, FL, or Palm Coast, FL.
Your Local Attorney for Elder Law
Providing Peace of Mind for Families as They Prepare for the Future
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