12Law Arrow 12Law Arrow  Easy Questions  
12Law Arrow 12Law Arrow Instant Legal Documents
 
 
FINANCIAL & MARITAL

Cohabitation Agreement coming soon!
Separation Agreement coming soon!
No-Fault Divorce coming soon!
Bankruptcy coming soon!
 
 

Overview of Estate Planning in Hampton, FL

Overview of Estate Planning in Hampton, FL


Death is not a tragedy to the one who dies; to have wasted the life before that death, that is the tragedy.
 
- Orson Scott Card


Estate planning is the process of getting your affairs in order so that if you pass away unexpectedly, things will be much easier for your loved ones.

Estate Planning doesn't have to be hard or expensive or intimidating. Just a few simple steps: Catalog what you own, make a will and create a few legal documents (with the help of 12Law.com) and review the beneficiaries on your retirement accounts. For most Americans, there's no need to worry about estate taxes or fancy trusts.

Do it for your family. You will feel so much better knowing that you've taken care of them.

• Write a will. State in this document the properties you want your beneficiaries to inherit. You can also indicate the guardian for your young children if something happens to you and your partner.

• Select a guardian for your children. Children who will inherit any money or property from you should be designated with an adult guardian to oversee their affairs.

• Update beneficiaries on retirement accounts. You can transfer to your beneficiaries your stocks, bonds and brokerage accounts if you were able to register them. If you have a bank account and retirement plans, naming a beneficiary to these documents can automatically make these accounts "payable on death". This can avoid the probate process.

• Sign up for life insurance. It would be a good investment to get a life insurance if you owe significant amount of estate tax or debts, have young children, and own a house.

• Determine of you will owe estate taxes. Estates taxes will be impose by the government upon your death if your taxable estate is more than the inclusive limits set by law.


• Determine if a Living Trust is right for you. Property placed in the living trust can be distributed to their designated beneficiaries without undergoing probate which can be expensive and time consuming.

• Define your health care directives . You also need to plan out for your medical care by doing a medical declaration or Living Will that can indicate the treatments you want or do not want and Power of Attorney for health care that can assign a trusted person who will make medical decisions for you if you are unable to make it yourself.

• Create a financial power of attorney . If you become incapacitated, handling your affairs can be a problem but not if you have a durable power of attorney for finances. A trusted person you have chosen yourself will be handling your finances and property if that time comes. This trusted person is called an agent or attorney-in-fact.


• Provide for funeral expenses. Payable-on-death bank account can be more reliable and easier to set-up as compared a funeral prepayment plan. This will cover your funeral and other related expenses.

• Make the final arrangements. This document will indicate your wishes for organ and body donations and also the disposition of your body through burial or cremation.

• Define the Succession Plan for your business. Make plans if you own a business by having a successor. If you have a partner in business, have a buyout agreement.

• File all estate planning documents. The person you choose in your will to administer your properties should be given access to your important documents like:

1. will

2. trusts

3. information on bank accounts, mutual funds, and safe deposit boxes

4. information on retirement plans, 401(k) accounts, or IRAs

5. insurance policies

6. real estate deeds

7. certificates for stocks, bonds, annuities

8. Information on debts: credit cards, mortgages and loans, utilities, and unpaid taxes

9. Information on funeral prepayment plans, and any final arrangements instructions you have made.

 
Personalize & Print a Free FL Last Will Create This Document
Page 1
Page 2
Page 3
Page 4
Page 5
Page 6
Page 7
Page 8
Page 9
Page 10
 
Personalize & Print a Free FL Living Trust Create This Document
Page 1
Page 2
Page 3
Page 4
Page 5
Page 6
Page 7
Page 8
Page 9
Page 10
Page 11
Page 12
Page 13
Page 14
Page 15
Page 16
Related Legal Services near Hampton, FL
Forman Law Offices PA
334 NE 1st Ave
Delray Beach, FL 33444
(561) 266-9998
Malpractice Law Attorneys, Medical Malpractice Attorneys, Attorneys
Immigration Visas Services Inc
6856 W Flagler St
Miami, FL 33144
(305) 267-9820
Immigration Law Attorneys, Immigration & Naturalization Consultants, Attorneys
Walker Moneques S PA
8260 W Flagler St Ste 1E
Miami, FL 33144
(305) 485-9550
Immigration Law Attorneys, Attorneys
Ibertis Edecia
1221 N Main St
Kissimmee, FL 34744
(407) 944-9431
Paralegals
Amerilawyer.Com
9 Dotterel Rd
Delray Beach, FL 33444
(561) 272-9228
Corporation & Partnership Law Attorneys, Attorneys, Business Law Attorneys
O'Farrell Rob
2006 N Harbour Dr
Lynn Haven, FL 32444
(850) 234-9192
General Practice Attorneys, Attorneys, Legal Service Plans
Trafficschoolamerica.Com
1305 New Jersey Ave
Lynn Haven, FL 32444
(850) 814-9111
Traffic Law Attorneys
John Cullum
26843 Tanic Dr., Suite 102
Wesley Chapel, FL 33544
(813) 997-9025
Family Law Attorneys, Divorce Attorneys, Probate Law Attorneys, Wills, Trusts & Estate Planning Atto
Westbay Career School
27212 Foamflower Blvd
Wesley Chapel, FL 33544
(813) 907-8961
Colleges & Universities, Family Law Attorneys, Business & Vocational Schools, Adult Education
Gonzalez Mercedes
26907 Foggy Creek Rd Ste 101
Wesley Chapel, FL 33544
(813) 973-8900
General Practice Attorneys, Attorneys
Bomnin & Villegas Consultant
8500 SW 8th St
Miami, FL 33144
(305) 262-8722
Real Estate Attorneys
Harrison Baya Atty
310 N Jefferson St
Monticello, FL 32344
(850) 997-8469
Criminal Law Attorneys, Attorneys, General Practice Attorneys
Barber Michael J
808 N Main St
Kissimmee, FL 34744
(407) 933-8212
Corporation & Partnership Law Attorneys, Attorneys, Family Law Attorneys, Business Law Attorneys, Re
The Berlinsky Law Firm
35 N 6th Street, Suite 7
Haines City, FL 33844
(863) 409-7961
Andrea Mosley Attorney
1627 E Vine St # 120
Kissimmee, FL 34744
(407) 574-7921
Bankruptcy Law Attorneys, Attorneys
Felicia Williams Law Office
2405 Creel Ln # 102
Wesley Chapel, FL 33544
(813) 991-7773
General Practice Attorneys, Attorneys
Santana Law
5755 W Flagler St
Miami, FL 33144
(305) 269-7727
Immigration Law Attorneys, Attorneys
Rodriguez Eduardo
2558 US Highway 17 92 N 92 N # H
Haines City, FL 33844
(863) 419-7700
Attorneys Referral & Information Service, Attorneys
Solomon Martin M
660 Linton Blvd # 216
Delray Beach, FL 33444
(561) 274-7581
General Practice Attorneys, Immigration Law Attorneys, Attorneys
Pike Therese A
298 NE 2nd Ave
Delray Beach, FL 33444
(561) 274-7500
General Practice Attorneys, Attorneys
Cascio Carl A PA
525 NE 3rd Ave # 102
Delray Beach, FL 33444
(561) 274-7473
Corporation & Partnership Law Attorneys, Attorneys, Business Law Attorneys
Aponte & Assoc-Abogados
1920 Verano Dr
Haines City, FL 33844
(863) 438-7451
Immigration Law Attorneys, Attorneys
Wilbur V Chaney
75 SW 5th Ave
Delray Beach, FL 33444
(561) 276-7447
Bankruptcy Law Attorneys, Attorneys, Legal Service Plans
Matthew J. Jowanna, P.A.
2521 Windguard Cir
Wesley Chapel, FL 33544
(813) 929-7300
General Practice Attorneys, Attorneys
12Law.com   |  NASHVILLE, TN USA   |  CONTACT US