Wills and Trusts in Jacksonville, Florida
Estate planning services in Jacksonville, Florida are important, but many people don’t understand how important this can be. Even when they are aware, they are unsure of how they are able to take action so their family is protect.
If you are one of the roughly 50 percent of Americans who have yet to create an estate plan, it is time to formulate a strategy and act on it as soon as possible. Our estate planning services can help you craft a customized plan that will suit your specific situation. Our caring staff is standing by to help you with any questions you may have.
Why Do You Need an Estate Plan?
Despite the fact that there is no legal requirement to create an estate plan, there are many benefits of doing so. For example, you can outline who will receive your assets upon your death, name a guardian for your children, and take steps to reduce the tax implications on your loved ones.
While no two people take an identical approach to estate planning, here are some of the things to include:
- Asset distribution: There are two questions to answer in regards to asset distribution. What is the best way to distribute your assets? Who do you want to leave your assets to upon you death? A will and/or trust can ensure proper distribution of your assets, but you must decide who to name as your beneficiary.
- Incapacity planning: Incapacity can strike at any time. Even if you are young and healthy, an accident or illness could result in a situation in which you are unable to manage your own life. Incapacity planning allows you to decide on things such as who would make financial and medical decisions on your behalf.
- Retirement planning: Your retirement plan and estate plan should work together. For example, have a plan for who will receive access to your retirement accounts in the event of your death.
- Long-term care planning: This takes on many forms, such as deciding how to pay for long-term care, buying long-term care insurance, choosing a nursing home, and applying for Medicaid.
Contact Us for Quality Estate Planning Services
At The Edwards Law Firm, P.A., we take great pride in helping people from the Jacksonville, Florida and surrounding areas reach their estate planning goals. Contact us online or via phone for more information on our services and how we can help. Our estate planning services can help you achieve your goals so that your legacy is secured for future generations.