You have recently made the good decision to go see an estate planning lawyer to get your will done. You outlined all of your final requests, and your attorney put in plenty of clauses and provisions that will make sure that your estate is handled just as want it. Now you are done, right? No, you are not. There are many reasons why your will should be reviewed and updated on an annual basis.
Estate planning isn’t always as simple as making a
will. For those who are parents of a disabled or special needs child,
establishing a trust for the child is an essential part of their estate planning.
There are many options for trust planning for Marco Island residents, but for
an airtight legal document and thoughtful planning that takes your unique
circumstances into consideration, choose The Mattar Firm.
There are many different situations where someone may
ask you to help manage their money. As people get older, the skills necessary
to maintain a monthly budget start to wane. When this happens, the elderly
usually reach out to family members for help with their finances. Sometimes the
courts will step in and determine that a person is unable to handle their own
finances and will appoint someone to manage their accounts. In this situation,
the money manager would regularly report to the courts and the actions of the
money manager would be closely monitored for fraud.
When you are getting estate planning done in Fort
Myers, you have many options on how you can put together your legal documents.
An experienced estate planner will have many different ways to structure your
will or trust, and there are many different ways to protect your assets as
well. If you want your Fort Myers estate to match your personal views and
needs, then your estate should be individualized.
A family member passes away and you mourn the loss of a
loved one with the rest of your family, as anyone would. A few days later, you
get a letter from your loved one’s attorney indicating that you have been named
as the executor for their estate. This is a tremendous responsibility that can
consume months of your time. Is it mandatory that you accept this position, or
can you refuse?
If you were to ask 10 Fort Myers residents about estate
planning, you would probably get 10 different answers. One of the consensus
answers may be that estate planning is only for elderly people with significant
financial resources. If you have a family, own a house and/or a car, and are
worried about how you will care for your family after you have passed away,
then you are a prime candidate for estate planning.
It is a nightmare many families want to avoid. Their
loved one is in an assisted living facility but is being ordered to leave
because the paperwork is no longer in order. When the family member with the
loved one’s power of attorney tries to sign the forms to make things right
again, the Medicaid agency refuses to acknowledge the power of attorney. Now
there is a loved one on the verge of being evicted into a homeless situation and
a family desperate for answers.
In the world of estate planning there are specialists who can help you to handle situations that you might have never considered before. Elder law attorneys who work in Cape Coral understand the challenges that your estate faces as you get older and your medical needs change. There may come a day when you need to pay for long-term health care in the form of an assisted living facility or nursing home, and it is important to take the necessary steps to protect your estate now to help pay for those long-term care costs later.
Long-term medical care for veterans is a part of elder law that many experienced estate planning lawyers focus on. Just as guardianship arrangements are important to special needs children after their parents pass on, long-term care services and elder law provisions are important to veterans. Every veteran should talk to an experienced estate planning expert about the services they are entitled to and any services their spouses are entitled to as well.
Fort Myers is the kind of place where family is
important and providing for one’s family is a top priority. There is a lot that
goes into providing for a family while you are alive and establishing yourself,
but the job does not stop after you pass away. You need good estate planning to
make sure that your family is provided for even after you have passed away.
There are many good reasons why the best way to establish an estate is with the
help of a experienced estate planning lawyer.