Trusts
Trusts are estate planning legal structures that can allow you to pass assets and property more quickly to your family and loved ones. With a trust, the assets and property transfer directly to your heirs and beneficiaries upon your death. This means that these assets and property won’t need to go through probate. Many families use trusts to pass on their wealth because of the privacy and ease that a trust affords. A trust can also permit you to more easily specify how and when you want assets passed on to your loved ones. For example, if you don’t want your children to receive all your assets, money, and property all at once, your trust can specify distribution dates and structures to control when and how your loved ones inherit your legacy. A trust can also confer certain tax benefits. While trusts come with many benefits, they can also be more costly than a will. Legal Counsel, P.A. employs estate planning attorneys in Orlando, Florida who can review your situation and help you determine whether a trust, a Last Will and Testament, or a combination of the two are best for your estate planning needs. Have questions? We have answers. Contact Legal Counsel, P.A. today at 407-982-4321.
Power of Attorney
One crucial aspect of end of life planning is the creation of a power of attorney. A power of attorney appoints a trusted person to manage your financial affairs should you become too ill to manage these affairs yourself. When planning your estate, it is often wise to put a power of attorney in place in addition to drafting a will and establishing trusts (if appropriate). Even if you aren’t making end-of-life plans, a power of attorney can protect you should you become suddenly ill and unable to make decisions for yourself. Getting a power of attorney for a family member when one hasn’t already been put in place can be challenging. Protect your rights and your family’s rights by drafting a power of attorney with the assistance of our estate planning lawyers at Legal Counsel, P.A. in Orlando, Florida.
Health Care Directives
In addition to considering how your assets will be distributed when you pass away, any sound end-of-life plan should also include a health care directive. This document specifies to your family members and to doctors what your wishes are with regard to the end-of-life health care you’d like to receive. If you become so ill that you cannot make decisions for yourself, a health care directive can make these wishes clear. A health care directive can also appoint a trusted family member or individual to make decisions on your behalf should you become too ill to make these choices yourself. This person is known as your proxy. Your health care directive should include details like:
- Your wishes regarding who you would want making medical decisions on your behalf should you become too ill to make them yourself (appointing a proxy).
- Your wishes regarding CPR and resuscitation should your heart or breathing stop.
- Your wishes regarding life support.
- Your wishes regarding pain management.
- Your wishes regarding organ and tissue donation.
A living will is a set of instructions that tells your loved ones, doctors, and family members what your wishes are regarding your medical treatment should you become too ill to make these choices yourself. While a health care directive appoints a person to make choices for you and specifies what choices you want made, a living will, while not appointing specific people to make choices, is a set of instructions for the kind of medical care you’d like to receive. When it comes to end-of-life planning, it may be wise to have both a living will and a health care directive in place. Contact Legal Counsel, P.A. and our estate planning lawyers in Orlando, Florida can assist you. Have questions? We have answers. Contact Legal Counsel, P.A. today at 407-982-4321.
Living Will
When it comes to end-of-life planning, the details matter. Give your family the peace of mind and ease of knowing what your wishes are regarding your medical care with a living will and health care directive. Honor your legacy and pass on your assets and property with peace of mind by using the best structure to transfer assets to beneficiaries. Plan ahead for the unexpected with a power of attorney that appoints a trusted individual to manage your estate and affairs should you become too ill to do so yourself. Legal Counsel, P.A. employs estate planning lawyers in Orlando, Florida who can help you with your end-of-life planning needs. Have questions? We have answers. Contact Legal Counsel, P.A. today at 407-982-4321.
Trust Your End-of-Life Planning to Legal Counsel, P.A.
When it comes to end-of-life planning, the details matter. Give your family the peace of mind and ease of knowing what your wishes are regarding your medical care with a living will and health care directive. Honor your legacy and pass on your assets and property with peace of mind by using the best structure to transfer assets to beneficiaries. Plan ahead for the unexpected with a power of attorney that appoints a trusted individual to manage your estate and affairs should you become too ill to do so yourself. Legal Counsel, P.A. is an estate planning firm in Orlando, Florida who can help you with your end-of-life planning needs.
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