Wills, Trusts and Estate Planning
Estate Planning is a process of planning for efficient handling of the estate in the event of the owner’s death. Estate planning includes administration, disposition, and distribution of individual’s property and assets. Another facet of estate planning is establishing trusts and various other fiduciary relationships. Perhaps the most well known aspect of estate planning is preparing a will, which will include heirs, or beneficiaries, to owner’s assets. The tax costs commonly associated with the transfer of wealth can be quite high. Thus, prudent estate planning, regardless of personal net worth, is always advised. Executing far-sighted estate planning will ensure the optimal disposition of assets and minimize tax burdens, such as estate, income, and trust taxes. If no proper estate plan is in place when death occurs, the distribution of property may become a matter of state law.
Estate and probate law is necessary for someone wanting to protect their assets and then leaving them intact for their heirs. If you are in Central Florida contact our Estate Planning lawyers who have the knowledge to guide you in these areas. Call 855-LAW-2020 for a free consultation today.
A will or testament is a legal declaration by which a person, the testator, names one or more persons to manage his estate and provides for the transfer of his property at death. For the devolution of property not disposed of by will, see inheritance and intestacy.
In the strictest sense, a “will” has historically been limited to real property while “testament” applies only to dispositions of personal property (thus giving rise to the popular title of the document as “Last Will and Testament”), though this distinction is seldom observed today. A will may also create a testamentary trust that is effective only after the death of the testator.
Our goal at BCN is to provide Florida residents with customized, lawyer-drafted Last Will & Testament and other estate planning documents quickly and easily.
We want to provide you with an in-depth consultation with a professional trained to help you achieve your objectives. Many people die without a will. In some cases, individuals are stricken by an incapacitating disease or injury without designating a family member to make health care decisions for them on their behalf if they are unable to any longer. Do not wait until the last minute to plan out and draft your will.
Allow the Boyette, Cummins & Nailos, PLLC, Law firm to help you create and obtain a Last Will and Testament and other basic estate planning documents for your peace of mind.
The trustee of a trust owes the beneficiaries of that trust certain fiduciary duties of honesty, prudence, and loyalty. When those duties are violated by a trustee, a bequest may be put in jeopardy. The attorneys of Boyette, Cummins & Nailos, PLLC, can represent beneficiaries and trustees with the following trust issues and claims:
Failure to make proper and timely distributions
Excessive trustee compensation
Interpreting ambiguous trust provisions
Please call us at 855-LAW-2020 to schedule your free consultation today!