Estate planning is necessary, but the very idea of it is overwhelming for many. That’s understandable. It involves a lot of paperwork and legal jargon that can be incredibly confusing. If you don’t have an estate planning attorney in Boca Raton but are considering hiring one, here’s what you should ask during your consultation.
1. What Is Included in Estate Planning?
Simply defined, estate planning allows you to plan in advance who will receive your property after your death. It should also include instructions on how to handle your estate if you become incapacitated, name a guardian for your minor children (if needed), and in general, provide protection for yourself and your loved ones.
2. What Exactly Is Included in My Estate Plan?
Your estate plan depends on your individual needs and assets. After a consultation with an estate planning attorney in Boca Raton, you’ll likely begin with a will. Your plan might also include a power of attorney for finances or health care, a personal letter that outlines your intent, and / or guardian designations.
3. What Happens if I Don’t Have an Estate Plan?
Many people think having an estate plan means you have a large quantity of valuable property and assets. The truth is anyone can have an estate plan, no matter their financial status.
Not having an estate plan means you’re giving up your right to decide who is responsible for your property, financial and otherwise. It can mean the state in which you live takes control of your estate and that the best interest of your family / loved ones won’t be considered.
4. When Should I Begin Estate Planning?
It’s really never too early to get your affairs in order. Most attorneys in Boca Raton suggest you start your estate planning as soon as you become a legal adult. Of course, as your family and assets grow, your plan should be updated.
Are You Searching for an Estate Planning Attorney in Boca Raton? Trust the Team at SHAMY, EL FADEL & MAHONE!
At SEM Law Group, we have your best interest at heart and want to help you with your estate planning. We can help with all aspects of estate planning including your will, power of attorney, trusts, and minimizing your estate tax.
Contact us at 561-939-8042 today and let’s get your estate plan in motion, so you can feel secure knowing you’ve protected your family.