Finding a way to make decisions about what happens to you after your death is anything but easy to do. Many people do not want to think about this. But, look at it from a different angle. You want to ensure your loved ones are well protected and you want to know they have a fair share of whatever you leave behind. If you own assets, you should have a comprehensive estate plan. By working closely with an estate planning lawyer in Jacksonville, FL, you can gain more insight into what options are available to you.
What Can You Do with an Estate Plan?
An estate plan is more thorough than a will. It provides specific information and guidance to those who you leave behind about what should happen with your assets. But, it gives you more ability to control those assets. It is very important to work with an estate planning lawyer in Jacksonville, FL to achieve these goals.
For example, a key component of your plan may be a trust. The trust may provide protection for the assets you own, such as investment accounts or your retirement accounts. The funds move here after your death and are controlled by the estate until the proper requirements are met. You can also include life insurance policies into your estate plan. Estate plans also allow you to provide more insight, over who will care for your children while giving you the tools to set up funds to minimize any loss of funds from your estate during probate.
Because they are so valuable and powerful, it is essential to work with an estate planning lawyer in Jacksonville, FL. Determine what your goals are and then allow your attorney to help to ensure they are legally binding.