Florida Estate Planning.
What do you want to protect?
Minor Child
Money & Things
House or Business
Health Care
Who needs a plan?
What plan is best?
What’s the process?
Minor Child
Money & Things
House or Business
Health Care
Who needs a plan?
What plan is best?
What’s the process?
(click to learn more)
OPTION 1:
Kids Protection Plan®
A comprehensive legal protection package to ensure your minor children are always looked after and cared for.
✓ Nomination of Short-Term Guardian
✓ Nomination of Long-Term Guardian
✓ Nomination of Healthcare Surrogate
✓ Caretaker Instructions
✓ Healthcare Instructions
✓ Legacy Documentation
✓ Babysitter Instructions
✓ Emergency Wallet ID Card
✓ Works while you are living
✓ Works after you pass away
✓ Avoids guardianship battles
✓ Avoids probate (with Trust plan)
OPTION 2:
Last Will & Testament
Appoint a trusted person (a “Guardian”) to look after and care for your minor children for the long-term after you pass away.
✓ Nomination of Long-Term Guardian
✓ Works after you pass away
✗ Does not work while you are living
✗ Does not avoid probate court
? May avoid guardianship battles
Living Trust
Appoint a trusted person or entity (a “Trustee”) to manage, protect, control, and distribute your money and things during your life and after you pass away.
✓ Works while you are living
✓ Works after you pass away
✓ Avoids probate court
Power of Attorney
Assign a trusted person (an “Agent”) to manage and protect your money and things if you are away or incapacitated.
✓ Works while you are living
✗ Does not work after you pass away
✗ Does not avoid probate court
Last Will & Testament
Appoint a trusted person (an “Executor”) to distribute your money and things to your named beneficiaries after you pass away.
✓ Works after you pass away
✗ Does not work while you are living
✗ Does not avoid probate court
Living Trust
Appoint a trusted person or entity (a “Trustee”) to manage, control and protect your real estate and business assets during your life and after you pass away.
✓ Works while you are living
✓ Works after you pass away
✓ Avoids probate court
Power of Attorney
Assign a trusted person (an “Agent”) to manage your personal and business responsibilities if you are away or incapacitated.
✓ Works while you are living
✗ Does not work after you pass away
✗ Does not avoid probate court
Last Will & Testament
Appoint a trusted person (an “Executor”) to administrate your estate and facilitate the transfer of your real estate and business ownership to your beneficiaries.
✓ Works after you pass away
✗ Does not work while you are living
✗ Does not avoid probate court
? May conflict with Business Plans
Health Care Directives
Appoint a trusted person (a “Healthcare Agent”) to follow your wishes for your healthcare and medical treatment if you are ever unable to make decisions for yourself.
✓ Nomination of Healthcare Surrogate
✓ Living Will
✓ HIPAA Authorization
✓ Authorization and Direction for Disposition of Remains
✓ Works while you are living
✗ Does not work after you pass away
Last Will & Testament
Appoint a trusted person (an “Executor”) to ensure you are buried or cremated based on your wishes.
✓ Works after you pass away
✗ Does not work while you are living
✗ Does not avoid probate court
WHO NEEDS AN ESTATE PLAN?
EVERYONE, but especially the following:
- Parents with minor children
- Parents with adult children
- Newlyweds or Divorcees
- Blended families
- Retirees
- Homeowners and Business owners
- Life Insurance or Retirement Beneficiaries
- Individuals with Special Needs
- Young adults going off to college
- Pets (yes, Pets!)
WHAT TYPE OF ESTATE PLAN DO YOU NEED?
Probably a Florida Will, if:
- your estate planning wishes are simple
- you want to leave everything to only your spouse (and then your children)
- you want to leave everything to a only a significant other, friend, relative or charity
- you have minimal assets and do not own real estate
- you want to ensure your property is not lost to the state of Florida
- you cannot afford a more complex estate plan
- you just want to have some plan in place and are not sure what else to do
Probably a Florida Trust, if:
- your estate is more complex
- you have assets over $75,000 or own real estate
- you want to ensure your heirs’ inheritance is protected for life from outsiders
- you want to make specific distributions of assets and possessions to different people
- you want to avoid probate court
- you want to keep your estate and beneficiaries’ identity private
- you want to set up charitable gift giving program
- you own a business or have investments
- you own life insurance and have retirement accounts
FLORIDA ESTATE PLANNING PROCESS
Complete your Inventory & Assessment.
Schedule an estate planning design session.
I draft your documents while you build your legacy.
Sign your documents and get on enjoying life.
VIRTUAL ESTATE PLANNING SERVICES
Fill Out Online Intake Form
Schedule Virtual Consult
I Draft and Send Your Plan
You Review, Sign and Fund
Start here for your Florida Estate Planning.
Contact Me.
If you have a question or just want to connect, get in touch today.