No matter how large or how small, everybody has an estate. That estate consists of the sum of their real and personal property. Estate law primarily involves the law of wills, trusts and and advanced directives like various powers of attorney and a living will. An estate law attorney in Coral Springs, FL, from Brodzky Jacobs & Brook can advise you on the following estate planning documents:
Wills
These instruments communicate a person’s instructions on how to distribute their estate upon their death. Debts must be paid first, and then, the balance of the person’s estate is distributed pursuant to the terms of their will. Sometimes, wills known as pour-over wills will reference revocable living trusts that operate to distribute estates. If a person dies without a will, he or she is said to have died intestate. The estate is then distributed in accordance with applicable Florida law.
Revocable Living Trust
When this type of a trust is set up, all of the real and personal property of a living person should be conveyed into it. Upon his or her death, the property is distributed. Probate might be avoided if a trust is established and administrated properly. Both wills and revocable living trusts can be changed at any time.
Powers of Attorney and Advance Directives
Some people are unable to care for themselves because they’re incapacitated. Health care and durable powers of attorney will allow another person to step in and make decisions on behalf of an incapacitated person. If a condition is terminal, and an individual has a living will, any procedures that might prolong that person’s life can be withheld.
You should consult with a qualified estate law attorney in Coral Springs, FL, with your Florida estate law questions. You might have more assets than you think. Contact or visit the website to arrange for a consultation.
