Wills, Trusts and Probate
It is certainly no one’s favorite subject, but providing for your family when you are no longer to do so is an inescapable, and crucially important, goal. Properly done, estate planning can ease that transition, protect your loved ones and what you have worked to build, and see that your heirs do not unnecessarily lose out to tax authorities or become enmeshed in protracted legal proceedings.
A useful first step is to identify your assets, both those you now hold and those you can reasonably anticipate gaining, and then thinking about the future needs you and your family may have. The next step is refining and setting the course for achieving your objectives, by obtaining advice from a knowledgeable, experienced central Florida attorney on the diverse legal and practical issues you need to consider.
Preprinted “Last Will and Testament” forms can easily be found in a stationery store, but working to protect and assure your family’s future should not be a do-it-yourself project. Instead, avail yourself of the legal knowledge, experience and sound judgment of the King Firm PA. We can help you develop a carefully considered plan to achieve your objectives, protect your family and minimize the tax burden.
Amazingly, about 70% of Americans have not prepared even a simple will. Without this basic protection, a court will decide what happens to your property after your death, regardless of your preferences. The same is true for any minor children you may have, or members of your family with special needs.
Depending on the size and complexity of your estate, you may also benefit from considering legal instruments like a living trust (which may effectively avoid the probate process) or a testamentary trust (one contained in a will).
If you or others in your family have questions or concerns in any of these areas, call the King Firm to arrange a free, confidential consultation. You’ll be glad you did.