Estate Planning, Will, and Trust
Estate planning
is the process by which an
individual (or family) can arrange the transfer of
assets in anticipation of death. It aims to preserve the
most of a person's wealth for distribution to his/her
beneficiaries as well as allow for flexibility to manage
these assets prior to death.
Your "estate" is the total property owned by you at
the time of death. It includes real estate (real
property) as well as cars, household items, and
financial accounts (personal property).
Wills and trusts are the more common vehicles for individuals to dispose of their wealth. Trusts, unlike wills, have the benefit of avoiding probate, which could be a lengthy and costly legal process. Even though a person has a will, a probate action must still be initiated in order to administer his/her estate in accord with the terms of the Will.
At the Law offices of Dulce B. Fazel P. A. a Jacksonville based attorney, we will review your estate in accordance with the Florida laws, advise you of the different estate planning tools available for your asset base, and draft the proper documents to ensure that your beneficiaries receive the bulk of your estate, that your exposure to estate taxes are minimized, and that your assets are distributed to your loved ones in the manner that you desire.