Planning for your future is one of the most significant steps you can take to protect yourself and your loved ones. The process involves making important decisions about your assets, healthcare, and legacy.
As you consider your options for estate planning in Palmetto Bay, the attorneys at Veliz & Associates, P.A. can provide the clarity and confidence you need to move forward.
Wills and trusts are the foundational documents of most estate plans. A Will is a legal document that outlines your wishes for the distribution of your property and the care of any minor children. For a Will to be valid in Florida, it must be signed by the testator in the presence of two witnesses, as required by Florida Statutes § 732.502.
While a Will is essential, a trust offers different advantages, such as avoiding probate and providing more control over your assets. Trusts can be created for many purposes, including managing assets for young beneficiaries or providing for a loved one with special needs.
According to Fla. Stat. § 736.0403, a trust is created only if the settlor has the capacity and indicates an intention to create the trust. A dedicated estate planning lawyer can help someone in Palmetto Bay determine which types of documents best align with what you are trying to accomplish with asset protection.
A complete estate plan also prepares for the possibility of incapacitation. A durable power of attorney is a crucial document that allows you to appoint a trusted individual, known as your agent, to manage your financial affairs if you are unable to do so.
The Florida Power of Attorney Act, found in Fla. Stat. § 709.2105 et seq., governs the creation and execution of these documents, providing a powerful tool for protecting your assets during your lifetime.
For business owners, planning for the future of the company is equally important. We offer strategic business succession planning to create a clear roadmap for transferring leadership and ownership, ensuring the continued success of your enterprise.
When a person passes away with assets in their name, their estate often must go through probate. This is the legal process where a court or executor:
The venue for probate proceedings is typically the county where the deceased resided, as noted in Fla. Stat. § 733.101. Importantly, this process can be time-consuming and public.
Our estate planning law firm provides guidance to people in Palmetto Bay who are looking to manage an estate efficiently, whether we help you plan to avoid probate or assist your loved ones through probate. Our goal is to minimize stress and delays, allowing your family to focus on what matters most.
Securing your legacy and protecting your family’s future begins with a thoughtful, comprehensive plan. Our team at Veliz & Associates is committed to providing personalized and strategic counsel to help you achieve your estate planning objectives. We take the time to understand your unique circumstances and design a plan that reflects your life.
If you are in Palmetto Bay, let a compassionate estate planning lawyer provide you with the peace of mind that comes from knowing your affairs are in order. To discuss how we can assist you, please contact our office to schedule a consultation.
We evaluate your case and determine how we might be able to help.
We will meet with you to discuss your next options and lay out a plan.
Our team guides you throughout the process so you feel confident about your choices.
(305) 250-9917