What You Need in a Florida Estate Plan, Part 1 of 2 | Dorcey Law Blog

Whether your main focus is protecting your assets in Florida or you simply want to ensure that you are cared for in the event of incapacitation, or your priority is to secure your estate for the loved ones you leave behind, each of these documents is a cornerstone of your estate.

Florida last will and testament. If you have previously drafted a will that is no longer current, it is imperative that your first priority be to update this will. A will is where you decide who will be the guardian of any minor children and where you will name the beneficiaries of your estate. If you do not have an up-to-date will, any trust you have created may not be executable ? certainly not without probate.

Florida durable power of attorney. This document will name the person who may act on your behalf in a number of situations; if you become mentally incompetent or otherwise incapacitated, this person will handle all manner of financial transactions, including paying bills, handling bank accounts and insurance matters. This person may also have access to your estate and have the responsibility to decide who gets what in the event of your death. This is a unique document for everyone and how it is written will determine how much responsibility the power of attorney has.

The Dorcey Law Firm, PLC is a Florida Estate Planning, Asset Protection and Business Planning law firm with offices in Fort Myers, Florida and Naples, Florida. Our firm is dedicated to its clients, the rule of law and the betterment of the Southwest Florida community.

It is our goal to provide our clients with the highest level of legal services in the areas of Last Will and Testaments, Probate and Estate Administration, Living Trust, Irrevocable Trusts, Estate Planning, Asset Protection, and complete Business Planning. If you or someone you know needs information on Florida estate planning, please contact us today at 239-418-0169 to schedule your free consultation.

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Source: http://www.fortmyersestateplanning.com/?p=2135

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