When to Change Your Power of Attorney

When to Change Your Power of Attorney

Estate Planning
A power of attorney is an important aspect of an estate plan. Not only do estate plans set out designations for after your death, but also in the event that you become temporarily or permanently incapacitated during your life. A power of attorney designates who will take over your financial and legal affairs if something happens to you, and you can no longer handle them yourself. Once you have a power of attorney in place, you might feel like you can rest easy. However, there are many situations in which you might want to update your power of attorney to a different individual. If you are considering this, speak with an estate planning lawyer in Seminole who can advise you while you review your estate planning documents. You got divorced…
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Estate Planning & Probate FAQ

Estate Planning & Probate FAQ

Estate Planning
Estate planning can be a confusing matter for many people. Do you need a will? Do you need more than a will? What is the legal process for your family after you pass away? Below are some common questions heard by our estate planning and probate lawyer in Seminole. For a consultation about your specific situation, please call the office directly. When should I draft a will? Every adult should draft a will, as wills are not only for people who are rich or older. Wills serve many purposes that can help your family after you pass away, including: Designate the executor of your will Name guardians for your children Name beneficiaries and the property they receive Help provide access to important accounts Without a will, the court process will…
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Purposes of Drafting a Will

Purposes of Drafting a Will

Estate Planning
At the heart of almost any estate plan is a document called the last will and testament. This is perhaps the most well-known estate planning tool, and the basis for most estate plans. The will serves a few important purposes, and you should not hesitate to discuss drafting or updating your will with an estate planning lawyer in Seminole, Florida. Designating an Executor When your estate is submitted to probate, there will be a person in charge of administering your estate. This includes taking inventory of your property, paying debts and taxes, defending your estate against legal claims, distributing your property, and more. Without a will, the court will appoint someone to fill this role. However, a will allows you to be in charge of this decision and designate someone…
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