Estate Planning Lawyers Lakewood Ranch, Sarasota & Bradenton, FL
Estate Planning for Families
Many people don’t like to think about probate and estate planning. We can hardly blame them: no one likes to make plans for their incapacitation or passing. In an effort to provide peace of mind, and educate the general public about these issues, we offer the following information.
Do I Need Estate Planning?
At the end of life, there will be a transition of your assets to others. Will that transition of assets occur according to your wishes? Will you provide for your family and favorite charitable causes to the best of your ability? A frank discussion of these questions is in order for any thoughtful person.
Do I need a Will or A Trust?
Everyone’s personal and financial situation is different. Some client’s needs are best met using a Will, and some require a Revocable Trust, sometimes known as a Revocable Living Trust. Neil T. Lyons will review your family situation, your assets, and your needs and can make recommendations that fit your specific needs.
Does every Will have to be Probated?
Not every will must be probated. If there are no assets subject to probate, probate administration may not be necessary. Probate is a court process used to determine the validity of a will and oversee the payment of creditors and distribution of estate assets. Even if there is no valid will at the time of death, an estate may still be subject to probate. Probate is regulated by state laws, and there are specific procedures prescribed by each state for carrying out the process.
Law Powered By Women®