Elder Law

Elder Law – What You Need to Know

Learning More About Elder Law Fort Lauderdale

Elder abuse can be a serious problem. Unfortunately, there are a lot of people out there who are willing to exploit the elderly. It’s important to make sure that you and your loved ones are protected. Hence the need to know about Elder law.

One of the best ways to make yourself safe is with information. If you take the time to learn more about elder law Fort Lauderdale, you’ll know whether or not you have a case when something is wrong.

Start By Talking To A Lawyer

Even if you’re not sure whether or not you have a case, you should set up a consultation with a legal professional. In most cases, this consultation will be completely free; you’ll only have to pay if you decide to work with the lawyer going forward.

Try to get a recommendation or a referral and find a good lawyer in the Fort Lauderdale area. From there, set up an appointment for a consultation. Explain the basics of the situation to the lawyer. They’ll be able to tell you whether or not they think you have a case, and what they think the likely outcome of the case will be. From there, you can decide how you want to proceed.

Don’t Tell Yourself You Can’t Afford Legal Help

A lot of people avoid contacting a lawyer even if they think they have a good case. They know that lawyers can be very expensive, and they assume that there’s no way that they can afford the cost of representation.

However, legal help may be more affordable than you think. Many attorneys are willing to work with people to develop a payment plan that makes sense for all involved. If a person is pursuing a lawsuit that has a potentially large payout, lawyers may be willing to initially eschew a payment in exchange for a larger payment later on.

During a consultation, you’ll be able to talk about costs with the lawyer and determine whether or not you can actually afford it. Even if the lawyer you talk to is out of your price range, they may be able to connect you to someone that you will be able to afford.

Keep Up With Changes To The Laws

Laws change frequently. Amendments are made, new laws are passed, and old laws are struck down. Take advantage of all of the resources on the internet and try to make sure that you keep up with any and all changes to the law. The right law could make all the difference when it comes to your elder abuse case.

The more you know about elder law, the easier it will be for you to protect the elderly people you love. Fortunately, you don’t have to figure out everything on your own. If you work with an attorney that specializes in elder law Fort Lauderdale, you’ll be able to get all the information you need from a source that you can trust. In the end, everyone will be able to benefit.

The Probate Attorney

The Probate Attorney

The Role of The Probate Attorney

While it is not required in most of the states in the United States to use a lawyer when a person dies and the estate has to be run through probate, it in many cases a very wise decision to hire a probate attorney.

Sometimes the probate of an estate can become fairly complicated, depending upon the size of the estate, whether there is a will or not, and what form the various assets of the estate consist of. For example, if there is no will, the estate is considered to be “intestate” and in such cases, the state will rely upon a previously legislated order of distribution.

That is why many people who have an estate of any appreciable size will sit down with a probate attorney and plan the distribution of their estate so that the distribution will go to the beneficiaries that are intended to receive all or a portion of the assets, and so there will be no confusion in the matter.

When property is passed on after a person’s death there can be taxes and administration costs to be paid. There is a Federal estate tax which only takes place (in the first death of a married couple) for estates that have a value of over $10 million. Many states also levy and estate tax, and the thresholds for those particular states are much more unforgiving. For example, in Pennsylvania, the taxman begins to count the money once the value of the estate surpasses $10,000.

Then of course there will be administration fees as well as attorney’s fees, which will be applied to the total cost of the administration of an estate after the death of a person.

For most of us, the proper completion of a will, with possible trust, used for housing assets, is typically the order of procedure, as the will sets down the specific instructions that the estate owner wishes to be used in the distribution of assets. The main point in the will center around to is to receive certain assets and the quantity that each person is to receive.

Trusts are treated as separate entities, and they have a sort of a legal protective quality all their own. For example, a living, or inter vivos trust can be established for the purpose of housing assets before a person dies, thus avoiding the necessity of the assets having to pass through probate.

If an irrevocable trust is formed, it can avoid some taxes and costs, and this is why the assistance of a well qualified probate attorney can be of great assistance. A well thought out gifting program can be instituted which in most cases causes less taxes than if left to go through probate.

In the case of a married couple, the proper use of a marital and non-marital trust arrangement can be used to split the costs of transfer so that both deaths are considered, thus lowering costs. Truly, professional help in these areas are very important.

Estate Planning

Estate Planning

Estate Planning Tips That Everyone Should Keep In Mind

Estate planning is a topic that many people are reluctant to broach. It’s easy to see why. After all, no one wants to think about dying.

However, it’s important to remember that death is inevitable. While you can take measures to slow it, eventually, it’ll happen whether you plan for it or not.

Because of this, it’s important for people to stop making excuses and to start focusing on estate planning. This simple guide will get you started.

1. Start By Writing A Will

If you die without writing a will, the division of your assets may be left up to complete strangers. A clear, carefully constructed will can minimize arguments and make things much easier for your family after you’re gone.

Because of this, you should work with a lawyer to create a clear, simple will. If you have more complex assets, you may want to work with the lawyer to set up a will and trust.

2. Invest In Life Insurance

While the options you have for life insurance tend to dwindle as you get older, it’s still a smart investment. At the very least, you should try to make sure that your family has enough money to cover your funeral expenses.

Talk to an insurance agent and find out what kind of options are available to you. From there, you can determine what kind of insurance you’d like to invest in.

3. Make Sure You Have End-Of-Life Documents In Place

In addition to a will, there are three other end-of-life documents you’ll want to have. You’ll need a advance directive, a release of information form, and a power of attorney. All of these things will make things easier for your family if you fall critically ill.

4. Decide What You Want To Happen To Your Body After You Die

It’s morbid, but something needs to be done with a body after a person died. If you haven’t made your wishes clear, it can be stressful for your family to try to determine what the best option is.

Although the main options are burial and cremation, there are a number of other options as well. Try to spend some time exploring these options and reading up on their cost. From there, you can decide which path you’d both like to take.

5. Consider Pre-Paying For Your Funeral

While many people rely on their life insurance to cover the cost of their funeral, that money doesn’t always come in right away. You may want to pay for your funeral in advance instead. If everything is already paid for and taken care of, your grieving family won’t have to worry about a thing.

Estate planning can be stressful to think about, but it’s worth taking the time to deal with it. That way, when the end comes, you can rest easy knowing that everything is taken care of. It’ll be easier for your family, and it’ll be easier for you as well.

Asset Protection Attorneys

Asset Protection & Probate Attorneys

Your Guide To Finding Asset Protection and Probate Attorneys

Because frivolous litigation has become more common, it’s more important than ever for people to protect their assets. Creditors can lay claim to a wide array of assets, including cash, stock, bank accounts, and real estate, hence the need for an asset protection attorney.

Whether you’re facing a lawsuit or simply want to make sure that your assets are fully protected, it’s a good idea to talk to asset protection and probate attorneys. Establishing a positive relationship with a legal professional will put you in a better position if you do run into trouble later on.

Ask Your Colleagues For Recommendations

If you have colleagues who have assets to protect, it’s likely that some of them are already in contact with an attorney. Ask them if they can provide you with some kind of referral or recommendation. Most people find their attorneys through referrals, and getting a recommendation from a person you trust can be a big help.

Don’t Be Afraid Of Consultations

A lot of people shy away from legal consultations. They assume that it’ll cost them money, and that it doesn’t make sense to pay for something they might not need.

However, it’s important to remember that in many cases, legal consultations are free. You only have to pay if you want to retain the services of an attorney beyond that. Take a closer look at some of the attorneys in your area and see if a free consultation is an option for you.

Even if you do have to pay to see an attorney, in many cases, it’s money well spent. For example, a qualified attorney could read over a contract and make sure that it leaves your assets fully protected. In the long run, this will save you more money than it will wind up costing you.

Experience Is Important

Experience is everything in the legal world. There’s only so much they can teach a person in law school. At the end of the day, it’s what an attorney learns in practice that really matters.

With that said, it’s important to make sure that the lawyer has the right kind of experience. They need to have experience with asset protection, not criminal law. Experience in other fields doesn’t really cross over in the legal world.

Choose An Attorney You’re Comfortable With

If you’re going to be working with an attorney, you need to make sure that you’re happy with them. If you’re uncomfortable around your attorney, you might be afraid to ask them questions or bring up relevant pieces of information.

Even if an attorney comes highly recommended, you don’t have to work with them. At the end of the day, you should trust your gut. Find an attorney that you feel good about working with. If someone gives you a bad feeling, then you should look for someone else.

If you follow the tips listed above, you should be able to find an asset protection attorney that you’ll be happy working with. Make sure your assets are fully protected.

Estate Planning Attorney

Estate Planning Attorney

The Role Of An Estate Planning Attorney

Estate planning can be defined as the process of managing an estate to transfer the assets to beneficiaries and reduce the taxes owned after the owner dies. The goal of an estate planning attorney is to ensure all your financial wishes are met after your death, instead of being determined by the court.

When you start to make your plan, you’ll want to consult a Fort Lauderdale estate planning attorney to ensure that all the requirements are in order for your wishes upon death. Well, there are a couple of things you can do when preparing to meet with the estate planning attorney.

The Steps

The first thing is to have all your documents in order. Bank account information, retirement plans, insurance information, debt list, the names and addresses of everyone involved with your assets, pension e.t.c. These are the things you will have to bring when meeting with the estate planning attorney. Providing as much information as you can is advisable.

But where do you find an estate attorney?

Well, one of the best ways to find a good Fort Lauderdale estate planning lawyer is through references. You can ask friends and relatives who they would recommend. Other individuals that could be of help include accountants, financial advisers, and even attorneys you have used in the past. Advertisements can ideally offer great information on estate planning lawyers, but ensure you ask all the questions that determine qualification and reliability before you use them.

Alternatively, you can do research online by visiting sites of estate attorneys in Fort Lauderdale. Great lawyers will have a website explaining the process of estate planning and will even have testimonials from their happy clients.

You’ll want to ensure that your property is planned for and your wealth regardless of its size is distributed as you wish upon your death. At a minimum, individuals ought to plan to a power of attorney and make a will to ascertain that your assets are properly planned for when the times come to distribute your wealth. A lawyer that practices estate planning is the best option for this work.

Having your own estate planning lawyer can prove to be a simple venture, in regards to the mentioned factors and there are many benefits associated with that. There is a myth that estate planning only helps those wealthy in nature, however, every person in the nation can reap the benefits of this venture. If for no other reason that to make everything run smoothly for their families and spouses.

As earlier mentioned, estate planning enables the person to make sure that particular people receive particular assets as the owner wishes. With the help of a proper will in addition to other legal documents, you’ll be able to specify which people will be the rightful heirs and which people will receive the assets that you want to delegate among your family members. With an opportunity to legally determine who receives what, you can live with a peace of mind knowing that your assets will be shared in accordance with your will, upon your death. So, why not search for a Fort Lauderdale Estate Planning Lawyer today and reap the benefits, or just call Wild Felice & Partners, P.A. at (954) 944-2855?