TRANSITION WEALTH YOUR WAY
Estate Planning isn’t about how much money you have. It’s about legally protecting what you do have during your life, and ensuring that what you have gets to the people you love, the way you want, when you want. Whether your assets are worth $10,000 or $10 million, you still need to plan for the future.
As Orlando Estate Planning attorneys, the attorneys at the Flammia Elder Law Firm can develop a plan that will allow you to control the handling and distribution of your assets throughout your life and after death, reduce or eliminate taxes, avoid probate, and protect the assets of loved ones who have special needs or who may face the costs of nursing home care or assisted living facilities.
As a Florida Bar Board Certified Elder Law attorney, Kathleen Flammia and her team advise clients on a wide variety of Estate Planning matters:
We can work with you to develop an Estate Plan that has a solid strategy in place in the event of disability or long-term care needs, to avoid probate or guardianship, and to safeguard your life savings should nursing home care, assisted living, or other long-term care become necessary. We have the experience and expertise to handle even the most complex estate and probate cases.
For the ultimate peace of mind, consider enrolling in the Family United Plan, a comprehensive estate planning program that provides ongoing access to legal advice, regular education opportunities, continuous asset alignment, document updates, and family meetings. It’s the ideal way to make sure that your Estate Plan evolves as your circumstances change.
Estate Planning FAQ
What is an Estate?
Your Estate is everything you have in your name, including your house, your car, personal property, bank account, IRAs, and your life insurance policies. The Flammia Elder Law Firm works with you to diffuse the possible roadblocks that can alter the intended distribution of your assets, such as property issues, children from prior marriages, divorce settlements, the Florida Homestead Law, estate taxes, beneficiary designations, and many more.
What does Estate Planning involve?
Key components of Estate Planning in Florida include the preparation of Wills, Trusts, Durable Powers of Attorney and other advanced directives, including Living Wills and Health Care Surrogates. Your Estate Plan design may include a Revocable Living Trust. A Trust is an entity designed to hold and manage your assets. It gives privacy and dignity to your personal affairs, both during your lifetime and after your death. It can provide for a way to have someone else manage your assets if you are unable to do so, and it also can avoid probate upon your death.
Is Estate Planning just for wealthy older adults?
Contrary to what many people think, Estate Planning is not just for the very wealthy. Any individual over the age of eighteen should make the time to meet with an Estate Planning attorney.
Why is Estate Planning important for a young person?
When children become adults and go off to college, the last thing on their minds is who will act as their Durable Power of Attorney if necessary. If you are over the age of eighteen and are in a car accident or fall ill at college, a loved one might not be able to request medical information over the phone.
If you have proper Estate Planning documents in place, there should never be a problem. Estate Planning documents can direct an agent on how to handle your financial or medical situations. These documents can also name a guardian for any minor children in the event that you, as the parent, were to pass away.
Is Estate Planning a one-time event?
No. The most effective Estate Planning is a lifetime process. It changes as your situation changes. Births, deaths, adoptions, marriage, and divorce are all reasons to update your Estate Plan. A basic Estate Plan will not guarantee that there will be anything left of your estate. As your Orlando Estate Planning attorney, Kathleen Flammia will help you create an Estate Plan that will serve an even greater purpose.