Boca Raton Estate Planning Lawyer
LET A BOCA RATON ESTATE PLANNING LAWYER AT OUR FIRM HELP YOU PLAN FOR THE FUTURE
The term “estate planning” fails to truly capture the importance and scope of this crucial endeavor. It sounds clinical and abstract when in reality it translates hopes and dreams, care and responsibility, children, grandchildren, and other loved ones. “Estate planning” is about planning for life, yours and those of the people you care for the most. For these reasons, it is important to seek help with an experienced Boca Raton estate planning lawyer to ensure your wishes for both yourself and your family are carried out according to your exact specifications.
When done properly, estate planning can protect your assets and provide financial security for you and your family. Our clients garner the satisfaction and peace of mind that accompanies having experienced and talented estate planning lawyers who understand their individual situations as much as they understand the law. Contact us today to get started on your estate plan.
MERGING THE PERSONAL AND PROFESSIONAL AS WE MANAGE YOUR ESTATE
The Boca Raton estate planning attorneys at Ellis Law Group, P.L. have spent their careers helping individuals and families develop and implement comprehensive estate planning strategies. With decades of combined experience and an approach that merges the professional with the personal, our lawyers are valued advisors who see the big picture while still attending to the smallest details.
When you meet with us for the first time, you will see why so many clients have put their trust in us for their estate planning needs. We know that discussing these issues can sometimes be uncomfortable or unsettling, and it can certainly be complicated and confusing. That is why we will take the time to learn about you and your family, to truly listen to your concerns and desires, and to clearly answer all your questions without unnecessary legal jargon.
Each of our Boca Raton estate planning lawyers brings a wealth of experience and a wide range of perspectives to their work. As a client, you receive the one-on-one attention of your lawyer backed by the collective insights of a group of exceptional attorneys who work together to craft plans best suited to your individual needs.
WHY YOU NEED A BOCA RATON ESTATE PLANNING LAWYER
While some people may think that their assets are too modest or simple to warrant comprehensive estate planning, they may fail to realize how much they actually have or what could happen to those assets and their family members if they fail to plan for the future. Proper estate planning can save your family members from potentially expensive probate litigation as they try to unravel who is entitled to what. For example, without a will in place, your assets will get distributed according to Florida law, and potentially in a way that runs contrary to what you would prefer or expect.
Estate planning is also important if you want to minimize court interference in your private affairs. Parents can ensure that their minor children or those with special needs receive the protection and care they need in the event of a tragedy. Incapacity planning documents, such as powers of attorney and the designation of health care surrogates, can spare your family uncertainty and confusion if you are incapacitated. These documents can also avoid lengthy delays or uncertainty when time is crucial.
Recognizing that each client has their own unique circumstances, priorities, and goals, the estate each Boca Raton estate planning lawyer at Ellis Law Group can accomplish several personal, practical, and financial objectives for families regardless of wealth status. Specifically, we can help you to:
Protect your assets from creditors and others.
Anyone who owns real estate, a business, has cash savings, trusts, or stocks, stands to inherit assets, or who expects to retain substantial retirement or disability benefits is encouraged to speak with a lawyer experienced in asset protection matters to discuss their options to protect what they have worked a lifetime to accumulate. Simple strategies can often be used to protect the wealth that you have worked so hard to accumulate from being subject to lawsuits.
Provide for the care and well-being of your minor children in the event of an unexpected tragedy.
The adage to hope for the best but plan for the worst applies here. If something should happen to you and you are no longer able to care for your minor children and other dependents, you want to make sure that they will be cared for in your absence and a manner that you would agree with. Our estate planning team will work with you to establish legal safeguards so you and your family have peace of mind should the unthinkable happen.
Minimize your tax liabilities.
There are a variety of mechanisms that your Boca Raton estate planning attorney can recommend to significantly reduce the taxes that you, your heirs and the beneficiaries of your estate could be required to pay both during your lifetime and after your passing. We will sit down with you to map out a plan to make the most of available tax exemptions and options for reducing your tax obligations.
Ensure that your assets are distributed pursuant to your wishes.
Unless you properly execute a Florida Last Will and Testament, Florida law will dictate which family members receive your property left in your individual name, who will administer your estate, and even who will take care of your minor children. If disputes arise over any of these issues between your family members, your assets could get tied up in court, draining the value of the estate. Regardless of estate size, everyone should have a will.
Provide a loved one with special needs with the care and resources they need throughout their life with the help of a Boca Raton estate planning lawyer
As the parent or grandparent of a special needs child, you understand the financial and emotional assistance needed to ensure that a proper level of care is available and maintained. A sound estate plan can help you ensure that needed resources continue to be provided to your special needs family member.
Help you manage your long term health care needs.
A solid estate plan can help you plan ahead to qualify for Medicaid and other benefits should your declining health require you to reside in a nursing home or assisted living facility. The goal is to preserve your assets for yourself and your children, as well as give your loved ones and your physicians clarity and direction about your healthcare wishes and decisions surrounding your financial affairs in the event that you become incapacitated and are unable to make such decisions for yourself.
DEVELOPING AND IMPLEMENTING ALL ESTATE PLANNING STRATEGIES
We help clients achieve the estate planning goals outlined above by strategically using the full array of available estate planning documents and mechanisms; choosing, tailoring and personalizing each one for optimal effectiveness.
Our complete suite of estate planning services includes:
- Revocable Living Trusts.
- Powers of Attorney.
- Powers of Attorney for Minors. This document allows you to designate an individual to have authority to make decisions concerning your minor child if you are unable to.
- Designations of Health Care Surrogates.
- Designations of Health Care Surrogates for Minors. This document allows you to designate an individual to have authority to make medical decisions concerning your minor child if you are unable to.
- Irrevocable Trusts.
- Life Insurance Trusts.
- Special Needs Trusts.
- Grantor Retained Annuity Trusts (GRATs).
- Qualified Personal Residence Trusts (QPRTs).
- Domestic Asset Protection Trusts (DAPTs).
- Private Foundations.
- Estate Tax Planning.
THE FIRST STEP IN THE FLORIDA ESTATE PLANNING PROCESS
We’re your partners on life’s journey. Our team is here to make a difficult time in your life less difficult. You’ve worked hard for what you own and we take our job as protectors of your wealth very seriously.
Life goes on long after the ink dries on your estate planning documents. New family dynamics, changed financial circumstances, or shifting goals are just a few of the reasons you may need to modify your estate plan. At Ellis Law Group, your Boca Raton estate planning lawyer will stand by you throughout all of life’s changes.
Whether we prepared your initial estate plan or not, whether you need a small modification or a wholesale review of your arrangements, we can help ensure that your estate plan keeps up with your life, and the first step is a consultation.
This initial consultation is our opportunity for us to learn about you, your loved ones, and what your aspirations are for yourself and your family. We also want to know about your fears. Once we know what you want to accomplish with your estate planning, we will work with you to create a plan that meets your specific needs. We view much of our job as educating you on the subjects of estate planning so that you can make informed decisions regarding your estate plan. Nothing we do is cookie-cutter. We take your unique needs into account before making any recommendations and explain the options available.
CONTACT A BOCA RATON ESTATE PLANNING LAWYER TODAY TO SCHEDULE A CONSULTATION
No matter your age, means, or goals, a well-crafted estate plan is well worth the investment. It pays dividends in security and accumulates value in peace of mind. The attorneys at Ellis Law Group have made it their life’s work to help individuals and families in South Florida and throughout the country maximize these benefits through comprehensive, practical, and individualized plans focused on each client’s unique goals.
If you are considering an estate plan for your family or have questions about what is involved, how things work, and how we can help, we invite you to reach out to us. Call 561-910-7500 or contact us online to speak with an experienced Boca Raton estate planning lawyer. We welcome the opportunity to serve you and your family.