Check Out These Three Ways Estate Planning Probate Attorneys Differ From Legal Service Websites
What goes into making a solid estate-plan in West Palm Beach? Much more than I can possibly lay out in one blog post. That being said take a look at these three things West Palm Beach probate firms consider when drafting your estate plan. Do legal document websites take this much time to create a custom estate plan for clients in West Palm Beach?
#1 Tax Planning
- Did you know that you might have different estate tax exemptions if you are not a permanent resident?
- Have you considered different ways around the steep inheritance tax that the federal government may apply to your West Palm Beach estate?
- Experienced probate attorneys in West Palm Beach know they are only as good as thetax advice they can provide.
- Leaving an inheritance just is not the same when forty percent of it is sucked out by the taxman.
- How can you avoid taxes on a West Palm Beach inheritance legally?
- A good estate plan deals with tax burdens in advance and creates a dynamic that the probate court will uphold.
- How much does probate deal with tax planning in West Palm Beach?
#2 Family Dynamics
- Family dynamics change the estate plan in more ways than one.
- Do you have children from different marriages?
- How are you going to handle your estate with regards to prior marriage?
- Have you amended your estate plan to reflect a recent divorce or remarriage?
- Experienced Palm Beach probate litigators know that divorce may invalidate large sections of your estate plan but a revision is still best.
- Did you know a divorce might remove your ex-spouse’s rights to life insurance and other benefits to which they are listed as the beneficiary?
- Make sure your estate plan reflects today and not yesterday.
- Experienced Palm Beach probate litigators want to plan the estate for the individual not the masses.
- Have you bought a template estate plan from a website?
- You may find that your family dynamic is different, have an estate plan that is as well.
#3 Special Circumstances
- Do you have children with special needs in West Palm Beach?
- Experienced Palm Beach probate attorneys know that sometimes an estate plan may also need a trust to compliment it.
- One common reason is children who will require disability or social security.
- These funds may be cut off by a large inheritance that in the end leaves someone worse off than without the inheritance.
- This is where the special needs trust comes in handy.
- No matter what the special circumstance the point is your estate plan should work for you and your family, not the other way around.
- If you filled out a form to establish an estate plan, you may find that form does not fit you.
- Customization is key, if you are ready to get the custom estate plan you and your family deserves, talk to an experienced Palm Beach probate firm, not a website.