What is Estate Planning?

Estate Planning is a process through which you plan for your lifetime care decisions, in the event that you become mentally or physically incapacitated; and planning for the transfer of your assets to beneficiaries in the event of your death, while minimizing tax burdens for your beneficiaries and protecting them from creditors. Proper Estate Planning also takes into consideration the care of minor children and family members with special needs; and can include provisions for pets. Estate Planning is for people of all ages, and it is not just for the wealthy. If you have any assets at all, you have an Estate, and digital assets can be a part of your planning.
Estate Planning also includes preparing lifetime living documents, advance directives, that protect you in the event of illness or incapacity. These important documents include: Designation of Health Care Surrogate, Durable Power of Attorney, HIPAA Release, Designation of Preneed Guardian, and Living Will.
With offices in Orange Park, Jacksonville, and St. Augustine, our Elder Law Attorneys take special care to explain the processes of preparing Wills, Trusts, Probate, and Trust Administration as they work with many clients in North Florida to create comprehensive Estate Plans to address clients’ needs and wishes.