Estate Planning
It is never too early to begin planning your estate. Whether you want to use a traditional will or create a trust, our team at Romaine & Nugent are here to help. There are various benefits to both wills and trusts, and often, the right option depends on your unique circumstances. We will help you learn about your options and weigh the pros and cons of each.
We can help with all your Estate Planning needs:
Wills
Trusts
Power of Attorney
Living Will & Healthcare Surrogate
Incapacity Planning
Special Needs Planning
Why Estate Planning Is Important
If you die without a will or trust, your estate is classified as intestate. This requires your estate to go through the longest form of probate. The court will have to determine your heirs, your assets, your debts, and determine who should receive what. This can take years, and in the end, a judge will make the final decision on how your estate is divided.
Avoiding this long and often costly process is why estate planning is so important. It gives you some control over how your assets are divided, allows you to name your heirs, and gives them access to their inheritance much more quickly.
We offer a free initial consultation for estate planning to assess your particular situation and guide you through your options in order to make the best possible choices.
Who Needs Estate Planning?
Everyone! Even if you only have a few assets, it’s important to have your wishes documented in a will so the court can quickly process your estate. It is important to note that having a will does not allow your heirs to skip probate, but it does make the process significantly easier. If you have few assets and a will, your heirs may be able to file for summary administration and skip most of the process. In some cases, Florida law may even allow you to completely avoid probate, but there are very specific circumstances your estate must meet. We can evaluate your estate and let you know if your heirs may qualify for this option.
