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Palm Beach Gardens, FL Estate Planning Attorney

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It’s never too early to start creating your estate plan. Some people have the impression that an estate plan is something you only need when you feel that the end of your life is approaching, but the truth is that the future is uncertain. It’s always best to be prepared! 

Sometimes people also have the idea that an estate plan, or even just a will, is something that is only needed by rich people who have a lot of wealth to pass down. Also not true! Estate plans are unique to individuals and address a wide variety of needs and issues.

When you work with a Palm Beach Gardens estate planning attorney at Elder Law, P.A., you can count on professional legal guidance in crafting all the elements of an estate plan that will address the needs that are particular to YOU. Reach out to schedule a free consultation and we will discuss how we can help you determine what you need to create a watertight estate plan.

Palm Beach Gardens Estate Planning Attorney

What Is Estate Planning And Why Is It Important?

Estate plans account for your wishes regarding the division of your wealth and assets after you pass, as well as other significant decisions such as appointing guardianship for your minor children should you pass away, or establishing healthcare directives in the event you are incapacitated. Estate planning is the legal process by which these decisions are appointed. A comprehensive estate plan ensures that your wishes will be understood and respected in the future when it is too late for you to make them for yourself. 

Working with our experienced Palm Beach Gardens estate planning attorney is essential for your estate plan’s legal compliance. You might think that you can create your own estate plan with online templates, but you cannot rely on their legal validity, nor on their ability for personalization. The surest way to enshrine your intentions is by working with a lawyer. Without a legally compliant will, you run the risk of having your possessions divided up by the state of Texas and potentially causing hurt feelings within your family.

What Should My Estate Plan Include?

There are a variety of tools that you can employ to create an effective estate plan. A few of the more common options that Elder Law, P.A. can help you establish include:

  • Simple will: Also known as a last will and testament, this will is a key feature of the estate plan and allows you to divide your assets for your chosen beneficiaries, appoint an executor for your estate, and account for potential guardianship of your dependent children.
  • Living will: This will allows you to make healthcare decisions in the event that they are ever needed. You can decide on essentials such as whether you would want a DNR, whether you would want to be kept alive with a feeding tube, what types of medications have your approval, and whether you want to donate your body or organs.
  • Healthcare proxy: Also known as power of attorney, your healthcare proxy is a person who has the ability to make healthcare decisions on your behalf. 
  • Trusts: There are several types of trusts designed for different needs, but in general they allow you to transfer assets into the trust itself to be designated for beneficiaries. Trusts allow your assets to bypass probate so that they can reach your loved one quickly and without legal hassle.
  • Medicaid planning: Medicaid planning arranges your assets so that you can qualify for the government-funded healthcare program known as Medicaid (which is income-restricted). Medicaid is the most effective method for financing your future long-term nursing home care without depleting the wealth you want to leave behind for your family.

And more! Speak with our Palm Beach Gardens estate planning attorney in order to understand more about the options available to you. 

Trust Our Palm Beach Gardens Estate Planning Attorney With The Details Of Your Estate Plan

At Elder Law, P.A., we have the knowledge and the skill to help you with even the finest details of your estate plan. Whether you have questions about healthcare, asset division, or tax preparation, our Florida firm is perfectly positioned to assist you with all of your estate planning needs. Reach out to schedule a free consultation and we can review your goals!

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Palm Beach Gardens, FL Practice Areas

Natalie was amazing handling my dads medicaid application process, easy to communicate and we found the process very straight forward with their guidance. We would highly recommend their services to everyone who is in need of elder law, with our family all working full time and busy lives they gave us a peace of mind knowing they were working on getting things done.

Giovana H.

Ryan really cares about his clients, and it shows in the way that he advises them. He is extremely knowledgeable about elder law, and explains the rules in a clear manner. The issues can be difficult on family members to discuss, and he handles the material in a compassionate manner.

Joseph M.

Elder Law, P.A.

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