Have you ever thought about how less complicated life would be with a solid estate plan? When an estate planning lawyer legalizes an estate plan, it helps you avoid probate, creates less chaos for your family, ensures that your legacy carries on how you want it, and so much more. Estate planning comes with many nuances because each client has different needs, goals, wishes, and ways they’d like to prepare for the future. When you hire Millman Law Group, you can rest assured that you’ll have a well-thought-out estate plan. In the meantime, these considerations will ensure that you have an excellent estate plan.
Assess Your Net Worth
Celebrities aren’t the only ones who have a net worth. Every person has a net worth based on the value of all their assets, including their bank and investment accounts, their jewelry, boats, and cars, their retirement plans such as 401ks and IRAs, business interests, and real estate. Once you determine the total of all this, you subtract out your liabilities or debts. When you figure out your net worth, it helps you save better, identifying areas where you spend too much money, aren’t saving enough, or aren’t investing enough. However, it also enables you to assess if you may be liable for federal estate taxes.
Consider Your Financial and Family Needs for an Estate Plan
Each estate will have unique financial and family needs. For example, if you own one or more businesses, you’ll want to ensure that someone you trust takes care of your businesses if you become incapacitated. You’ll also have to consider other factors, such as guardianship if you have minor children or how to plan out your estate if you have a home in two different states.
Find and Hire an Equipped Estate Planning Lawyer
Millman Law Group is a law firm that’s more than equipped to help you prepare for the future and help you make sense of distributing your assets and taking care of financial matters. Whether you want to give your children a chance at having a life where they have financial freedom, ensure that your elderly parents have the care they need, or figure out how to reduce the taxes on your estate plan, we have you covered. We’ll listen to all of your concerns and then advise you in a way that has your best interest at heart.
Since estate planning is so intricate, you will need a professional. You deserve the tranquility that comes with knowing that our professionals won’t leave any t’s uncrossed or i’s undotted. While creating a DIY estate plan may sound tempting because you’ll save money, remember that you pay for the quality you end up receiving.
An Estate Plan Made Easy With Millman Law Group
Millman Law Group, PLLC is rare because it’s one of the only law firms that offer life planning in South Florida. From life care planning to the preparation of detailed estate plans, Millman Law Group has committed to serving Floridian elderly communities in Boca Raton, Palm Beach County, Ocean Ridge, Hillsboro Beach, and many other areas since 2018. Our dedicated team also specializes in special needs trusts and catering to any age demographic because we know for certain it’s never too early to start preparing you and your family for your future. For the latest news in estate planning and elder care law, follow us on Facebook, Twitter, Linked In, and Pinterest. You can also contact us at 561-463-6480.