Estate Planning for Families with Young Children
After the initial joy of learning you are about to be a parent, the worry begins. Parents spend much of their time keeping their kids safe and trying to protect them from dangers. It starts with choosing the right car seat and covering electrical outlets, but then it changes to teaching your child to drive and monitoring your child’s internet activities.
Parents want to make sure they will always be there for their children and estate planning for families with young children usually involves creating legal documents to protect your child if something tragic happens. For families with young children, a last will and testament names a guardian, the person who will have custody of your minor child, and the person who will manage the minor child’s assets.
Having a last will and testament and other advanced directives, like a power of attorney or designation of health care surrogate, can protect a family in the event of the death or disability of a parent.
Estate Planning for Individuals
If the children are now all out of the house... or maybe you are now enjoying an active, independent lifestyle... you may be concerned about what happens in the event of your death or disability.
Regardless of how much you have in the bank, we all own things that are important to us. Having a last will and testament is one estate planning tool that will ensure your wishes are honored. Having other advanced directives as part of your estate plan is also invaluable. A power of attorney and designation of health care surrogate are documents that allow you to name a person to make financial, legal and medical decisions on your behalf. Both these documents provide peace of mind in the event of a disability or medical emergency.
Probate administration refers to the court proceeding that is necessary to transfer a decedent's assets after their death. A probate administration may be necessary when a person dies owning an asset, like a bank account or real estate, that is titled in their name alone.
Sieg & Cole, P.A. is experienced in handling all types of probate administrations and can file a probate case is any county in the State of Florida. If you are in need of assistance with a probate administration, call the office to make an appointment for more information.
After executing their wills or other estate planning documents, many clients find themselves in need of help with other civil issues. In those cases, Sieg & Cole, P.A. can provide friendly, affordable and professional advice. The office can also assist you with providing you a referral to other professionals who may be able to resolve your legal problem.
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Sieg & Cole primarily serves clients throughout Pasco, Pinellas and Hillsborough Counties in Florida. For matters outside of these geographic areas, please contact us via Contact Form and we will reply to you directly.