If you want to ensure that your money and other possessions are passed along to your children in the manner you desire, you might think that all you need to do is write a will and then you are done. However, there are better ways to do it. Most legal experts state that hiring an attorney for estate planning in Boca Raton, FL is the way to go. There are many reasons why this is so.
Protects Beneficiaries
When you have varied assets, such as stocks or other financial investments, it can be difficult to set up which ones are passed along to specific people. Different types of situations must be accounted for and prepared for. An experienced estate attorney can help you plot out what happens with all of your holdings after you pass.
Protection of Minor Children
If you suddenly pass away while having minor children, you need to have a plan in place for who their guardian will be until they turn 18. While this is never a happy thing to take into account, it still must be done. A lawyer will be able to draw up all of the necessary paperwork for you.
Tax Shelters
When you pass money along to your heirs, you want to protect it from the IRS. If not planned properly, this government agency could end up taking a significant portion of what you had planned to go to your loved ones. An attorney who specializes in estate planning in Boca Raton, FL will be able to legally set up tax shelters for you.
Please contact Loughlin Law, P.A. for more information.
