Estate Planning

Orlando and Central Florida Experienced Estate Planning Law Firm Real Estate - Business Planning - Estate Planning - Securities

Whether you want to leave an inheritance for your children or grandchildren, protect your current assets, bestow a legacy gift, or control your fate if you are involved in an accident or are otherwise medically incapacitated, you should consult the business and estate planning experts at Pierce & Associates, P.L.

Protect Your Wealth and Your Family With Careful Estate Planning

Most parents work hard all their lives to give their children a better life. Often, they want their financial and sentimental assets to go to their children when they pass away. Even if you’re still young, it’s important to designate what goes to whom in the event of your death.

As Florida estate planning attorneys, it’s easy for us to see how just an ounce of prevention and planning saves families from significant problems down the road. For example:

  • Couple A
    Andy and Annie, a healthy fortysomething couple, visit an estate planning attorney in Orlando to talk about a will. Andy and Annie have four children and a nice house (with a mortgage, of course).

    Five years after they complete the estate planning process, Andy and Annie are involved in a fatal car crash. Because they wrote out a will, Andy and Annie’s wishes are carried out: all four children go live with their favorite aunt and uncle across town; Andy Jr. inherits the family car when he turns 16; proceeds from the sale of the house and life insurance settlement are used to cover funeral expenses and then distributed into a trust fund, so the children all receive an education. The girls inherit their mother’s jewelry, wedding dress, and photo albums, while the boys inherit their father’s watch, his acoustic guitar, and their grandfather’s WWII flag.

  • Couple B
    Between taking care of four kids and working hard to pay the mortgage, fortysomething couple Brian and Becky B know they should draw up a will, but it keeps getting put aside for soccer practices and play rehearsals.

    Because they never wrote a will, when Brian and Becky are involved in a tragic boating accident, their children are split into different homes in the Florida foster care system until a responsible relative is located to care for them. The house and the car go back to the bank. The children don’t inherit sentimental possessions from their father and mother because two of Becky’s sisters clean house after the accident, taking Becky’s jewelry and photo albums for themselves, and they sell Brian’s valuables to pay for the funeral.

If you have accumulated anything that is precious or valuable to you, including funds, a house, a business, sentimental items, heirlooms, cars, antiques, holdings, investments, and other resources, you must officially specify your wishes for those items if you want to spare your family serious heartache in the event of your death.

Estate planning not only protects your loved ones, it also protects your possessions from being distributed according to government probate laws.

If you have children, you must specify who will take care of them if something happens to you. Don’t be intimidated by the small investment of time and money it takes to plan your estate. It’s always worth it.

At Pierce & Associates, P.L., we will assess your needs and walk you through a plan to distribute your property in a way that limits tax liability and exposure to lawsuits and creditor actions. We have many business and estate planning techniques and tools, so we will craft a custom, comprehensive plan that protects your family in the event of a tragedy.

Your estate plan can include the following:

  • Wills and trusts
    This includes charitable trusts, special needs trusts and other revocable or irrevocable trusts. Not sure which one you need? Call us at 407-982-7228.

  • Living wills
  • These are directions to healthcare providers in the event you are incapacitated, including DNRs and other official directives.
  • Health care and financial power of attorney documents
  • Creation of one or more closely held businesses
    Protect your business assets and your partnership in your company.
  • Business succession planning
    Ensure the survival of your family business.
  • Asset protection plans
    These plans protect your possessions from litigation and creditors.
  • Philanthropy and legacy gifts
  • Includes grants, endowments, and scholarships.
  • Medicaid planning
  • Tax planning

Probate Administration and Probate Litigation in the State of Florida
Pierce & Associates, P.L., also offers legal services to guide an estate through the probate process or to represent any interested party in probate litigation.

To discuss how we can craft a comprehensive estate plan to meet your specific goals, please schedule a consultation with estate planning lawyer John G. Pierce by calling us at 407-982-7228 or by filling out our online intake form. We can help you create a plan or update an existing estate plan that ensures your assets are properly handled in the event of illness or death.