An estate planning attorney in Ormond Beach can help people avoid probate, unnecessary taxes, and disputes. These legal professionals understand the local, state, and federal laws that affect personal property, businesses, real estate holdings, and family.
Wills and Trusts
A will is a legal document that spells out what should happen to an individual’s assets once they die. When an estate planning attorney in Ormond Beach puts the paperwork together, the person will know that all the legal requirements have been met. By taking this route, people can ensure their wishes are carried out. Inside this document, you will clearly define your beneficiaries, and in the event, you become incapacitated, a lawyer can prearrange your care through a power of attorney. This person can step in and take care of your affairs. A trust often goes hand in hand with a will.
Taxes
When preparing for the future, taxes should always be considered. An estate lawyer can help families understand their tax responsibilities and reduce them whenever possible. Taxes are a complicated subject, and if a family has to add in probate, the situation can last for months and years, so it is a good idea to seek legal advice when handling real property, valuable assets, or a business.
Disputes
If a dispute arises after death, a properly prepared will and trust can quickly settle the matter. The courts will look at these legal documents and use them to dissolve any family or business disputes. For more details on how an estate planning attorney in Ormond Beach can help you, contact the Kistemaker Business Law Group, LLC at https://daytonabusinesslawyers.com.
