Does the term ” Florida Estate Planning” evoke thoughts of the very rich standing by their Bentleys in front of their massive estates? Maybe the term should simply be Planning, because no matter who you are or how much you own, Everyone needs “Estate” Planning
Everyone has a Florida Estate, no matter how large or small. One’s estate is simply the possessions or property you have acquired, inherited, and worked for during your life. There are generally three types of property that comprise one’s estate, these are:
Real Property – Your home, land, houses or other structures on land;
Tangible Personal Property – Property other than real estate that has a value due to its physical existence, such as motor vehicles, boats, furniture, antiques . . . and;
Intangible Personal Property – Property that you cannot touch, but that has a value due to the legal rights you hold. Examples include stock certificates, promissory notes, copyrights, patents and other “intellectual” property.
Everyone has an estate, but most people have not planned what happens to their estate in the future. Estate planning is the process where you decide and put in writing what you want to happen to your estate in the future, and to whom you want your estate to pass once you have passed. Estate planning is easy, contact a Jacksonville Beach Estate Planning Attorney to schedule a consult and discuss the ways you can “Estate Plan”. Whether you prepare a Will, establish a Trust, or have other legal documents prepared, estate planning puts in writing how you want your real, tangible and intangible property distributed upon your death.