• 727-600-5858
  • dina@alg-legal.com
Arvanitakis Law GroupArvanitakis Law GroupArvanitakis Law GroupArvanitakis Law Group
  • HOME
  • ATTORNEYS
  • ATTORNEY SERVICES
    • REAL ESTATE LAW
    • FORECLOSURE DEFENSE
    • PROBATE & ESTATE PLANNING
    • ELDER LAW
  • HELPFUL ARTICLES
  • LOCATIONS
    • Clearwater Attorney
    • Palm Harbor Attorney
    • Largo Attorney
  • CONTACT
Protect Yourself When Facing a Foreclosure
August 10, 2020
6 Tips to Prevent Foreclosures
September 14, 2020

When is The Right Time to Start Estate Planning?

August 24, 2020
Categories
  • Arvanitakis Law Group
  • Estate Planning
Tags
estate planning

Asian aged couple meeting with real estate agent

Many people procrastinate creating an estate plan. Whether they think they “aren’t in a place in their life where it would matter” or they “have time”, people often avoid estate planning as long as possible. Estate planning reminds us of our mortality and although that may sound morbid, the fact of the matter is that it is inevitable. What a lot of people don’t realize is that the process of estate planning includes more than simply creating a will. Your estate plan can include things like what your wishes on medical treatment are in case you are incapacitated. An estate plan is put in place to protect and properly distribute your assets – during and after your life.

Why Start Planning Early?

The old saying “prepare for the worst, hope for the best” rings true in this case. The bottom line is: we don’t know when we are going to die. Ideally, we would all like to die peacefully in our sleep, after a long life full of exciting experiences and love. Unfortunately, this is not always the case. Since we can’t do any estate planning after we pass, estate planning must be completed while we are still alive and have a capable mental capacity. Financially, an estate plan can save you money on your estate taxes and can detail how to distribute those assets following your passing. These assets can include your business, home, life insurance, stocks, or property. Additionally, included in your estate plan are documents like a will, trusts, and who will have power of attorney.

Financial Planning

When most people think of an estate plan, this is what comes to mind. Trusts can be set up for children and other beneficiaries. Clear, outlined plans of what happens to your financial assets following your passing can make it easier for those who are grieving. If you are incapacitated, trusted power of attorney can make financial decisions for you. However, this person must be appointed before you are incapacitated.

Power of Attorney Planning

Appointing a power of attorney is an essential step in estate planning and often one of the hardest decisions. This document grants a very trusted individual in your life power over your legal and financial decisions. This document can be as specific or general as you choose. In the case you are unable to make these decisions for yourself, the chosen power of attorney the power to.

Healthcare Planning

While this isn’t always associated with the idea of estate planning, healthcare planning is important in estate planning. This can include what you would and would not allow in the case of life-saving medical procedures. This can give your family and medical professionals guidance in case you are unable to communicate these wishes. Commonly known as a “living will”, an advance directive can lift the responsibilities of difficult decisions from your loved ones.

Speak to an Expert Today!

It is important to remember that proper estate planning can be beneficial to you while you are still alive and it can make the world of a difference after your passing. At Arvanitakis Law Group, we are here to help answer difficult questions and make sure you don’t forget any details. Speaking with an expert on the subject can ease a lot of the stress and taboo around estate planning.

For more information call 727-600-5858 or contact us today.

Share
0

Related posts

probate

probate

July 20, 2020

Important Steps to Take Before Hiring a Probate Attorney


Read more

financial trends

June 22, 2020

How Financial Trends Can Affect Estate Planning


Read more

eviction

May 25, 2020

You’ve Been Evicted: What Happens Next?


Read more

Categories

  • Arvanitakis Law Group
  • Estate Planning
  • Foreclosure
  • Probate
  • Real Estate Law
  • Uncategorized

Archives

  • September 2020
  • August 2020
  • July 2020
  • June 2020
  • May 2020
  • April 2020
  • March 2020
  • February 2020
  • January 2020

General Disclaimer

The information provided on this website is for informational purposes only and does not constitute legal advice. Before acting on any of the materials presented on this website, we advise you to seek legal counsel regarding your own unique situation. Using this website does not create an attorney-client relationship between the user and Arvanitakis Law Group, LLC. Arvanitakis Law Group, LLC specifically disclaims any responsibility for positions taken by users in their individual cases or for any misunderstanding on the part of users of this website or any linked websites. Arvanitakis Law Group, LLC does not endorse, approve or support any third party content that may be accessed through hyperlinks on this website.

The hiring of a lawyer is an important decision that should not be based solely upon advertisements. Before you decide, ask us to send you free written information about our qualifications and experience.

Legal Relationship Disclaimer

We do not have a Client/Attorney relationship until your case is discussed with Attorney Arvanitakis, a retainer fee payment is accepted, and it is explicitly agreed by both parties who enter into a written specific representation Agreement. Please note that any e-mail inquiries made to Arvanitakis Law Group, LLC are not protected attorney-client communications. You do not receive the benefit of the attorney-client privilege, or of confidentiality because you are sending an email to a law firm. That privilege and confidentiality will only attach when prospective client and attorney enter into a written specific representation Agreement.

The hiring of a lawyer is an important decision that should not be based solely upon advertisements. Before you decide, ask us to send you free written information about our qualifications and experience.

Arvanitakis Law Group. All Rights Reserved.
Website & Marketing by Hooked Marketing

Dina Arvanitakis Florida Bar Board Certified Dina Arvanitakis Clearwater Bar Association