I help guide you through securing your legacy and protecting your assets. At The Andersen Firm, we provide top-tier estate planning services just for you.1
Our services address all estate planning needs, from initial creation to easy updating. You might want to lower tax burdens, ensure your wealth goes to family, or safeguard assets. Our experts are here to make sure your goals are met.2
The Andersen Firm has offices in four U.S. locations. We give personal care to each client. Our work doesn’t stop when the documents are signed; we keep your plans current to meet your changing needs.1
Key Takeaways
- Comprehensive estate planning solutions to protect your assets and legacy
- Expertise in minimizing taxes and avoiding probate
- Tailored strategies for blended families and individuals with special needs
- Ongoing support and plan management for lasting peace of mind
- Positive client reviews and referrals from financial advisors
Visualize Your Estate Planning Journey
Estate planning can feel overwhelming, but our tools make it easy to understand your path. Our visual flowcharts are designed to walk you through each step. This ensures your journey is clear and smooth.3
Visual Flowcharts for Every Plan
Our flowcharts break down the estate planning process visually. They help you see how the different parts connect. You’ll move from making a plan to keeping it updated. These tools show you the way to a tidy and effective asset ownership plan.3
Probatable vs. Non-Probatable Asset Breakdowns
Knowing what assets are probatable or not is key for your plan. Our breakdowns clarify which assets need probate and which can go directly to heirs. This makes sharing your wealth smoothly.34
Ownership Balance Sheet Comparisons
Our Ownership Balance Sheet lets you compare your assets clearly. It helps with making smart choices for your estate planning. With it, you ensure your plans happen as you want.34
Understand the Impact of Estate Taxes
Starting your estate planning means knowing how estate taxes can affect your wealth. They are a key part of safeguarding your family’s future. Learning about and using methods can lower the taxes on your assets. This ensures your wealth goes where you want it to go.
Living in Florida has its perks because it doesn’t have a state estate tax. This exemption keeps state-level estate taxes off the table for residents and property owners. Yet, the federal government’s estate tax could still apply to bigger estates.5 In current laws, the federal estate tax exemption is $12.9 million per person ($25.8 million for couples) from January 1, 2023. Any value above this can be taxed up to 40%.6
In estate planning, portability lets a widowed person use their late spouse’s exemption. This way, married couples can protect more of their wealth. Moreover, Florida’s homestead exemption helps cut down on property taxes for homeowners. It excludes a part of the home’s value from these taxes.6
Figuring out the worth of estate assets involves looking at many details. This can include homes, investments, and personal items. In estate planning, it’s key to remember things like furniture, jewelry, cars, and rare items. They make sure your assets go where you want them to.
It’s wise to work with estate planning lawyers because estate tax laws are very intricate. They can help you match your estate plan with what you want to achieve. In Florida, they can guide you through the state’s rules. There are several ways to lower your estate tax bill, like the unlimited marital deduction for couples and tax breaks for giving to charity.
Create Comprehensive Estate Plans
Creating a full estate plan is key to keep your belongings safe, your wants respected, and your family looked after. Our team provides important legal documents designed just for you. These are Revocable Trusts, Pourover Wills, Last Wills and Testaments, Financial Powers of Attorney, Advance Health Care Directives, and Guardianship Nominations.7
Revocable Trust & Pourover Will
A Revocable Trust lets you control your things while alive. It ensures your assets go to your chosen ones easily after you pass. With a Pourover Will, probate time and costs can be lowered, making things easier for your family.8
Last Will & Testament
Your Last Will and Testament lays out who gets your assets and handles your estate. It makes sure your wishes are followed and guides your family during tough times.7
Financial Power of Attorney
This legal paper picks someone to handle your finances if you’re unable. It cares for your assets and bills if you can’t do it yourself.7
Advance Health Care Directive
With an Advance Health Care Directive, you choose your medical care and name a person to decide for you if needed. This helps make your wishes clear and eases hard choices for your loved ones.8
Guardianship Nominations
Guardianship Nominations name who should look after your kids or grown dependents if you can’t. It adds stability for your family during tough moments.7
Working with us on your estate plan means your assets are safe, your wishes are guaranteed, and your family is supported. Call us now to start protecting your legacy.
Manage and Update Your Plans Effortlessly
Keeping your estate plans up to date is key. This ensures your wishes are followed and your family is looked after. Use our digital vault to store important papers. It brings peace of mind and makes access easy whenever needed.9
Secure Document Storage in Digital Vault
Keep your estate documents safe with our top-notch digital vault. It lets you update all your plans so your wishes are clear and easy to find. This is crucial for your loved ones and executors.9
Share Plans Securely with Trusted Collaborators
Share your estate plans with your legal, tax, and financial advisors securely. It’s easy on our platform, where you control who sees what. This helps smooth discussions and big decisions.9
Update Plans Anytime with Emergency Access
Life’s changes mean your estate plan should change too. Use our feature for updating your plans. This makes sure your info is always current for those who need it most.9
Our tools make it simple to keep your legacy safe and up to date. They help you respond to changes effectively. This way, your family gets the security and consistency they need.10
Tap into Guidance Resources
Exploring estate planning guidance can feel daunting. But, we’re here to make it easier. Our team blends digital tools with personal advice for your needs. We aim to empower you, making sure your plans fit your life goals.
Digital and Human Guidance on Plan Optimization
Our mix of digital platforms and expert advice is here for you. Use these to tweak your estate planning just right. You’ll get tips on managing assets, cutting down on taxes, and preserving wealth. Plus, our team gives advice that’s all about you, helping you understand legal twists and turns.
Whether it’s about tax breaks, safeguarding what you own, or making sure your wishes are met, we’re by your side. Our estate planning guidance aids you in choosing wisely and crafting a plan that’s all about you and your future.
Law for Estate Planning
Estate planning law can seem complicated, but don’t worry. We have a team of lawyers ready to help. They know all about estate planning to keep your money and things safe. They’ll give you the best advice.14
Our lawyers work with you, tax experts, and money advisors to make a plan just for you. This plan can include things like who will make choices for you if you’re sick and how to keep your money safe. Plus, we help you pay less tax by planning it carefully.14
Thinking about what happens after you pass away isn’t just for the rich. It’s for anyone with things they care about and people who depend on them. Make sure you pick a lawyer who knows a lot about estate law. Get ready for your meeting by bringing money info, insurance papers, and other important documents.
It also helps to talk with your family before you make your plan. Share what you want for your things, who will take care of your kids, and your health choices. This makes everything clearer for everyone.
At your meeting with a lawyer, ask questions about your money plan. This includes what happens with your things when you’re gone, how taxes work, and who gets what. You should also discuss when to update your plan and where to keep important documents.14
| Estate Planning Concept | Explanation |
|---|---|
| Probate | Probate deals with what happens to your things when you die.15 For your will to be legal, it has to go through probate. This can take a lot of time and money.15 |
| Estate Planning Documents | You need to list everyone’s full name in your paperwork.15 Make sure you clearly say who gets what, like your house or savings. This is important for your plan to work well.15 |
| Trusts | Trusts involve three main people: who gives the trust (settlor), who manages it (trustee), and who benefits from it (beneficiary).15 Using a trust can help you avoid some of the problems with probate. It starts working as soon as you set it up.15 |
| Power of Attorney | A power of attorney lets someone else make choices for you if you can’t.15 |
| Pour-Over Wills | Pour-over wills are for anything that’s not in your trust yet.15 |
| Estate Planning Services | Elder Needs Law offers estate planning help in Florida, from wills to trusts and more.15 They can help you plan ahead to make things easier later on.15 |
Setting up your estate plan in Florida can cost between $1,000 to $4,000. Using online services might be cheaper, between $50 to $250. For more help, like drafting a will and setting up a trust or power of attorney, it could cost $300 to $1,500. If your estate is more complex, with lots of trusts, it could cost $1,000 to $10,000 or more.16
When you die, your estate might owe taxes. This includes everything you own at the time. Life insurance money is also counted. But, giving things to your spouse when you die might lower the tax bill.16
Single parents need a clear plan for their kids and money. It’s also vital to have life insurance. For couples, it’s about deciding together how your things will be handled. This includes not just a will but also life insurance and power of attorney. Estate planning for families with step-children can be challenging but aims to avoid problems by clearly stating everyone’s share.16
The Team You Can Trust
At The Andersen Firm, we have a highly skilled team. They include estate planning attorneys and legal experts.17 We all work hard to protect your legacy. With our vast experience, we are committed to delivering superb service. We are the partners you can depend on to keep your assets and your family’s future safe.
Secure Your Legacy with Our Expertise
Our estate planning expertise covers many legal services. This includes making detailed plans and managing them well.18 We use our extensive knowledge of estate planning law. That way, we can develop plans that fit your needs. These solutions save your assets, lower taxes, and protect your legacy for many years.
We are here to help you with estate planning. We aim to help you reach your goals.19 Our team is dedicated to providing excellent service. We focus on you, making sure you feel secure. Your assets and your family’s future are safe with us.
Why Estate Planning Matters
Estate planning is crucial. It’s more than just getting ready for the future. It also helps keep control over your wealth. It ensures stability for you and your family. Plus, it avoids confusion and fights when times are tough.20
When you plan with us, your wishes are met. And your family is taken care of. This way, you can pay attention to what’s important.
Maintain Control Over Your Wealth
Everyone should have an estate plan. It doesn’t matter how old you are or your financial status.21 Without one, your family might deal with legal problems. They could argue over your things.21 With a clear plan, you choose who gets what. This makes sure your family is looked after just as you wanted.21 Also, good plans can cut down on taxes. They skip the probate process. So, you keep control of your money and how it’s handed down.21
Provide Stability for You and Your Family
Choosing guardians for kids is key. This is if both parents die before the children are 18. It stops the court from deciding.
Also, estate planning helps pass assets to heirs wisely. It lessens tax burdens. This can lower estate and inheritance taxes, and income taxes for heirs.20 By planning ahead, you ensure stability. It gives your family peace of mind.
Prevent Chaos and Family Disputes
Estate planning stops family fights over your assets. You set clear rules on who gets what. This avoids battles and legal woes.20
Your plan can be tailored to fit your family’s specific needs. It can cover health, schooling, and caregiving. It helps in distributing assets fairly.20 Planning early prevents disorder and family arguments. This lets your family focus on your memory.20
Estate planning is a lot more than a legal must-do. It’s about keeping your wealth in check. It offers family stability. And it saves your family from fights during hard times. By teaming up with us, you make sure your plans are followed. And your family is looked after, letting you concentrate on what matters most.
Conclusion
Want the best in estate planning solutions? The Andersen Firm has you covered. Our comprehensive approach, specific legal advice, and top-notch client service keep your family safe. Your legacy is assured with us.22 Living trusts make sure your assets are given out how you want, without public worries.23 A revocable living trust lets you handle your stuff while alive. It also keeps your final wishes private and clear after you’re gone.
Starting a solid estate plan makes tough times easier for loved ones.22 With The Andersen Firm, you can avoid family arguments and confusion later on. Everyone should have an estate plan, no matter their age or how much they have. This prevents the state from deciding what happens to your stuff in emergencies.
Ready to protect what matters most? Get in touch with us now. The team at The Andersen Firm is ready to help you navigate estate planning. We make sure your family and legacy are guarded well for the future.
FAQ
What are the key components of a comprehensive estate plan?
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Source Links
- https://www.theandersenfirm.com/
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- https://trustandwill.com/
- https://www.investopedia.com/articles/wealth-management/122915/4-reasons-estate-planning-so-important.asp
- https://kinglawoffices.com/estate-planning/estate-planning/
- https://blog.massmutual.com/planning/what-is-estate-planning
- https://www.legalzoom.com/articles/the-complete-guide-to-estate-planning