Basic Estate Plan for Melbourne, Florida
A basic estate plan in Florida, through Rhoden Law Group, typically includes the following documents:
- Last Will and Testament: This document specifies how a person’s assets will be distributed after their death, who will be appointed as the executor of their estate, and who will be named as guardians for minor children if applicable.
- Durable Power of Attorney: This document designates a person to act as an agent on behalf of the individual who creates the document, in the event that the individual becomes incapacitated and is unable to make financial or legal decisions for themselves.
- Healthcare Surrogate Designation: This document designates a person to make medical decisions on behalf of the individual who creates the document, in the event that the individual becomes incapacitated and is unable to make medical decisions for themselves.
- HIPPA Waiver: Allows you to designate persons to access your private health care records.
- Living Will: This document specifies the individual’s wishes regarding life-sustaining treatment in the event that they are in a terminal condition, end-stage condition, or persistent vegetative state.6. Pre Need Guardian Designation: this document allows you to designate who should be the guardian of your person and the guardian of your property or finances should a guardian ever become necessary. Those with minor children should have one for each parent and one for each child.
Some may wish to set up a trust:
- Revocable Living Trust: This document allows an individual to transfer their assets to a trust during their lifetime, which will then be managed by a designated trustee. This can provide flexibility and additional control over how assets are distributed, and can also help avoid the need for probate.
It’s important to note that estate planning can be a complex process and the specific documents and strategies needed will depend on an individual’s unique circumstances and goals. Consulting with an experienced estate planning attorney in Florida can help ensure that an individual’s wishes are properly documented and legally binding.
Contact the experienced attorneys at Rhoden Law Group. Call for a complementary consultation 321-549-3162, texts also excepted.