ESTATE PLANNING IN LAKELAND, FL
ESTATE PLANNING FOR YOUNG FAMILIES
Situated between Tampa and Orlando, Lakeland is a vibrant community with easy access to some of Florida’s best attractions. Lakeland and Central Florida are fantastic places to start a family, and more and more people are proud to call it home every year.
If you are just starting to build your family, you need to have the best legal advice and assistance by your side. Unfortunately, unexpected and tragic situations occur every day—which is why a comprehensive estate plan is essential to protecting your new family, as well as your wealth and assets, after your death.
Medina Law Group, P.A. is here to ensure that all your estate planning needs — from complex to simple — are meticulously and diligently handled to protect your legacy after your death. With a thorough and disciplined approach, we provide comprehensive estate planning solutions utilizing advanced planning strategies and legal instruments. Some of the many areas you can seek advice or help on include:
Last Will & Testament
Wills are essential legal documents and the cornerstone of effective estate planning. They are legal declarations in which you, the testator, name one or more people to administer your estates. Wills also specify how your assets will be distributed at death.
We provide simple, complex, and out-of-state wills, which means that choosing Medina Law Group, P.A. to assist you with your wills will ensure that you and your new family receive the outcomes your desire, no matter your situation.
A trust is a fiduciary relationship in which one party, the trustor, authorizes another party, the trustee, to hold title to property or assets for the benefit of a third party, the beneficiary. Trusts are created to offer legal protection for the trustor’s assets, ensuring that those assets are transferred according to the trustor’s wishes, to save time, to decrease court fees and paperworks, to reduce inheritance or estate taxes, and, in some situations, to avoid probate.
Our team at Medina Law Group, P.A. assists our clients in the establishment of a trust tailored to their unique circumstances and financial goals, such as asset protection, minimizing tax liability, probate avoidance, creditor protection, business succession, and Medicaid eligibility.
Health Care Directives
Advance directives are legal documents that detail your decisions about end-of-life care ahead of time. They allow you to express your wishes for end-of-life care to your family and medical professionals, avoiding confusion and protecting you later on.
A living will describes which treatments you want if you are dying or permanently unconscious, allowing you to accept or refuse medical care. These also typically include instructions on the use of ventilators, artificial nutrition (tube feeding) or hydration (IV fluids), if you want to be resuscitated if your heart or breathing stops, organ donation, and the use of breathing machines.
A durable power of attorney is a legal document that names your health care proxy, a party you trust to make health decisions for you if you are unable to do so.
These kinds of documents help to avoid family pressure at a difficult time and to prevent the need for court intervention to make personal family decisions. Unfortunately, unexpected end-of-life situations can happen at any age, so it’s vital for all adults to prepare these documents.
Probate is a legal process by which a Florida court re-titles the property of a deceased individual to his or her beneficiaries or heirs. This process is necessary when, for example, a deceased individual owns a bank account or other assets solely in their name with no beneficiary listed in their estate plan. The probate process allows the personal representative (the person named by the court to act on behalf of the deceased individual’s property) to gather all the assets, handle all creditors, distribute all of that person’s property, and more.
Probate is a very important process that is often feared due to lack of information. However, our team at Media Law Group, P.A. has the experience — as well as the compassion — to be able to help and guide you through Florida’s probate laws and can assist you in efficiently administering the estate of a family member or loved one.
Medina Law Group, P.A. specializes in providing comprehensive estate planning legal services to clients in Lakeland, FL and throughout Polk County and Central Florida. If you or your family have questions about estate planning, we encourage you to contact our office and discuss your options today.
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OUR ESTATE PLANNING LEGAL SERVICES IN LAKELAND, FL
Last Will & Testament
A will is a legal document that directs the distribution of your assets after your death to your designated heirs and beneficiaries. It is the building block of an effective estate plan for all individuals.
Trusts are legal arrangements that provide for the transfer of assets from their owner (trustor) to a trustee. For some, the creation of a trust is a crucial part of a complete and effective estate plan.
Probate is the legal procedure your estate goes through after you pass. A court will assess all your assets, authenticate your will (if you have one), and distribute your estate to the proper heirs.
Asset Protection Planning
You’ve worked hard for your property—be sure to protect it. Asset protection planning helps keep your property and wealth safe from being taken by someone who wins a lawsuit against you.
Advance directives are written, legal instructions regarding your preferences for end-of-life care and naming a health care proxy. They are an essential part of a complete estate plan.
Gun trusts, also known as firearms trusts, NFA trusts, Class 3 trusts, or firearms revocable trusts, are an excellent way to legally purchase and own a Title II firearm and/or regular firearms in Florida.
Your better legacy depends upon the accuracy and completeness of your estate plan
Contact us today to talk to a Florida Bar board certified specialist who has the expertise to help you plan your estate.