Category: Estate Planning

One of the best reasons to secure business trust attorneys in Coral Springs is probably for reasons you don’t even know about yet. Planning ahead for the unexpected is so valuable for businesses and could ultimately save your company a lot of time and money down the line.

The business trust attorneys at Reinfeld & Cabrera, P.A., in Coral Springs, recognize the value in planning ahead. Everyone wants their business to be as successful as possible, and making sure you have planned ahead for the future will help you achieve that success, as well as make sure you are prepared to pass along your business or family wealth in the future.

An important part of the estate planning process that the business trust attorneys in Coral Springs perform is setting up business trusts. This will help to avoid future probate and trust litigation. You want to know that your business interests are covered for any future possibility. Our experienced attorneys will help make sure you have planned accordingly.

Setting up a trust allows you to put conditions on the distributions of your assets, as well as the timing of the distribution, after you pass away. It also allows for the distribution of your assets to go to your heirs without the necessity of probate court, saving your heirs costs, as well as time. Business trust attorneys in Coral Springs know to use a trust as an instrument to transfer assets, without the creator of the trust having to give up all control.

A business trust can also direct the operation of a business in case something happens to you, the original trustee, if you become incapacitated.

A business trust attorney can set up the trust in ways that allow an heir to have power to control assets once they reach a certain age, with a trustee delegated before the heir reaches the specific age. A revocable trust allows the creator of the trust to end the legal document at any time, while an irrevocable trust ends only at a set time, such as when the beneficiary dies.

The business trust attorneys in Coral Springs will also tell you that a business trust gives your family, or your heirs, more privacy upon your death, than if your assets and wishes were only laid out in a will. A will is a matter of public record and would detail a list of assets for the court, whereas a business trust is not a matter of public record.

To hear all about what estate planning you should consider for your business, please consult with the business trust attorneys at Reinfeld & Cabrera, P.A. in Coral Springs. We will help you prepare for the future and make sure you have covered all your bases.

While you can probably go to a book store and purchase your forms to create a will yourself, it is best to hire wills and trusts attorneys in Coral Springs to perform the proper execution of a will. Estate planning can be a complicated matter and if you want to make sure that your estate is taken care of exactly how you wish, then it is best to let professionals create your will.

A legal will is created to help you direct the distribution of your assets after you die, whether that means your business, property, cars or items that you own. Florida law requires that you pay off all of your outstanding debts through the probate process after you die. Following this procedure, wills and trusts attorneys in Corals Springs will be able to designate leaving your remaining assets to anyone you choose.

A wills and trusts attorney in Coral Springs can help you create the legal document that names a personal representative for your estate. If you do not name such a person, the court will appoint one for you, so it is always best to choose a trusted person for the job. We can also help you legally name a guardian for any minor children and make any gifts you wish to make upon your death, such as to a charity.

You especially will want to consult with a wills and trusts attorney from Reinfeld & Cabrera, P.A. in Coral Springs if you feel that your will might be contested following your death. Also, it is valuable to have a trusted wills and trusts attorney whenever you need to make any changes or revoke a will.

Consulting with a wills and trusts attorney in our Coral Springs office will help you make important decisions about the probate process and where the tax burdens associated with your assets will lie, following your death. Don’t try to do this complicated legal document on your own. Have a professional help you with the proper execution of a will and you can rest assured that your wishes will be carried out as you have planned.

There are many reasons to hire probate attorneys in Coral Springs while planning for your estate. But one of the best reasons to hire these experienced attorneys is to help your future heirs avoid having to pay tax on their inheritance and also be forced to pay to hire a probate attorney to handle the matter. The best way to handle Florida’s complex probate laws is to have experienced attorneys handling your affairs.

In addition to being expensive, the probate process can also be very time consuming for your heirs, not to mention convoluted and confusing. Probate attorneys at Reinfeld and Cabrera, P.A. in Coral Springs, will help you and your family avoid the probate process by putting the necessary planning in place for your estate.

Probate attorneys in Coral Springs, and throughout the state, will tell you one way to avoid probate for an asset is to create a living trust, which names someone as a trustee upon your death. After you pass away, the assets named in the living trust will be controlled by the terms of the trust, with the assets being transferred to the trustee and avoiding the probate process.

Another way for your assets to avoid the public probate process is when you jointly own rights of survivorship the asset with another surviving person. The probate attorneys in Coral Springs will tell you that when an asset is jointly owned with rights of survivorship and one of the owners passes away, the asset is automatically owned by the surviving owner. There will be no probate proceedings in this case, either.

There are other ways that your estate plans can help you and your family avoid the probate process after you pass away. Probate attorneys at Reinfeld & Cabrera, P.A. in Coral Springs are experienced probate attorneys who will look at your specific situation and help you plan accordingly. You will be able to rest assured that your estate will one day benefit your family, as opposed to putting them through the probate process and the stress that can come with that.

The estate planning attorneys in Tamarac want you to know that it is never too early to think about planning your estate. While the attorneys at Reinfeld & Cabrera, P.A., understand that many people think they don’t have enough assets to worry about estate planning, we want you to know that everyone should have legal documents in place following your death.

These documents, as prepared by estate planning attorneys in Tamarac, will legally dispense the assets of your estate upon your death, whether that means deciding who will have your business, your home, your car, or can even raise your children. In addition to dispensing your assets according to your wishes, proper estate planning will also help significantly reduce the taxes that need to be paid, following your death, allowing those you love to get a larger inheritance than if you hadn’t made the proper arrangements.

If you have children, in addition to worrying about dispensing your assets once you have passed away and trying to save your loved ones money by avoiding or preparing for probate, you will also need to legally name a guardian for any children who are still minors. This is often a difficult decision for parents and your estate planning attorneys in Tamarac will help you once you have decided who will care for your children, should anything happen to you.

Regardless of the complexity of your estate, or the amount of your wealth, the estate planning attorneys in Tamarac will walk you through the necessary planning needed to take care of your specific situation. Without having planned properly, your estate and any issues related to settling your estate, will be decided by state law and the court system. This could result in decisions that are not what you wanted or intended, but without the legal documents in place to protect your estate, the decisions will be left up to a judge.

Don’t let this happen to your family and your estate. Plan properly today and prepare for the future. Let the estate planning attorneys in Tamarac help you.

When making sure your estate planning is in order and preparing your estate for the probate process, it is important to consider both summary administration and formal administration.

Probate proceedings are the way in which your estate is processed through the legal system after you have died. There are generally two parts of the probate process – one part is the paying off debts and the second part is the transferring of your assets to beneficiaries. Depending on these specifics of your estate, you will enter into either summary probate administration or formal probate administration.

Summary administration, in the probate process, refers to when the assets of a person’s estate are less than $75,000, excluding property, and all creditors have already been paid. A judge usually determines if the will left by the deceased is valid. If it is deemed valid, the estate is administered as to the deceased’s wishes. The summary administration probate proceedings generally take between four to six weeks.

Formal administration, in the probate process, refers to the process when you have creditors and they are given a period of time where they can file their claims, noting the debts you have left behind. During the formal administration, these debts will be paid and then the balance of the money will go to the beneficiaries of the estate. This formal probate administration process usually takes between four to six months.

Certain properties, such as cars and homesteaded residences are exempt from the probate process and may also require special proceedings to transfer them.

The attorneys at Reinfeld & Cabrera, P.A. will help you plan your estate and prepare for the probate process, whether your estate would enter into summary administration proceedings or formal administration proceedings. We will provide you with a personalized approach to the probate process, offering expert counseling and guidance along the way while preparing your estate, and to your family while going through the probate process.

When you are looking for the best business trust attorneys to create a trust for your company, look no further than Reinfeld & Cabrera’s Coral Springs office. We have the experience and knowledge to draft the right type of trust for your specific situation that will leave your business covered for the future.

We provide a personalized and comprehensive approach to business trust creation and administration, helping to establish the financial structure of your property before the probate process. Business owners will benefit from the counsel of our business trust attorneys in Coral Springs, and it will give peace of mind to know that the company you have grown and built, will be properly taken care of after your death.

A business trust involves preparations that see a settlor (the creator of the business trust) name a trustee, or multiple trustees, to manage the business assets on behalf of a beneficiary. The business trust attorneys in Coral Springs will walk you through the business trust process, explaining the benefits of creating this arrangement for your company.

After the creator of the trust has died, the assets of the trust will go directly to the named beneficiaries, avoiding the probate process. These funds from the trust are also exempt from estate taxes, making the establishment of a business trust an important part of many people’s estate planning. Business trusts also protect if the owner becomes incapacitated and needs someone to run their business and preserve the company while they are incapacitated.

Don’t leave your business unprotected. Plan for the future with the help of business trust attorneys in Coral Springs. We will help you set up a business trust that will see all of your hard work protected for the day you are no longer here to take care of your business. Let us establish a business trust that works for your particular situation.

No one wants there to be arguments over or problems with their estate after they pass away…that is why you need to secure an estate planning attorney in Coral Springs now. Making sure that you have the right attorney planning your estate will mean that the process goes smoothly after you pass, with your estate being handled as per your wishes.

Whether you are a young family with children, or are a retiree or a business owner, our estate planning attorneys at Reinfeld & Cabrera in Coral Springs will help you draft an estate plan that works for your specific situation.

We will prepare your will or trust, including living trusts, in order to control the disposition of property after you are deceased and for your estate to avoid the probate process. Our estate planning attorneys will also protect against incapacity during your life, if that is an issue you would like to protect yourself for in advance. While our estate planning attorneys will be pleased to help you in our Coral Springs offices, we also serve clients throughout the South Florida area.

A common misconception about estate planning is that if you don’t own a big home or business, or have many expensive items to your name, then you don’t have an estate to worry about. However, the term estate refers to everything you own when you pass away, including all bank accounts and any assets. Everyone needs to have an estate plan in place. Estate planning attorneys in Coral Springs will help you prepare the appropriate documentation to leave your assets to your chosen beneficiaries.

If you do not use an estate planning attorney in Coral Springs and choose to not prepare a will or a trust, then the state will determine who gets yours assets…whether the result is what you wanted or not. It is best to plan for the future and have your wishes legally documented.

Reinfeld & Cabrera, experienced estate planning attorneys in Coral Springs, will help you to ensure your wishes are carried out after you pass away.