Category: Estate Planning

One thing you might want to consider if you are a business owner or just a regular person in South Florida, is acquiring a trust attorney in Coral Springs to create a trust for your company or just for yourself. Trusts can be used in running a business for the benefit for others.

A trustee can be designated by the trust attorneys in Coral Springs to run the business on behalf of the beneficiaries of the trust. For example, a family business can be set up as a trust so that family members are made beneficiaries but have no involvement in running the actual business.

A trust attorney at Reinfeld & Cabrera, in their Coral Springs office, will explain to you that there are many benefits to a business trust, such as reduced liability, protection of assets and they also allow for flexibility of asset and income distribution.

There are several different types of trusts and the trust attorneys at Reinfeld and Cabrera will be able to explain the different varieties to you at their Coral Springs office. Once you choose the type of trust you want to create, you are bound to follow the rules for that type of trust in order to ensure it is legal and will result in carrying out your wishes.

You may also wish to hire trust attorneys in Coral Springs to establish a trust for your own estate, not only for your business. Trusts can be an important part of estate planning and can help you avoid taxes and probate and can help you allocate your estate, as you fit.

Let the trust attorneys at Reinfeld & Cabrera’s Coral Springs office help you establish your trust for your business or your own personal estate. We will walk you through the process and make sure you are happy with the plans that are put in place.

The will attorneys in Reinfeld & Cabrera’s Coral Springs office want to remind you how important it is to keep your will up-to-date. You may have done the majority of your estate planning years ago, but now there are some changes you need to make to your will.

Your will is one of the most important documents you will ever establish and it is important to keep it up-to-date, reflecting your current plans for your estate. While the plans you made in your will years ago reflect your life at that time, you may want your current will to reflect changes in your life. The will attorneys in Coral Springs will help you update your will and make sure your estate plans are in order.

There are a lot of reasons why you might want to update your will. Marriage, divorce, and death are all reasons why wills need to be updated to reflect you current life status. A new child is also a reason to make changes to your will, as it will now reflect a new heir to your estate. Other potential reasons to update a will would be if you have seen a significant decrease or increase to your estate. For example, if you have won the lottery since your last will update, you will want to change your documents with the will attorneys in Coral Springs, to reflect your current worth.

If you have recently moved to the South Florida area from out of state, then you should also have a will attorney from Reinfeld & Cabrera’s Coral Springs office review your will to make sure it will be current and up to date according to Florida law. Tax laws change on a regular basis as well. It is always good to have your will reviewed and updated to take advantage of any new tax law changes that may be reflected in your estate planning.

Of course, the will attorneys in Coral Springs know that sometimes you just might change your mind about something in your will. Whether it be about the person you have named as the guardian of your children, or someone who was named to receive an inheritance from your estate, it is okay to change your mind and want your will to reflect this latest decision.

Don’t hesitate. Make those changes to your will today before it is too late.

Probate can often be a convoluted process and to understand the proceedings involved it is best to have an experienced and knowledgeable probate attorney in Coral Springs to guide you.

Reinfeld & Cabrera, probate attorneys in Coral Springs and serving the South Florida area, offer a personalized approach to estate administration and probate. The probate process is a court-supervised proceeding that identifies assets of a deceased person, pays the deceased person’s debts, and distributes the person’s assets to his or her beneficiaries.

Depending on each specific probate process, the proceedings may involve a circuit court judge, an executor, the multiple beneficiaries and creditors of the estate, and a probate attorney to provide legal advice, such as our attorneys from our Coral Springs office, those filing claims in the probate process involving debts incurred by the deceased, and the Internal Revenue Service. The circuit court judge will rule on the validity of the deceased’s will, and will hold hearings as necessary to resolve any questions or disputes that arise during the probate process.

If you wish to avoid the probate process, the probate attorneys at Reinfeld & Cabrera in Coral Springs advise clients to have revocable trusts or properly plan out their estate plans. Trust administration is a similar process to probate, as each requires a responsible party to ensure the estate plan is properly carried out.

The probate attorneys in Coral Springs will make every effort to resolve all disputes related to the administration of either trusts or estates, in order to avoid lawsuits and to make the process less of a hassle to your family. But when issues are not able to be handled outside of court, we have the knowledge and litigation experience to represent you.

Our experienced probate attorneys in Coral Springs will guide you through the entire probate or trust administration process.

We have all heard horror stories about someone dying without having the proper wills and trusts in place. Without the proper estate planning set up, you leave your family in a position where they might have to fight for your estate in probate court, wracking up high fees and eating up a portion of the estate.

Wills and trusts are designed to be put in place while the client is still alive, to ensure that actions are carried out as the person wishes after they have died. While a simple will may be all you need, it will be subject to probate after you die, whereas a living trust will help your family members avoid probate and its fees.

A simple will and testament dictates to whom your property will be given, names a guardian to care for any minor children, names someone to manage assets that have been left to minor children and names an executor of the will – a person with the authority to make sure that the terms of the legally binding document are carried out. However, a basic will does not avoid probate. It is admitted to probate and becomes a part of the public court records.

Probate court proceedings, which deal with the distribution of assets, the validity of wills and ensures all debts have been paid, can take six months to a year and cost up to 5% of your estate in court fees. If you are looking to avoid probate your best bet might be a living trust instead of a will.

A revocable living trust avoids probate because your assets are titled in the name of your trust at the time of your death. Any items not included in the trust at the time of death, will be subject to probate.

Alan Reinfeld and Michael Cabrera are attorneys who specialize in wills and trusts and in all manners of estate planning. We will help you determine what type of planning is necessary in your particular situation and whether a will or a trust would better suit your needs.

Estate planning requirements are very specific, right down to who can and can’t be a witness to your will or trust. It is a growing trend these days is to use forms found on the Internet or to buy a do-it-yourself estate planning book from a store. But because the particulars are different from state to state, there is a good chance that your estate plan won’t be followed because your will or trust isn’t legally valid if you try to do it yourself.

When considering estate planning, it is extremely important to have the right attorney working for you. Estate planning laws differ from state to state, so you need to have an expert right here in Florida, who knows the specifications of wills, trusts, medical or financial power of attorney, to make sure your estate is handled exactly how you wish.

Too many of us have seen a friend or loved one’s failure to plan their estate result in family fights and high court costs. It is important to have an attorney help you with your estate planning, to ensure your family, your estate and your business are all taken care of in the manner you wish, and to make decisions about who will be in charge if you ever become mentally incapacitated.

Experienced attorneys such as both Alan Reinfeld and Michael Cabrera, who specialize in estate planning, can help reduce estate taxes, or eliminate them, by setting up specific types of trusts as part of a client’s will. This type of experience and knowledge, along with advanced estate planning techniques, are why seasoned attorneys are so valuable to the estate planning process.

When you consider that one missing signature can change a will or a trust, you realize how important it is to have confidence in the attorneys you have hired for your estate planning. We are qualified and experienced estate planning attorneys in the state of Florida and are ready to help you with all of your estate planning needs.

When you are looking for professionals to help you in estate planning in the Coral Springs area, then look no further than Reinfeld and Cabrera, Attorneys at Law. These attorneys are professionals with years of experience and will help you draw up wills and trusts or anything else you need to make sure your estate is cared for.

Estate planning may include trusts, which are a legal structure where a trustee deals with property or assets for the benefit of beneficiaries, who are the legal owners of the asset. A living trust is established while an individual is alive and the trust is funded now, while a testamentary trust is created after a person’s death and is funded from the proceeds of the estate.

Estate Planning may also include a will, which is a legal declaration where a person names persons to manage his or her estate at the time of his or her death. The attorneys of Reinfeld and Cabrera are ready to address any estate planning issues you may have…just schedule an appointment today and let us take care of all your estate planning needs.

Whether you are a young family who wants to make sure your children are taken care of in the event of untimely deaths, or are retirees and seniors looking to legally plan the distribution of your estate, or a business owner looking to make sure your business is taken care of in the event of your death, we are here to make sure you are prepared for the future.

While it may be a difficult subject for some people to talk about, it is never too late to plan for the future. Nobody knows what will happen tomorrow and you should make sure your estate planning in Coral Springs needs are taken care of now. You should prepare for the future by making sure health care proxies and powers of attorney are set up to protect you against incapacity.

Call Reinfeld & Cabrera today and let us answer all of your estate planning questions! 954-334-1520

Read our blog regarding Estate Planning. : https://mypersonalattorneys.com/category/Estate-Planning/