There are two main options for business owners to choose from when transitioning away from your business in Miami; either you have a succession or an exit plan that will be executed by an attorney. First, it’s important to mention that exiting your business doesn’t have to mean disaster or failure, in fact, many business owners start their own business with the purpose of exiting after a certain amount of years.
Protect your loved ones and preserve your assets with expert trust creation, and living trust planning services by Luis E. Barreto in Miami.
Luis E. Barreto a probate executor and estate administration attorney in Miami, Florida guides through the complex probate process and helps clients with effective probate services
There are two types of guardians, the first being a “guardian of the person” who is appointed when people cannot take care of their own personal needs such as medical care. The second is a “guardian of the estate” which I’m sure you can guess is appointed if people cannot handle their own business or financial affairs. A general guardian is someone who will act as both roles.
Trusts are excellent estate planning tools. Their main benefits lie in their flexibility and versatility. A person’s assets and money can be organized in different kinds of trusts according to that person’s individual needs, family situation, and estate planning goals. Luis E. Barreto & Associates, P.A. are trusted estate planning attorneys operating in Miami, Florida.
One of the main benefits of using an estate planning attorney is their level of expertise when it comes to helping you protect your wealth and personal assets. In the event of a family member passing or some legal roadblocks popping up, the last thing you would want is to lose everything you worked for because of a lawsuit or some other mishap.
One of the benefits of hiring a trust lawyer is the mere fact that they will draft a plan that will provide protection for your family for the foreseeable future. The trust can be structured in such a way and will act as a financial safety net for your family.
One of the main benefits of working alongside an estate planning attorney is the fact that every plan you put together is completely customizable. Your attorney will design the plan based on your needs and what makes the most sense for your personal situation.
If the appointments for new directors are conducted by the acting director. If the acting director is now dead, the whole process is halted. The same happens for shareholders – if certain names are entered in the register of members, and the person updates the register dies, the shareholders remain unchanged. The only solution for this problem is to hire the best will attorneys to draft a good last will.
Probate only works if the deceased has an active last will or testament. This process deals with the transfer of the person’s assets, paying the bills and taxes, distributing the remaining assets and solving other legal aspects after a person dies. Typically, a probate attorney helps the beneficiaries speed up the process.
It is important for your estate plan to keep up with your life before and after your retirement, because you are not done living your life. Due to a myriad of changing situations, we strongly recommend revisiting your estate plan annually to ensure the best outcome for you and your loved ones.
Estate planning is very beneficial for an individual's future. If you want your family to live a peaceful life even after you are gone, hire an estate planning lawyer now! [Luis E. Barreto & Associ...
