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Updated by Luis E. Barreto & Associates, P.A. on Feb 05, 2020
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Is There a Difference Between Business Succession Planning and Exit Planning?

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.

Source: https://www.playbuzz.com/jamesjones12/is-there-a-difference-between-business-succession-planning-and-exit-planning

Understanding the Guardianship of Your Loved Ones

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.

Three Lesser Known Florida Trusts and How You Can Benefit from Them

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.

What Makes For A Good Estate Planning Lawyer

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.

How A Trust Lawyer Can Protect Your Wealth

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.

Reasons To Hire A Will And Estate Planning Attorney

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.

Why Is A Will Essential For A Sole Director Or Shareholder?

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.

A Guide To The Probate Process – How Does It Work?

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.

5 Reasons to Revisit your Estate Plan Annually

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.