South Florida Estate Planning Lawyer

The most challenging aspect of working with a Florida estate planning lawyer for end-of-life planning is not completing the documents, confronting your mortality or developing a vision for what you want out of end-of-life care. Rather, we find that for many people, the most difficult aspect is the simple act of getting started with the process.

Perhaps you’re a nonresident alien who owns assets in the United States and you need to ensure that family inside and outside of the country will be protected, no matter what happens to you. Or maybe you’re a business owner who needs assistance with traditional estate planning – wills, trusts, advanced health care directives, etc. – as well as with creating a legal structure to protect your company and its employers, clients, and stakeholders if you become incapacitated. Whatever your estate planning goals are in South Florida, attorney Horacio Sosa’s team can help you achieve them.

The Basics Of Planning: What A Florida Estate Planning Lawyer Does

What will happen to your possessions, debts, families, businesses – your legacy – when you become physically or mentally incapacitated, ill, or injured? What will happen upon your death? These questions are at the heart of the discipline of estate planning. This area of law has deep ramifications for your career and financial strategy, even when you’re young and healthy.

At Horacio Sosa, P.A., we handle the following:

• Traditional estate planning. We have helped many people create a traditional estate plan with a will or trust and other documents to protect their assets for their families. Even if you’re just starting a family, we can ensure your children’s future and help you build a smart, decisive financial strategy.
• Modern estate planning. If you’re an immigrant, member of a same-sex couple, about to get married for the second time, or planning care for a beloved pet, you need to strategize and create an action plan with a forward-thinking Miami attorney. For instance, we can help nonresident aliens with assets in the United States, recent immigrants with green cards and families who just immigrated (or will soon immigrate) to the country.
• Estate planning for special assets. Special assets can include retirement funds, insurance proceeds, inheritance and assets you’ve won in a lawsuit. These kinds of assets require special handling to ensure that your beneficiaries will have access to them should you become incapacitated or die.
• Business succession. Business owners face unique concerns and potential opportunities, which we can address. For instance, if you are in a partnership and you die or become incapacitated, your spouse will take your interest over. Is your spouse willing to assume the role of a business manager? Is your partner agreeable with your spouse as a “new partner”? Will death or incapacity create problems in your business? Have you discussed these issues with your business partner? We help you answer these business succession questions.
• Asset protection planning. You’ve worked hard to build and maintain a portfolio; we can help protect your assets against lawsuits and other types of threats.
• Estate planning for the wealthy. If you own more than $10 million in assets, you face unique tax consequences and concerns, which will likely require special planning strategies.

Estate planning is not the same thing as “estate tax planning,” although both concepts sound superficially similar. In 2017, Congress passed the Tax Cuts and Jobs Act (TCJA), which substantially altered estate planning rules. TCJA’s provisions can potentially negatively impact your estate and your assets. So even if you’ve already gone through some form of planning or preparation, you may want to revisit your strategy with the help of a skilled lawyer.

Don’t Delay – Get Started With Your Estate Plan Today!

You know in your heart that you need to plan for your end-of-life care. We understand that it’s not easy to think about your own mortality, but if you keep putting it off, you could be doing a great disservice to the people you love the most. Call our experienced Florida estate planning law firm today at 954-361-8966 or send us an email for a free consultation about your needs.