Attention To Detail Matters In Estate Planning
Wills, trusts, and estate planning documents are not just for the wealthy. Anyone can benefit, whether you are starting a family or enjoying your golden years. It ensures that your assets and insurance benefits transfer to the right people upon death. It guides your loved ones in the event that you become incapacitated.
The law firm of Sharon L. Azoulay, P.A., provides customized estate planning to clients in Delray Beach, West Palm Beach and surrounding counties of South Florida and Central Florida. Adam Azoulay’s extensive background in drafting and reviewing contracts helps to ensure that all your bases are covered and properly preserved in writing.
Call us today at 786-772-2449 to arrange a free initial consultation about our services and your needs.
Writing Or Updating A Will
A will provides written instructions regarding who should inherit from you when you pass away, what each of them should receive, how the inheritance should be managed, and who should be in charge of administering your estate. A will can also outline your wishes regarding funeral arrangements and disposition of your remains.
Estate plans are not only for the elderly. Younger couples can designate guardians for minor children in the event of death or incapacity. A will and beneficiary designations should be updated for major life events such as divorce or new children.
Protecting Family Wealth Through Trusts
Revocable trusts can be used in combination with a will to provide efficiency, privacy, and probate avoidance. We can also help you create irrevocable trusts, creditor protected asset trusts, charitable trusts, special needs trusts, pet trusts, spendthrift trusts, and other options depending on your goals and asset base.
It’s important to make sure your estate plan is up to date. If you pass away with an outdated will, your assets may not be protected from potential creditors, such as an ex-spouse after divorce. Divorce in particular can result in devastating financial setbacks. We can help create a plan that provides for your intended heirs and protects your estate from potential claims of former spouses.
Incapacity And End-Of-Life Plans
Two key elements of an estate plan are powers of attorney and a living will.
A durable power of attorney names someone to make financial and legal decisions on your behalf if you are unable to because of health issues, injury, or mental decline. Without a durable power of attorney, an expensive and time-consuming guardianship might be necessary. Also, it allows you to dictate which powers the agent should have and under what circumstances.
A designation of health care surrogate (health care power of attorney), names a person who you authorize to make medical decisions for you if you are unable to speak for yourself.
A living will (advance directive) allows you to specify your wishes regarding life support and end-of-life care. For example, it may state that you do not want to be kept alive artificially, if you became brain dead or terminally ill and unable to communicate. The specific level of care or medical intervention can be tailored to your wishes.
Customized Estate Solutions
Sometimes protecting your assets can require more than just drafting a simple will. You may need an attorney who will dedicate the time and effort necessary to determine what your immediate and long-term needs are. Our clients range from young families looking for protection to families planning for estate taxes and elder care. We are happy to collaborate with financial advisors and accountants to coordinate estate planning goals with retirement and other financial strategies. We also work with our own recommended estate planning services if you do not have one already. They can help you navigate complex financial situations, in order to make sure you are set up for the best possible outcomes.
Are You Ready To Get Your Affairs In Order?
A good estate plan provides peace of mind that you and your loved ones will be taken care of properly. Adam Azoulay and Sharon Azoulay bring years of experience in estate law and applicable knowledge in other areas of law that help us create clear and enforceable documents.