You have worked hard to solidify your finances and build a legacy for the next generation. But a lack of planning can threaten your ability to preserve your assets and take care of the next generation of your family.
Hall of Fame basketball coach John Wooden once said "failing to prepare is preparing to fail." His area of expertise may have been basketball, but his words of wisdom are equally true in the arena of estate planning.
The main purpose of estate planning for most people is to express their wishes on how they want their property distributed upon their death. However, it is important to properly address other issues, such as the payment of taxes, payment of medical and funeral expenses, and the payment of any outstanding debts.
A good estate plan will also consider the continued financial needs of family members, minimize exposure to estate tax liabilities and administrative costs, and address how property should be controlled should a person become incapacitated.
Experienced estate planning Attorneys serving the greater tampa area
At Drummond Wehle LLP, our exceptional lawyers cater to families with a wide variety of estate planning needs. It is our experience that no two situations are alike, so we begin by taking the time to learn about the unique goals and needs of our clients. From couples with children to high net worth individuals to single clients who wish to pass on assets to a charity, we are equipped to resolve all of the estate planning issues facing people in West Central Florida.
Through the use of wills, revocable and irrevocable trusts, family limited partnerships, LLCs, gift transfers, charitable planning techniques and other planning opportunities, we seek to avoid the vagaries of probate proceedings and to optimize favorable estate tax treatment.
Protecting your Family. Protecting your Assets. Protecting your Future.
Call 813-983-8000 to arrange a consultation with Drummond, the estate planning attorneys at our Tampa office, or submit our online contact form.