Everyone needs to plan ahead for what happens when they can no longer call the shots. Too many people only become concerned with estate planning near the end of their lives, but the truth is that it’s something they should be thinking about long before it may be needed.
Estate planning allows you to determine how your medical decisions will be made in the event that you can’t voice your wants and needs. It also uses different techniques to facilitate the transfer of your assets after you pass away. It is essential to begin planning for the future, and there’s no time to do so like the present.
Each and every situation is unique, so your plan must be, as well. Here are some of the ways that Barbara M. Pizzolato, P.A. can help you secure your future and the futures of the ones you love most.
Estate planning is something most people consider at some point in their lives, and the sooner you start thinking about it, the better. Waiting for the “proper time” may lessen your opportunity to ensure that your plans are carried out according to your wishes. In considering your estate planning needs, it’s important to work with an experienced professional. With nearly three decades of estate planning experience, Ms. Pizzolato understands that your estate is the product of years of hard work, sacrifice, careful planning, and good decision-making.
When you create a company, you want that organization to last through the ages. A business you build can leave a wonderful legacy behind for future generations and can continue to be a testament to your innovation and hard work long after you are gone. It is important, however, to take careful business planning steps to ensure that your company is protected as it grows and that it transfers seamlessly to co-owners or heirs when you no longer are involved in day-to-day operations.
Probate and Trust Administration
Trusts are created to help protect assets and to avoid the transfer of assets through the probate process. This does not mean assets transfer automatically upon death. Trust administration must occur so property held in trust can transfer to those who are to inherit. If someone you love has died and has left behind a trust, Barbara M. Pizzolato, P.A. is here to help.
Serious illness or injury can strike anyone at any time, although the chances of a major medical crisis increase as you age. For most people, their biggest fear is becoming incapacitated- unable to manage their own affairs and make medical or financial decisions on their own behalf. Incapacity is scary, but if you plan for what happens in this worst case scenario, you’ll maintain a measure of control and can ensure you maintain your dignity no matter what the future brings.
Legacy Planning and Charitable Giving
Giving to charity allows you to change lives and leave an amazing legacy behind, while also reducing your own tax liability. Whether you have one or many institutions you want to support, it is imperative you take steps to ensure you can maximize your gift, minimize taxes, and protect your legacy for the ages. Barbara M. Pizzolato, P.A. provides assistance to clients making charitable gifts during their lifetime and to those who want to make posthumous gifts that will make a lasting difference. Call today to speak with an experienced Southwest Florida legacy planning lawyer who will custom tailor a charitable giving plan to your needs.
LGBT Estate Planning
For a long time, lesbian and gay couples faced discrimination under the law, which made estate planning much more essential so their families could enjoy the same protections as straight couples. With the Supreme Court’s recognition of the right to homosexual marriage, estate planning has become easier. While the law has changed, there are still unique issues faced by many homosexual couples to ensure their partners and children are protected today, tomorrow, and in the future. Barbara M. Pizzolato provides legal representation to LGBT couples who want to make the laws work effectively to meet their needs.
Pets are members of the family, and they must be considered when planning for the future. If you are concerned about who will care for your pet if you get sick or pass away, as most pet parents are, it is imperative you speak with an attorney who can help you to use all available legal tools to protect your animal companion. Barbara M. Pizzolato has provided legal representation to many clients who want to continue to provide loving care and a secure home to a beloved pet, even in the face of serious illness or death. Pet owners can get the customized help they need to determine what options are best for them.
Special Needs Planning
If you have someone in your life who has special needs, it is important you understand the unique issues associated with leaving them a legacy or helping to provide for their future. A special needs child or any loved one with physical or mental handicaps may need your financial support, even after you have passed away. You may also wish to make special provisions to ensure your loved one is cared for in the way you would desire.
Starting a family brings new joys, but also many new responsibilities. The lives of your spouse and children rest in your hands and you need to live up to the responsibility to care for those you love by developing a plan for your future. Young families have special needs when it comes to financial planning, estate planning, and planning for retirement- and an experienced attorney can help families to fulfill those needs.