Headed South For The Winter? Your Estate Plan May Need Some Attention.
Are you a “snowbird,” dividing your time between two states to enjoy the best of both worlds? You are far from alone. Florida is the winter roost for nearly a million snowbirds every year. Whenever you divide your time between multiple states, however, you cannot afford to overlook the impact of dual residency on your estate plans.
Ensuring that your estate is seamlessly managed across state lines requires careful planning and experience. At Feldman & Feldman, Counsellors at Law, P.A., in Coral Springs, we offer a boutique experience to our seasonal clients. For more than 30 years, our estate planning lawyers have been giving our South Florida clients tailored, hands-on service to meet all their estate planning and elder law needs.
Are Your Estate Planning Documents Compliant In Both States?
Most people are not aware of just how drastically different the rules regarding wills, powers of attorney and advance medical directives can be between states. Without careful planning, your end-of-life goals could be complicated by paperwork that doesn’t comply with Florida’s laws.
In addition, if you own assets in more than one state, your estate will have to be probated in each state unless you take the necessary steps to avoid this. At Feldman & Feldman, we can:
- Help you clearly define your primary and secondary residences and ensure that both homes are properly considered in your estate plans
- Make certain that the legal formalities are observed to ensure your will, trust, powers of attorney and other essential documents are legally correct for your location
- Ensure that your health care directives can be honored in Florida so that you receive the medical care you desire, regardless of your location
- Strategically address the tax implications for your estate in both states to minimize liabilities and maximize the preservation of your assets
- Help you structure your estate so that your beneficiaries do not have to cope with the time and expense of a secondary probate process
Once you experience our tailored approach to estate planning and elder law, you will understand why our clients return to us for all their estate plan needs.
Call Us Today For A Dual-State Estate Plan
Don’t let the complexity of dual residency jeopardize the fulfillment of your final wishes. We will walk you through each step of your estate planning journey. We believe in treating each client as if they are our only client – and that tailored approach is the key to our excellence.
When you call Feldman & Feldman at 954-227-7320 or use our online form, an estate planning attorney will contact you within one business day to learn more about your concerns and discuss what we can do to help you. Contact us to get started.