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 laws.
In addition, if you own assets in more than one state, your estate may need 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
- Help ensure your will, trust, powers of attorney and other essential legal documents are appropriately drafted for your state status
- Ensure that your health care directives are Florida-compliant so that your desires with respect to medical treatment and end-of-life care will be carried out, 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 (ancillary) process
We believe our personalized, tailored approach to estate planning and elder law allows us to provide our clients with the comprehensive planning necessary to accomplish 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 954-228-6074 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.