West Palm Beach Estate Planning Attorneys Helping to Ensure Your Legacy
Using our experience to preserve your wealth for the next generations
Planning for the future can seem like a daunting task. You want to make certain that your wishes are respected and your loved ones protected. Of course, estate planning is not a simple process, but our experienced Palm Beach County estate planning lawyers at the Bankier & Arlen Law Group, PLLC in Delray Beach and New York are prepared to guide you through every stage of planning your legacy. To help you make sound decisions regarding your estate, we are prepared to answer any questions you may have.
What’s the best way to protect my estate?
There are a variety of tools that can be used in estate planning, especially with a high-asset estate. We listen closely to your situation to determine the best way to protect your property. Then we draft clear, concise, legally sound documents detailing exactly how your estate should be distributed. The estate planning vehicles you may wish to consider include:
Of course, no two estates are alike. The family business you leave behind may require asset protection. If you have small children, a trust might be preferable to a will, and you may wish to assign guardianship to a specific person. We give each person’s estate our close personal attention and help you determine your best course of action based on our years of experience.
Why do I need an estate plan?
Without an estate plan, there are many unfortunate things that can happen. People enlist the help of an estate planner for several important reasons:
- Avoiding probate — Probate can delay the division of your assets for months, since it involves contacting creditors and settling debts and bills owed at the time of your death.
- Reducing estate taxes — If you have a sizeable estate, your beneficiaries may be responsible for paying federal estate taxes or state inheritance taxes. With careful planning, those taxes can be reduced.
- Protecting beneficiaries — For beneficiaries who are minors, a guardian or a conservator must be appointed to make decisions until they turn 18 or 21, depending on the state where they reside. You can also appoint a conservator for an adult beneficiary if you are concerned that this person may not be capable of making good financial decisions.
With 27 years of experience in estate planning, Adam Bankier is a Florida Bar board-certified attorney in wills, trusts and estates. He has the legal and financial knowledge to provide comprehensive advice on any area of wealth preservation.
Contact our Palm Beach County estate planning law firm to protect your assets
Are you thinking about planning your estate? Contact our attorneys at Bankier & Arlen Law Group, PLLC. We are always accessible to you, and we return your calls promptly. Call us at 866.919.6329 or contact us online.