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Estate planning is a process to consider alternatives to Probate and to consider and create legally effective arrangements that would meet your specific wishes if something happens to you or those you care about. Good estate planning is more than just a simple Will. Estate planning also typically minimizes potential taxes and fees and sets up contingency planning to make sure your wishes regarding health care treatment are followed. On the financial side, a good estate plan coordinates what would happen with your home, your investments, your business, your life insurance, your employee benefits (such as a 401K plan), and other property in the event you became disabled or if you die. On the personal side, a good estate plan includes directions to carry out your wishes regarding health care matters, so that if you ever are unable to give the directions yourself, someone you select would do that for you.

A Will and a Trust are similar in the effect that both let you designate exactly how you want your assets and other personal property to be distributed to your friends, family, and other loved ones after you die. A Will must be filed in the Probate Court but a Trust does not. A Trust is administered outside of the Probate Court and can save the family thousands of dollars in legal fees and Court costs.

Your strategy for finding an estate planning attorney in Tampa, FL can take many forms. For instance, an online search will highlight those in your area, and you can use this as a springboard to begin your research. Make sure that the attorneys you are considering are experienced with a demonstrated track record, and consider scheduling consultations with a few to find the right fit. You can ask for references from past clients, or read reviews and testimonials before making your decision.

The first step in a short sale generally is to contact your lender after you have received an offer on the property and determine what is required to submit the offer to the lender. You may also want to consult with and/or hire a realtor and a real estate attorney to guide you through the process.

Yes, you can. By simply following the 1031 exchange rules every time you sell one or more properties and buy replacement properties when you die your estate escapes all the capital gains taxes forever!