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Frazier, Long, Hill & Diebel | Attorneys at Law
Wills, Trusts and Estate Administration
We as Americans are currently living in an interesting time. In the next few years, the baby boomers who engineered the twentieth century will begin retiring in droves and will look forward to enjoying the best years of their lives. After the retirement party, many Floridians begin to think in terms of getting their affairs in order with respect to their assets, gift giving plans, and final wishes. Like people, estates come in all shapes and sizes, and therefore estate plans should be specifically tailored according to each client’s wishes and objectives. Attorney Jason Ranew leads this team for The Frazier Law Firm.
One size does not fit all, and Mr. Ranew believes that if an estate plan is worth doing, it is worth doing right. Unfortuntely, Mr. Ranew has seen good people who have amassed much over their lives wait too long to start thinking about an estate plan. The death bed is not an ideal place to begin thinking about how to take care of those who will survive you, and many difficulties and complications can accompany such hastily prepared estate plans. Even more unfortunately, some people with the best of intentions pass away without an estate plan--perhaps due to procrastination or an untimely and sudden death. The way to avoid these problematic outcomes is the see an attorney today about your specific estate plan for your unique situation.
A good estate plan should not only accomplish your financial and donative objectives, but it should also be well constructed and iron-clad so as to prevent others from challenging your plan and reversing your wishes. Tax considerations may also come into play, and this issue should be raised with your attorney, who may need to bring another professional onto the team, such as a certified public accountant (CPA). In the end, an estate plan is a mechanism tailor made for a specific purpose. Make sure yours is done right. Mr. Ranew would be honored to answer your estate planning questions. When a person dies, that person’s estate may need to go through probate administration, commonly referred to as "probate." This is where the deceased’s final wishes regarding his or her assets are carried out and accomplished under court administration. Certain bills must also be paid, and the Florida Statutes have mandatory processes and procedures that must be respected before the estate can be closed.
Mr. Ranew is available to answer your questions about making this tender time a productive time that accomplishes the last wishes of your deceased loved one. Probate matters are involved and time consuming, especially if the deceased’s estate plan did not make provisions to avoid probate. However, with compentent counsel, the process should go smoothly and without incident.