Tampa Complex Will & Estate Preparation Attorney

Every adult should have a last will and testament and other basic estate planning documents, such as a power of attorney and advance directives for health care. For many Tampa residents, a simple will and basic estate plan is enough. But there are many cases where your financial or family situation may require a more complex will and additional estate planning tools, such as the creation of one or more trusts.

While planning for complex estates can still be relatively straightforward, the process works best when you work with an experienced Tampa complex will and estate preparation attorney who understands the federal and state laws that may affect your situation. Knudsen Law is a dedicated Florida estate and probate firm that advises clients in assessing their current–and potential future–needs and preparing documents that will help them achieve their goals.

When Do You Need a Complex Will?

In its most basic form, a will does two things: It names a personal representative to administer your probate estate upon your death, and it designates the beneficiaries who will receive the estate’s property after any debts and expenses are paid. If you are relatively young, do not have any children, and do not have substantial assets in your name, a simple will is probably all that you need in terms of estate planning. Of course, it is still a good idea to work with an estate planning lawyer who can help ensure that even your simple will complies with Florida’s requirements.

So how do you need it if you may need a more complex will? Here are a few signs:

• You own substantial assets and need to consider the potential tax implications for your future estate.
• You suddenly acquire significant property, perhaps through an inheritance or a business deal, and need to revise your simple will or estate plan.
• You need to create one or more trusts as part of your estate plan, for example to provide for your minor children or gift substantial assets to a charitable organization.
• You are married and want to create a joint estate plan with your spouse.
• You have children from a prior relationship and want to provide for them while still protecting your current marriage and the children born from that marriage.
• You own your own business and need to plan for what will become of that business after you die or retire.

Reach Out to Our Tampa Complex Will and Estate Preparation Attorneys

People often put off estate planning because they fear the process is complicated and unnecessary. But not having the right estate plan can lead to even more difficult complications later, if not for you then for your family and other loved ones that you leave behind without providing the necessary guidance for how to manage your affairs. So if you think you might need a new estate plan, do not hesitate to speak with a Tampa complex will and estate preparation attorney who will sit down with you and explain your options. Contact Knudsen Law today at (727) 398-3600 to schedule a consultation.