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Wills, Trusts, & Estate Planning
Several recent surveys have estimated that between 55 percent and 64 percent of Americans don't have a Last Will and Testament. This issue has been brought to light recently in the case of the late music icon Prince, who died in 2016 without leaving a Will to clarify how his $300 million fortune should be distributed. As a result, complex probate litigation over Prince’s estate has unfolded for several years and will likely cause over half of the estate to be paid out in attorneys’ fees and State and Federal taxes.
If you pass away without a valid Will in the State of Florida, your estate will be distributed according to the laws of "intestacy," and must pass through the probate process. This means you lose control over how your estate will be distributed and important family members and friends may not receive any inheritance.
Old City Law provides comprehensive and detailed estate planning services designed to fit your needs. We will take the time to explain the pros and cons of each option and will assist you in developing a customized estate plan. Our goal is for you to rest assured that your family and friends will be taken care of according to your wishes and for you to be prepared for life's unexpected events. CONTACT US today to schedule a consultation to learn how our attorneys can assist you in preparing an estate plan. The types of documents we often prepare for clients include: