ESTATE PLANNING
Proper estate planning requires some self-discovery. It requires considering how you want to be remembered and what kind of legacy you want to leave.
Terri can help you think through your options and choose the right estate planning tools for you.
The most important aspect of Estate Planning is helping your loved ones avoid Probate.
With proper planning, a probate case need not happen!
Call to learn how today!
Wills
Whether you want a simple will or something a bit more complicated, Terri K. Hinks PLLC can help. A will is often the backbone of an estate plan. The first thing it does is direct your assigned personal representative on your wishes. It may not be the only piece. We can help you create a will that works well with the rest of your estate planning tools, such as trusts or life insurance policies. Along with the Will, other documents need are A Living Will, Health Care Surrogate, HIPAA Release, Donor ID Card, and more.
Trusts
A trust allows you to control your assets even more than a will. This vehicle is used more in larger estates with more than just a homestead property or various other assets. They are especially useful when family matters are complicated. It provides very specific direction to loved ones on how your funds or other assets should be used and cared for in the future.
For example, if you are concerned about a wasteful child or grandchild, a spendthrift trust might be a good option. If you want to ensure care for a child who is disabled, a special needs trust could be a useful tool. No matter your situation, Terri K. Hinks PLLC can help create a trust to meet your needs.
DPOA
A durable power of attorney (DPOA) is a legal document that sets out who you would like to make decisions on your behalf. It can extend to a wide variety of decisions. For example, it can relate to financial matters, such as taking care of your checking account, or it might address medical decisions. You can also limit it to very specific assets, such as one piece of real property. This document can be effective immediately, or it can “spring” into effect if you become disabled or incapacitated.
Although DPOAs are often overlooked, they are a key part of any estate plan. They address situations where you cannot make vital decisions yourself and must rely on others.
Lady Bird Deeds
A lady bird deed can be an effective way to transfer real property in Florida. It is used to transfer property after death so that the real property does not have to go through the probate process. This estate planning tool can be very useful, especially for someone who owns multiple homes or has investment property.
No matter what your estate planning goals may be, Terri K. Hinks PLLC can help. Contact us today for more information. We are located in Fort Orange, Florida, and we serve all of Volusia County. We also provide services in Sioux Falls, South Dakota. We even make house calls!
Terri K. Hinks, PLLC
