What Is Estate Planning?
While it may be difficult to face, it is important to plan for the future and what happens when you are gone or cannot make decisions for yourself. Setting up a plan for how you want your assets handled, how your debts are paid, what level of medical care you want and more is called estate planning. Traditionally this process involves the creation of wills, trusts, powers of attorney, advance health care directives, living wills and other planning documents.
Regardless of your age or station in life, a comprehensive and customized estate plan can help you minimize tax burdens, control your future medical care, plan for the responsible disposition of your assets, and provide a legacy for your children and grandchildren.
Why Is Estate Planning Important?
No estate is too large or too small to benefit from estate planning services. Whether you wish to protect a family heirloom, arrange for the transfer of a small business, or prepare the next generation for receiving and managing wealth, the law firm of Cauthen, Oldham & Associates, P.A., can help you take proactive steps to assure that your family and financial goals will be achieved, both now and after your death.
An estate plan can also set parameters for your medical care so that you will not be kept on life support or receive other life-prolonging treatments against your wishes. A properly drafted estate plan can also help your loved ones avoid expensive and contentious litigation during the probate process. These days, estate plans can be both powerful and flexible, and the options are virtually limitless.
How We Can Help
For more than 40 years, residents of central Florida have turned to Cauthen, Oldham & Associates, P.A., for trustworthy assistance with their estate planning needs. We understand that success lies in the details. A proper estate plan must be strategically drafted and tailored to an individual’s needs, wants and goals – one size does not fit all. With this in mind, our principal attorney, David E. Cauthen, works closely with clients to provide them with the information and advice they need to thoughtfully plan for the future while protecting their families.
Our firm provides a full complement of estate planning services, including:
- Medical powers of attorney
- Durable powers of attorney
- Advance health care directives
- Living wills