Pinellas County, Florida Estate Planning Attorney
Everyone needs to have an estate plan in place. Whether you are young and recently married or already retired, it is important to establish an estate plan while you are of sound mind and body. At The Law Office of Thomas G. Tripp, I will provide you with a private consultation to review your assets, family relationships, and desires. Based on your goals and desires, we will create an appropriate plan tailored to your needs.
Wills
I recommend that everyone have a will to direct the final distribution of any assets held at the time of death. The will and its application will be affected by how your assets are titled at the time of your death and who your family members are.
If you want your assets distributed in a specified manner, you should have a will drafted by an experienced Florida probate attorney. Within the will, you can:
- Create specific grants of property so that the assets you hold go to the individuals you want them to go to.
- Create a residuary clause that passes assets not specifically designated to the appropriate person or persons that you want as beneficiaries for the remainder of your estate.
- Designate a personal representative who will be appointed to act as executor regarding the distribution of assets and payment of any claims made under your will.
For more information about creating a will, please contact my office.
Trusts
A revocable trust offers flexibility with the ability to amend, revoke, or terminate any aspects of the trust during the grantor's life. A revocable trust may be appropriate for you depending on the nature of your assets, how you want your assets distributed, and whether you have family members who need specific protection.
As your attorney, I will take the time to review your assets and needs, and help you determine whether a trust is a viable option for your estate planning goals.
You may want to consider a trust based on:
- The nature of your assets: If you hold real estate in various states or hold assets large or diverse, or you have beneficiaries that have special needs or need specific protections going forward in their lives.
- Protection in the event of incapacitation: The trust has an added benefit of creating a vehicle for the protection of your financial affairs and assets during your life, in the event you become incapacitated and can no longer handle your affairs.
Contact me for more information about creating a trust. I can provide you with the information you need to protect your rights and assets. For your convenience, credit cards are accepted.
The Law Office of Thomas G. Tripp
4930 Park Blvd
Pinellas Park, FL 33781-3410
Phone: 727-544-8819
Fax: 727-546-0529