Benefits of an Estate Planning Lawyer for Your Business
It’s quite common for people to have estate planning in the back of their minds from time to time, but actually getting to the planning phase can be daunting to some people. The idea of death isn’t a comfortable one, but it is a natural part of life, which is why the sooner you can get your affairs in order, the better, especially when it comes to business. You can count on reliable law offices such as the Law Office of James R. Jones, JR., P.A. for a great estate planning lawyer in Hernando County, FL.
There are many reasons you may need the advice of an effective attorney. Although you can’t predict the future, you can prepare for it. Here are some tips to get started:
Appoint a Financial Power of Attorney: This important document appoints a trusted individual to handle your finances after your death.
Develop a Living Trust: A living trust is a legal document created while you are of sound mind. This legally binding document provides directives involving your assets that name either a legal entity or a person you choose as the trustee.
Create a Succession Plan: Succession planning is a strategic blueprint for creating a seamless transition of business operations, management, and ownership to partners, future generations, or successor owners.
Contact the Law Office of James R. Jones, JR., P.A for more information about their estate planning lawyer. You’ll have a much better idea of how to keep your assets safe at the time of your passing.