John Miller and I have each been on both sides of our client-service relationship and maintain a friendship as well. In whatever dealings you consider with John, I strongly recommend him and his firm, Rock Solid Law, based on the man. Straight up, honorable and brilliant.
ALARA Planner at Duke Energy
Preparing an Estate Plan with Rock Solid Law is essential if you have children, or own assets such as a home, car, retirement or savings.
Every person who owns property and wishes to direct what happens to it upon his/her death should have an Estate Plan, regardless of the value of the property. If you have children, have been divorced, remarried, are a senior, are in a same-sex relationship or have a large estate, there may be greater consequences if you do not have a plan in place. In addition to providing for the smooth and orderly distribution of your assets upon your death, an Estate Plan can also provide for the care of your children and dependents (include any four-legged, furry, feathery or scaly family members), leave instructions for your end-of-life care, and name someone who can make decisions on your behalf in the event of your absence, incapacity or illness without the need for expensive and timely court intervention. If you die without a Will, known as dying intestate, the Florida inheritance statutes determine who gets your property, not you. The inheritance statutes contain a rigid formula and make no exception for special circumstances or unusual need. The court will choose a personal representative, who may be someone you would not have wanted in that position, to manage your estate.
Additionally, the time and costs associated with the administration of your estate will generally be higher and subject to greater court supervision as compared to if you had prepared an Estate Plan.
Preparing Your Estate Plan
Drafting an Estate Plan involves decisions that require professional judgment which can be obtained only by years of training, experience, and study. Our attorneys can help you avoid pitfalls and advise the course best suited for each individual situation. Even smaller estates can have complexities only foreseeable by the experienced attorney working closely with the client. At Rock Solid Law we don’t believe in “cookie cutter” solutions. Each client has unique needs and desires and we will work to customize the estate plan that works for you. While your needs may vary, here are examples of documents our attorneys will typically prepare as part of a comprehensive Estate Plan:
Wealth Preservation is the process of protecting your assets during your lifetime and preserving them for future generations. During your lifetime, the primary focus is on protecting your assets from unforeseen creditors such as a malpractice lawsuit or a lawsuit resulting from a car accident. For people who own businesses or rental property, it is especially important to minimize the risk that a liability resulting from the business or the rental property could lead to the seizure of other non-business assets. When you meet with an attorney at Rock Solid Law regarding estate planning or business planning, we will be happy to discuss strategies for wealth preservation and asset protection with you.
During your lifetime, this may include strategies such as the following:
Wealth preservation planning is also an important factor to consider as part of your estate plan, to make sure that your assets are not depleted after your death. With the right planning, you can make sure to leave your wealth to future generations in a manner that minimizes taxes and protects the legacy you leave to children or grandchildren from the risks of a lawsuit or divorce. It is also important to make sure that beneficiaries who may be young or irresponsible with money are not given control over their share of your wealth until or unless they can manage it responsibly and properly preserve it. After you pass away, trusts created by your Will or Trust, which we call testamentary trusts, can be used to accomplish these goals in the following way: