Your Estate Plan
An estate plan for our clients typically includes a combination of the following:
- Last Will and Testament;
- Advanced Directives (including durable power of attorney, designation of healthcare surrogate, and living will);
- Trust; and
- Asset Protection
Wills and Trusts
- Will and Testament: A Will is a document that communicates a person's final wishes regarding possessions and dependents.
- Advanced Directives: Advanced Directives are documents that describe a person's wishes in the event of incapacity. These choices include the following: (i) who can make medical decisions; (ii) who can make financial decisions; (iii) do you want to be put on life support; and (iv) in the event of minor children, who will serve as guardian.
- Trust: A Trust is a legal entity that can be used to hold property for the benefit of others. Trusts allow flexibility and freedom in deciding how distributions are made and to who. For example, a trust may be created to hold funds until a beneficiary reaches thirty (30) years of age.
- Durable Power of Attorney and Designation of Healthcare Surrogate: A Durable Power of Attorney survives disability and allows a loved one to make financial decisions on your behalf; a Designation of Healthcare Surrogate empowers loved ones to make medical decisions on behalf of a person if and when they are unable to do so for themselves.
Common Forms of Asset Protection:
- Business entities
Interested in discussing your estate plan?
About Alberto Rodriguez, LL.M, Esquire
Alberto Rodriguez, Esq., LL.M., has experience in all phases of Estate Planning, from drafting simple wills to complex trusts and tax structures. Alberto's experience in Estate Planning includes a specialized background in taxation which he obtained from the University of Miami's Masters of Laws program and throughout years of practice.