Wills, Probate

Trusts, Estate Planning

210 South Beach Street, Suite 202
Daytona Beach, FL 32114
(386) 257-3332

Personal Representative

I recently had a difficult legal matter dealing with Trusts and Power of Attorney concerning my elderly parents. Heidi immediately took on the task with calmness and reassurance – and I felt things would work out – and they did. It was her priority to get everything in order and quickly. Heidi is a great person and cares deeply for her clients. I would highly recommend her. Thank you for a job well done.

 

~ Ron O

Met with Heidi for some consultation. She was wonderful and very knowledgeable.

~ Michele M

Newcomers to Florida Should Update Their Estate Plans

8 Reasons Why Newcomers to Florida Should Update Their Estate Plans

Relocating to Florida promises sunnier skies and a new lifestyle but also introduces several legal nuances, especially in the realm of estate planning. It’s imperative for newcomers to Florida to update or establish their estate plan upon moving to ensure it reflects their current needs and complies with Florida’s Laws. Here are eight reasons why it’s vital for new Florida residents to update their estate plans according to our state’s specific laws and regulations.

1. Navigating Florida Law

Each state in the U.S. has its own estate planning laws, and Florida is no exception, with specific rules regarding wills, trusts, probate, and more. Consulting with a knowledgeable Florida estate planning attorney to understand these laws is essential to ensure your estate plan is effective and enforceable.

2. Maximizing the Homestead Exemption

Florida’s homestead exemption offers robust protection for your primary residence, which can lead to reduced property taxes and increased creditor protection. Updating your estate plan can help you fully leverage these benefits.

3. Understanding Property Ownership

Unlike some states that use community property laws, Florida employs a common law system that affects asset ownership and inheritance. It’s important to discuss these differences with your estate planning attorney to ensure your assets are distributed according to your intentions.

4. Streamlining the Probate Process

The probate process in Florida comes with its own set of complexities. An updated estate plan can simplify or even bypass the probate process, potentially saving your heirs time, money, and stress.

5. Leveraging State Tax Advantages

Florida does not impose a state estate tax, which could be beneficial if you’re moving from a state with such a tax. Updating your plan could reduce the overall tax burden on your estate.

6. Updating Healthcare Directives

It’s crucial to establish or revise your healthcare directives, like Health Care Surrogate Designations and living wills, to ensure that your healthcare preferences are respected and that designated individuals can act on your behalf if necessary.

7. Revising Beneficiary Designations

A move can also affect your relationships and financial goals. It’s important to review and update your beneficiary designations on policies and accounts to ensure they remain aligned with your current wishes.

8. Connecting with Local Legal Experts

Building a relationship with a local estate planning attorney is invaluable. They can provide tailored advice and ensure your estate plan aligns perfectly with your new circumstances in Florida.

Moving to Florida is an exciting new chapter that requires careful legal consideration, especially concerning estate planning. This is why newcomers to Florida should update their estate plans to align the plan with Florida’s specific requirements and regulations; you can protect your assets and ensure your loved ones are cared for according to your wishes.

Heidi S. Webb, Attorney at Law, serves clients in Daytona Beach, Ormond Beach, Port Orange, and beyond with matters of Estate Planning and Probate. Contact her today to schedule a free consultation. Visit her page on Facebook, or see what her clients are saying to learn more about Heidi. 

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