One of the most attractive factors of Miami and South Florida is the fact that it is a melting pot of cultures and traditions. It is a community of immigrants. Meshed and unique because of its ability to invite foreign and even exotic customs into its makeup. Miami has an unprecedented appeal among US cities for its rich fusion of heritages. Unrivaled and constantly evolving.
A lot of people who live in Miami are from other places. Not just from other regions of the United States, but from distant shores, from other countries. Miami is a city that invites others with open arms; it’s relatively cheap compared to other parts of the nation, it’s welcoming due to its unorthodox mix of cultures, and, well, the weather is out-of-this-world.
Miami has always been a harbor for immigrants. It’s a safe port, worldwide known for lending foreigners with unbridled opportunities, opportunities lacking in their countries.
Given that, given that appeal, and the growing cascade of people coming to this region to try and capture the American dream, to pursuit happiness, it’s extremely important to realize that there’s no point in coming to the US without a plan. There is no point in coming to this nation, to build your wealth, to grow your finances, to own stock, to have a life insurance company, to own property, to pay your taxes, to build your future, without having an estate planning strategy at hand.
How to transfer your wealth to your children, grandchildren. How to envision a future where you are incapacitated. How to care for your loved ones after your time has come.
In a previous blog piece, I discussed why Estate Planning was the key to protecting your wealth. Estate planning is in essence the act of planning for the inevitable, for the certainties that biology and nature have in store for us. It is the process of anticipation, planning, and coordinating the distribution and protection of your assets after your death or incapacitation.
A recent survey, from Caring.com, revealed that only 42% of American adults currently have estate planning documents. Less than half of the population has incorporated a plan for their future. Less than half have considered what will happen to their assets and their family after there gone.
Estate Planning is a sophisticated and often overlooked branch of law but one that is vital.
The main objective of estate planning is to maximize what your loved ones will get. It’s reducing the administrative ambiguities your family will face once you’re gone and ultimately maximizing the worth of all your assets by reducing taxes and other expenses.
Why an Attorney?
An attorney will help you protect your wealth, minimize your taxes, distribute your assets properly, and above all plan for your needs and desires. An attorney will interpret your needs, and help you establish a proper and noteworthy way to shore up your valuables and belongings.
An Attorney will ultimately safeguard all the sacrifices, you, your parents, and your grandparents. All the sacrifices that have conclusively driven you and your loved ones to the station you now are at.
If you need some advice, free consultation about the subject please don’t hesitate to call or get in contact with us at Carlos Gonzales Law.