Paul lives in Sarasota County, Florida, and has been a member of the Florida and Maryland Bars for over 27 years, having worked in both private practice and government service. He graduated from the University of Florida (B.S.), and the College of William & Mary (J.D.)
Paul J. Consbruck
Estate planning is for EVERYONE!
Estate Planning is for everyone, not just for the elderly or those with many assets. Good estate planning is essential to protecting your property and the people you love.
Here are some options to consider for your family... not an exhaustive list.
If you have minor children, you can designate who you prefer for guardianship of your minor children, and who would manage (as trustee) their property.
Living: Revocable Family Trust
A Trust is a useful tool in managing your property while you are alive and after your death, thus avoiding the probate process, if all assets are properly titled in the name of the trust.
Designation of Healthcare Surrogate
Appointing someone to make medical decisions for you, if you cannot act on your own behalf.
Durable Power of Attorney
Appointing someone to manage your affairs (financial, property, etc.) when you are not able to act on your own behalf.
Living Will or HIPAA Release
A Living Will states that you do not want artificial prolonging of life, if in a terminal or end-stage condition. A HIPAA Release appoints someone who will receive your health care information for the doctors, insurance purposes, etc.
Pre-Need Guardianship Designation
Adults can designate who they prefer to be their legal guardian, if the need should ever arise. This can be filed with the Guardianship Court in your County of residence (no filing fee).