The Tribuiani Law Firm
Wills, Trusts & Estate Planning
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Wills, Trusts and Estate Planning
The Tribuiani Law Firm is dedicated to providing the highest quality estate planning legal services. We will help you protect your wealth, skillfully craft and execute legal documents to meet your unique needs, and plan the distribution of your assets upon your death. With a myriad of documents to choose from, including wills, trust agreements, powers of attorney, and health care directives, please contact the Tribuiani Law Firm to have us create your estate plan.
Robert W. Tribuiani presents an annual seminar entitled "Basics of Estate Planning." Last year's seminar was held in Palm Beach Gardens at St. Ignatius Cathedral. To attend this year's free seminar, please contact the Tribuiani Law Firm to reserve your seat!
Wills
A will is a legal document that allows you to specify who will inherit your property after you die. It also allows you to name a guardian for your minor children, create trusts, and name your personal representative. In essence, a will allows you to control what happens to your estate after you die. In contrast, if you do not have a will, you have no control over what happens to your estate property after you die, and as a result, your loved ones may suffer costly delays and hardship. The Tribuiani Law Firm can help you make the right decisions so you can protect your assets during your lifetime and benefit your loved ones after your death. Contact the Tribuiani Law Firm and have an attorney draft and execute a will designed to meet your unique needs.
Trusts
A trust is a way to hold and invest property for the benefit of yourself and your loved ones. Contrary to popular belief, trusts are not just for people who are extremely wealthy. No matter the size of your estate, you may use a trust to designate a guardian for your minor children, manage your property, protect your assets, and distribute your estate according to your wishes. You may prefer to use a trust that is created during your lifetime, or one that is created after your death through your last will and testament. You may prefer to transfer your assets to your heirs outright or in a way that allows you to exercise a degree of control over your assets, even after your death. The Tribuiani Law Firm can help you decide which trust is right for you.
A revocable trust allows you to retain ownership and control of your property, and to change the terms of your trust during your lifetime. An irrevocable trust does not allow you to change the terms of the trust once it is created, but it can provide certain protections that make it advantageous, depending upon your circumstances. An inter vivos trust (called a living trust) is a trust that takes effect during your life. A testamentary trust, in contrast, is a trust that is created by your will after your death.
Contact the Tribuiani Law Firm for a legal consultation with Robert W. Tribuiani, Esq., to help you understand the advantages and disadvantages of the various types of trusts available to you, and to assist you in selecting the appropriate vehicle to maximize your estate goals.
Estate Planning
The Tribuiani Law Firm can help you understand the estate planning options you have available to you, and can develop the highest quality estate plan for your needs. If you want to care for your loved ones during your lifetime as well as after your death, you need a comprehensive estate plan tailored to your unique circumstances. Regardless of your net worth, if you own property, if you are recently married or divorced, if you have children, or if you wish to leave an inheritance to a friend or charity, it is important to have at least a basic estate plan in place. Whether you are already familiar with estate planning or are just beginning to learn, you are never too young or too old to begin the process. Protect your assets from public scrutiny, probate, and taxes.
Powers of Attorney
The longer we live, the more likely it is that our mind and body will suffer from deterioration or a traumatic event that causes us to lose the capacity to make our own financial decisions. A power of attorney allows you, the principal, to designate another person, an agent, to act on your behalf should you become mentally or physically incapacitated and unable to act for yourself. Contact the Tribuiani Law Firm for a free consultation. Whether you want a power of attorney that is effective immediately, or one that does not become effective until you are mentally or physically incapacitated, contact the Tribuiani Law Firm to craft and execute a power of attorney to meet your unique needs.
Health Care Directives
The longer we live, the more likely it is that we will lose the capacity to make our own health care decisions. This may very likely result in financial and emotional distress for you and your loved ones. Remember, incapacity to make decisions is not just a problem for the elderly. Illnesses and accidents that cause incapacity can befall anyone at any age, so don't wait until it is too late. Contact an estate planning attorney to draft and execute a power of attorney, an advance health care directive (living will), and a designation of health care surrogate. The Tribuiani Law Firm can draft and execute these legal documents so that you, rather than the courts, may direct what will happen should you become incapacitated.
Asset Protection
Don't let an unforeseen occurrence strip you of your assets. Asset protection is the process of legally and ethically protecting your assets from claims of creditors. Contact Robert W. Tribuiani, Esq., to learn about effective strategies for protecting your assets. One of the most effective asset protection devices afforded to permanent residents of Florida is the Florida homestead protection.
Florida Homestead. The State of Florida provides extensive benefits to permanent residents of Florida whose primary residence qualifies as homestead property. There are three separate and distinct categories of homestead law:
Asset Protection (your homestead is protected from claims of creditors);
Estate Planning (if you are survived by a spouse and/or minor children, the Florida Constitution keeps your homestead property in your family); and
Property Tax Break (the State of Florida provides for a reduction in the amount of property tax that is charged on homestead property).
Business Planning. There are many options available to you for protecting your hard earned assets, including Limited Liability Companies, "S" Corporations, Trusts, Buy-Sell Agreements, and Family Limited Partnerships, to name just a few. As each of these options has its own strengths and weaknesses. You should have an attorney help you understand how to protect your assets. Contact us so we can help you develop your business plan today.
