Top Estate Planning Attorney Ana Veliz Reveals Estate Planning Actions Needed In Case Of Incapacitation – Coral Gables, FL

Leading Probate Attorney Ana Veliz, founder of the Law Offices of Ana M. Veliz, P.A. in Coral Gables, FL emphasizes the importance of proactive estate planning, particularly in the event of incapacitation. For more information please visit https://velizlaw.com

Coral Gables, Florida, United States – April 2, 2024 —

Taking control now of estate planning decision-making will make it easier in the long-term, especially if a person becomes incapacitated, estate planning attorney Ana M. Veliz has advised.

For more information please visit https://velizlaw.com

The Founder of Ana M. Veliz, P.A. in Coral Gables, said that those failing to take estate planning seriously could endure potential financial and emotional pain in later life.

She elaborated: “Those that become incapacitated through ill-health and have no estate planning will be deprived of important future decision-making. Estate planning should not be viewed as addressing issues solely after someone has died.’’

“Estate planning should be seen as a living, breathing shadow of a person’s life. It is always essential and relevant at any time of life. It also takes away any future worry and concern.”

She added that someone considering their estate for the future needs to appoint an agent who can take responsibility for that person’s financial and medical outcomes if they become incapacitated.

Veliz asserted: “When setting up a power of attorney, it is important to tell the agent, preferably in writing, your financial and medical wishes.”

She cautioned against assigning joint ownership of assets and finances because if the joint owner runs into financial trouble, they could utilize the other person’s account, assets or property to pay off their debts, even if they never contributed to an asset.

Establishing a living trust is an optional, practical step. This involves retitling certain assets under the ownership of a trust overseen by a successor trustee who will carry out wishes if the owner is incapacitated.

She said: “That trustee will wield a lot of power in managing trust assets, so think carefully about who to appoint. However, not having a plan could see future decisions not aligning with their wishes.” 

Veliz advised that before making any decisions, seek advice from an experienced estate planning attorney. “They will offer the best course of action and ensure a plan is comprehensive enough to reflect all a person’s wishes and decisions that they are comfortable with,” she concluded.

Source: http://RecommendedExperts.biz

Contact Info:
Name: Ana M. Veliz
Email: Send Email
Organization: Law Offices of Ana M. Veliz, P.A.
Address: 2600 Douglas Rd Suite 710, Coral Gables, FL 33134, United States
Phone: (305) 703-5198
Website: https://velizlaw.com

Release ID: 89125957

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